Households in Vilnius not only boast the highest level of annual disposable income among the capitals of the Baltic states, with USD27,400 in 2016 (annual disposable income per household in Riga was USD21,500 in 2016 and USD25,400 in Tallinn), but it was one of the highest earning capitals in Eastern Europe, ahead of Warsaw (USD21,600) and Prague (USD26,100). With an average 70% (in 2013-2015) of foreign direct investment located in Vilnius per year.
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In 2016, Vilnius generated total GDP of USD18.3 billion. While the economy is bigger than Tallinn's (USD14.5 billion GDP in 2016), it is marginally behind Riga's (USD18.9 billion). However, Vilnius has the highest level of productivity in the region. In 2016, Vilnius's labour productivity stood (GVA per capita) at USD40,400, while Tallinn (USD40,100 labour productivity in 2016) and Riga (USD33,800) lagged behind.
Concentration of high-value-added jobs and a favourable labour market structure (greater labour force participation and lower unemployment rates) largely explain the 35% higher disposable income per household in Vilnius than elsewhere in Lithuania. Overall, disposable income per household in 2011-2016 in Vilnius grew by 30% at constant 2016 prices.
Consumer expenditure per household (excluding housing and transport) in Vilnius exceeded the rest of the country's average by 24% in 2016. Such discretionary items as education (+108% higher spending in Vilnius than in the rest of the country, in 2016), hotels/restaurants (+102%) and communications (+39%), were the most prominent discretionary spending categories.
In Vilnius, transport and housing together allocated 43% higher expenditure than in the rest of Lithuania. Out of the two, housing was the more expensive one, allocating 45% more spending in Vilnius, in 2016. The difference in housing expenditure jumped from 24% in 2011, as the average price of real estate per square metre rose by 15% over 2010-2016.