Evolution of Small and Medium Enterprises in Lithuania Over the Period 2004–2024

Swapnil Singh ()
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Swapnil Singh: Bank of Lithuania

No 62, Bank of Lithuania Occasional Paper Series from Bank of Lithuania

Abstract: This article analyzes Small and Medium Enterprise (SMEs) employment dynamics in Lithuania from 2004 to 2024, with particular attention to spatial patterns at the municipality level. I document employment polarization within the TDS enterprise panel: while total sample employment grew, SMEs employment share declined by approximately ten percentage points, driven primarily by contraction in medium-sized enterprises. Meanwhile, micro firm-year counts expanded rapidly while average employment per micro firm declined sharply, a pattern consistent with very small-scale activity, formalization, self-employment, or tax/legal-form sorting. Geographic analysis reveals stark regional divergences.

Keywords: small and medium-sized enterprises; employment polarization; firm size distribution; regional disparities; Lithuania (search for similar items in EconPapers)
JEL-codes: J21 L25 L26 R11 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2026-07-24
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