Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 55 | 81 | 73 |
| Project Manager | 52 | 78 | 67 |
| Scrum Master | 59 | 74 | 64 |
| Graphic Designer | 52 | 71 | 64 |
| DevOps | 60 | 79 | 70 |
| Lead Developer | 66 | 82 | 77 |
| Junior Developer | 34 | 53 | 41 |
| Intermediate Developer | 46 | 65 | 52 |
| Senior Developer | 66 | 76 | 70 |
| Junior QA (Manual) | 25 | 44 | 34 |
| Intermediate QA (Manual) | 40 | 59 | 43 |
| Senior QA (Manual) | 46 | 61 | 47 |
| Junior QA (Automated) | 31 | 51 | 39 |
| Intermediate QA (Automated) | 42 | 63 | 46 |
| Senior QA (Automated) | 53 | 74 | 60 |
General information
Currency
EUR
GDP growth%
6
Population
2.801 million (2021)
Time zone
GMT+2
Region
The Baltics
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
CRM Development
Cloud Computing
Key industries
Economic overview
Political Stability
0.80The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
7.18A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
Very goodA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
HighAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
Lithuania is a country located in Northern Europe with a population of over 2.7 million people. It has a diversified economy, with a mix of agriculture, industry, and services. The country has a relatively small industrial sector, with a focus on the production of food, beverages, and electronics. The service sector is the largest contributor to the country's GDP, with sectors such as tourism, financial services, and IT leading the way. The Lithuanian economy has been growing steadily in recent years, with a focus on attracting foreign investment and improving the business environment.
The IT sector is a major contributor to the Lithuanian economy, with a growing number of startups and tech companies emerging in recent years. The country has a well-developed IT infrastructure, with a high level of internet and mobile phone penetration. Lithuania has been recognized as one of the top destinations in Europe for outsourcing IT services, with a highly skilled workforce and a competitive business environment. The government has also made significant investments in the development of the IT sector, including initiatives to promote the use of technology in education, healthcare, and business.
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