The Lithuanian economy is a mixed economy that has shown significant growth since the country regained independence in 1990. It is characterized by a strong service sector, which accounts for over 70% of the GDP, alongside manufacturing and agriculture. Key industries include information technology, biotechnology, and food production, contributing to the country's economic stability. Lithuania is a member of the European Union and uses the Euro as its currency, which has helped facilitate trade and investment. The country has also focused on improving its infrastructure and attracting foreign direct investment, further enhancing its economic development and competitiveness in the region.