Lithuania's ICT sector recorded 18% revenue growth in the first half of 2026 compared to H1 2025, according to data released by Statistics Lithuania (Statistikos departamentas). The growth was driven primarily by export revenue from fintech platforms and AI-integrated software services, with the domestic market showing more modest growth of 8% for the same period.
The fintech segment, which represents approximately 35% of Lithuania's ICT sector revenue, benefited from Lithuania's position as a licensed financial institution hub for EU market access. The country hosts a disproportionate number of e-money institution licenses and payment institution licenses relative to its size, and the software platforms serving these licensed entities — compliance management, transaction monitoring, customer onboarding, and reporting tools — generated strong export revenue to regulated fintech operators across Europe.
AI service revenue showed the strongest growth rate within the ICT sector at 47% year-over-year, though from a smaller base. Lithuanian software companies that have integrated AI capabilities into existing vertical software products — HR management systems, logistics optimization, manufacturing quality control — are finding international buyers who recognize that the engineering talent available in Lithuania provides competitive pricing relative to Western European or US-based AI development shops.
Vilnius remains the dominant ICT hub, hosting approximately 70% of sector employment, but Kaunas has shown accelerating growth driven by several significant development center openings by international technology companies taking advantage of lower real estate costs and a strong engineering talent pool at Kaunas University of Technology.
Talent pipeline remains the primary constraint on further sector growth. Demand for software engineers, data scientists, and AI specialists significantly exceeds the supply from Lithuanian universities, with companies relying on immigration of skilled workers from Ukraine, Belarus, India, and other markets to fill roles. The government's digital nomad visa and Blue Card implementation have eased some hiring constraints, but competition from other EU member states for the same international talent pool is increasing.