Act of Independence of Lithuania Act of Independence of Lithuania The Act of Reinstating Independence of Lithuania () or Act of 16 February was signed by the Council of Lithuania on 16 February 1918, proclaiming the restoration of an independent State of Lithuania, governed by democratic principles, with Vilnius as its capital. The Act was signed by all twenty representatives of the Council, which was chaired by Jonas Basanavičius. The Act of 16 February was the result of a series of resolutions on the issue, including one issued by the Vilnius Conference and the Act of 8 January. The path to the Act was long
Economy of Lithuania half of the total value of natural resources. The following table shows the main economic indicators in 1995–2017. Economy of Lithuania Lithuania is a member of the European Union and the largest economy among the three Baltic states. GDP per capita in Lithuania is highest in the Baltic states and is 63% above the world's average of $17,300. Lithuania belongs to the group of very high human development countries and is a member of WTO an OECD. Lithuania was the first country to declare independence from Soviet Union in 1990 and rapidly moved from centrally planned to a market economy,