Mobile Menu

Accounting & Auditing in Lithuania - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LT-M692 March 2024 Factsheet

Revenue

€287.5m

2019-2024 4.7 %
2024-2029 X.X %

Employees

12,338

2019-2024 6.1 %
2024-2029 X.X %

Businesses

3,562

2019-2024 1.4 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Accounting & Auditing in Lithuania market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

Access the 5-year outlook with purchase. View purchase options

National industry coverage with a European twist

  • Market estimates from 2014-2029
  • Data-rich reports comparing industry performance, threats, opportunities and country rankings
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee
Purchase options Download sample

About Factsheets

Industry Statistics and Rankings

How does this industry perform in Lithuania compared to Europe?

Country Benchmarking

Industry Data Lithuania

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#31 In Europe
Business
#29 In Europe
Employees
#27 In Europe
Wages
#32 In Europe

View industry report for Europe

Europe’s Accounting and Auditing industry is well-established, with leading nations like the UK and Germany generating significant revenue, partly because of London and Frankfurt being major global financial hubs. Growing enterprise numbers and employment rates have expanded the potential client pool for accounting and auditing firms. Despite the industry providing both procyclical and countercyclical services, volatile economic conditions have caused some operational disruption. Revenue is expected to contract at a compound annual rate of 3% over the five years through 2024 to €225.6 billion, including a forecast dip of 2.6% in 2024.

Unlock more insights on Lithuania and the most comparable countries in Europe with purchase. View purchase options.

Enterprises
Number of businesses in 2024

Biggest companies in the Accounting & Auditing in Lithuania

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Deloitte Touche Tohmatsu Ltd
1,304.5
N/A
N/A
Ernst & Young Global Ltd
49,102.4
N/A
N/A

Access statistics and analysis on all 2 companies with purchase. View purchase options.

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Accounting & Auditing industry in Lithuania in 2024?

The market size of the Accounting & Auditing industry in Lithuania is €287.5m in 2024.

How many businesses are there in the Accounting & Auditing in Lithuania industry in 2024?

There are 3,562 businesses in the Accounting & Auditing industry in Lithuania, which has declined at a CAGR of 1.4 % between 2019 and 2024.

Has the Accounting & Auditing industry in Lithuania grown or declined over the past 5 years?

The market size of the Accounting & Auditing industry in Lithuania has been declining at a CAGR of 4.7 % between 2019 and 2024.

What is the forecast growth of the Accounting & Auditing industry in Lithuania over the next 5 years?

Over the next five years, the Accounting & Auditing industry in Lithuania is expected to grow.

What are the biggest companies in the Accounting & Auditing market in Lithuania?

The biggest companies operating in the Accounting & Auditing market in Lithuania are Deloitte Touche Tohmatsu Ltd and Ernst & Young Global Ltd

What does the Accounting & Auditing in Lithuania include?

Audit services and Financial and management accounting are part of the Accounting & Auditing industry.

Which companies have the highest market share in the Accounting & Auditing in Lithuania?

The company holding the most market share in Lithuania is Deloitte Touche Tohmatsu Ltd.

How competitive is the Accounting & Auditing industry in Lithuania?

The level of competition is low and steady in the Accounting & Auditing industry in Lithuania.

Related Industries

This industry is covered in 37 countries

Explore full Europe Collection

Unlock Holistic European coverage

Members get access to 450+ industries across Europe, including comparative data for 37 countries.

View purchase options

Or contact us for multi-user and corporate license options

Table of Contents

About this industry

Industry definition

The industry comprises a wide range of services including accounting, auditing, bookkeeping and tax consultancy. Companies prepare and examine financial accounts, record commercial transactions for other organisations, prepare personal and business income tax returns, offer tax advisory services, and represent businesses before tax authorities.

Related Terms

BIG FOURAUDITINGMANAGEMENT ACCOUNTING

What's included in this industry?

Audit servicesFinancial and management accountingTax servicesBookkeepingPersonal tax services

Companies

Deloitte Touche Tohmatsu LtdErnst & Young Global Ltd

Industry Code

ISIC 2006

692 - Accounting, bookkeeping and auditing activities; tax consultancy in Lithuania

View up to 2 companies with purchase. View purchase options.

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Accounting & Auditing in Lithuania industry?


Outlook

Analysis

What's driving the Accounting & Auditing in Lithuania industry outlook?


Volatility

Analysis

What influences volatility in the Accounting & Auditing in Lithuania industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Accounting & Auditing in Lithuania industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

External audits generate significant revenue. Listed companies are required to publish their financials and have them audited externally, providing solid revenue for accountants and auditors.

View more insights with purchase. View purchase options.

Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Accounting & Auditing in Lithuania industry's products and services performing?

Analysis

What are innovations in the Accounting & Auditing in Lithuania industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Accounting & Auditing in Lithuania industry?


International Trade

Highlights

  • Total Imports into Lithuania
  • Total Exports into Lithuania
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Increased regulation aims to raise competition. The 2016 EU Audit Reform forces mandatory auditor rotation, but the Big Four can still attract large clients with their use their resources and reputations to cement their market positions.

View more insights with purchase. View purchase options.

Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Accounting & Auditing in Lithuania located?

Companies

Data Tables

Top 2 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The EU Audit Reform aims to improve competition. Coming into force in 2016, the regulation requires companies to rotate auditors and restricts auditors from providing certain non-audit services to their clients.

View more insights with purchase. View purchase options.

External Drivers

Analysis

What demographic and macroeconomic factors impact the Accounting & Auditing in Lithuania industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Firms keep their profit strong despite facing challenging conditions. High wages, technology investment and regulatory standards have driven up costs, pushing firms to elevate their fees to maintain their profitability.

View more insights with purchase. View purchase options.

Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Accounting & Auditing in Lithuania industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.