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The economy of Lithuania is the largest economy among the three Baltic states. Lithuania is a member of the European Union and its GDP per capita is the highest in the Baltic states. Lithuania belongs to the group of very high human development countries and is a member of WTO and OECD. GDP growth reached its peak in 2008, and was approaching the same levels again in 2018. Lithuania has a sound fiscal position. The 2017 budget resulted in a 0.5% surplus, the gross debt was stabilising at around 40% of the GDP. The budget remained positive in 2017, and was expected to continue to do so in 2018. Lithuania is ranked 11th in the world in the Ease of Doing Business Index prepared by the World Bank Group, 16th out of 178 countries in the Index of Economic Freedom, measured by The Heritage Foundation and 8th out of 165 countries in the Economic Freedom of the World 2021 by Fraser Institute. On average, more than 95% of all foreign direct investment in Lithuania comes from European Union countries. FDI into Lithuania spiked in 2017, reaching its highest ever recorded number of greenfield investment projects. In 2017, Lithuania was the third country, after the Republic of Ireland and Singapore by the average job value of investment projects. Based on OECD data, Lithuania is among the top 5 countries in the world by postsecondary (tertiary) education attainment. This educated workforce attracted investments, especially in the ICT sector during the past years. The Lithuanian government and the Bank of Lithuania simplified procedures for obtaining licences for the activities of e-money and payment institutions positioning the country as one of the most attractive for the financial technology initiatives in the EU.