This article presents a survey of the word-formation system of standard Lithuanian, which is notable for its highly morphological character and for the predominant role of derivation and “paradigmatization”, a word-formation process that consists in the mere change of the inflectional paradigm, although a change in part of speech is not obligatory (in contrast to conversion). Suffixal derivation is the most productive method of forming words. A two-stem structure and the absence of verbal instances are characteristic features of composition. Backformation, reduplication and clipping play no noticeable role, and blending and word-creation are not characteristic of standard Lithuanian.