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Current account deficit continues to decrease

April 13, 2017

Balance of Payments of the Republic of Lithuania, February 2017

Today, the Bank of Lithuania published the data for the February 2017 balance of payments, showing that the current account balance (CAB) deficit, compared to January, decreased by 27 per cent. The deficit was a result of the negative balances of goods and primary income, which were not offset by the surplus balances of services and secondary income. Due to more rapid growth in the import of goods, the trade balance deficit increased by 13.3 per cent. The negative balance of primary income, compared to January, decreased by 9.1 per cent. The surplus balances of services and secondary income, compared to January, increased by 32.5 and 1.5 per cent respectively.

Unlike in January, a negative financial account balance was recorded (EUR 201.4 million). Excluding official reserve assets, the negative EUR 370.5 million flow of net investment formed as a result of the increase in the net incurred liabilities of other and direct investment.

More information on the country’s balance of payments for February 2017 is available in the statistical release of the Bank of Lithuania. Comprehensive balance of payments data are also published on the Bank of Lithuania’s website.