Balance of payments of the Republic of Lithuania: April 2022
Today, the Bank of Lithuania published the balance of payments for April 2022, which shows that:
the deficit on the current account balance (CAB) amounted to €468.5 million, a month-on-month increase of 36.7%. This was determined by a continuous increase in the foreign trade deficit (from €651.5 million to €736.8 million) and a decrease in the surplus on the balance of services (from €420.9 million to €390.6 million). Exports of goods declined faster than their imports (by 5.3% and 2.4% respectively) and amounted to €736.8 million., thus reducing the foreign trade deficit by 13.1%. With a decline of exports and imports of services (by 12.4% and 14.7% respectively), the surplus on the balance of services fell by 7.2% and amounted to €390.6 million. The deficit on the primary income declined insignificantly, by 1.7% (from €139.4 million to €137.0 million);
the secondary income balance was in surplus and amounted to €14.8 million. Transfers from European Union (EU) support funds (€33.7 million) declined by 10.7%, whereas Lithuania’s calculated contributions to the EU budget (€42.6 million) went up by 42.8%, compared to March. Personal transfers from abroad amounted to €54.0 million, a month-on-month increase of 8.5%. Personal transfers from Lithuania amounted to €31.6 million, a month-on-month decrease of 9.1%;
the positive net flow of financial account investment (€220.2 million) was mainly determined by the increase in the positive flow of portfolio investment (see Chart 2).
Chart 1. CAB and its composite flows
Chart 2. Net financial account investment flows
Detailed data for April is available on the Bank of Lithuania website (External statistics).
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