Balance of payments of the Republic of Lithuania: April 2023

compared to March, the surplus on the current account balance (CAB) in April slightly decreased (3.8%) and amounted to €102.8 million. It was mainly underpinned by an increase in the primary income deficit and falling surplus on the balance of services (see Chart 1). The primary income deficit went up by a fraction of 4.8, amounting to €269.0 million, as a result of increased reinvestment in Lithuania. With the fall in exports and imports of services (by 6.2% and 7.7% respectively), the surplus on the balance of services went down somewhat (3.9%) and amounted to €635.3 million. Imports of goods declined faster than their exports (by 13.9% and 10.2% respectively) and amounted to €300.9 million, thus reducing the foreign trade deficit by 39.2%;

the secondary income balance was in surplus, amounting to €37.4 million. Transfers from European Union (EU) support funds (€25.8 million) declined by 24.0%, whereas Lithuania’s calculated contributions to the EU budget (€39.5 million) by 37.3%, compared to March. Personal transfers from abroad amounted to €66.7 million, a month-on-month decrease of 10.8%. Personal transfers from Lithuania amounted to €22.5 million, representing a decrease of 43.5%;

the positive net flow of financial account investment (€559.2 million) was influenced by the positive net flow of portfolio investment (€846.3 million), resulting from the redemption of the Government’s eurobond issue (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). 

Use the My Data Sets tool to create your own data sets, which are saved in your account and automatically updated as soon as they are published.

Download in PDF (77.2 KB download icon)

Statistics, External statistics