Balance of payments of the Republic of Lithuania: April 2024

compared to March, the surplus on the current account balance (CAB) sharply dropped: from €458.2 million to €2.3 million. It was mainly underpinned by a decrease in the surplus balance of services (39.7%) and a rise in primary income deficit (by a factor of 2.7) (see Chart 1). Following a decline in exports of services (14.7%) and the growth in imports of services (7.2%), the surplus on the balance of services considerably dropped (39.7%), to stand at €503.9 million. The primary income deficit went up by a factor of 2.7 and amounted to €249.1 million, mainly underpinned by dividends paid out to investors in Lithuania. With a rise in exports and imports of goods (by 4.2% and 3.9% respectively), the foreign trade deficit slightly went up (by 1.5%), amounting to €299.1 million;

the surplus on the secondary income balance grew and totalled €46.6 million. Transfers from European Union (EU) support funds rose by 25.6%, while Lithuania’s calculated contributions to the EU budget were down by 49.5%. Personal transfers both from abroad and from Lithuania went up by 10.0% and 12.8% respectively;

the positive net flow of financial account investment (€286.0 million) resulted from the increase in official reserve assets and positive net flow of direct investment and portfolio investment (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

Detailed data on the balance of payments for April is available on the Bank of Lithuania’s website (External statistics). 

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Statistics, External statistics