2021-10-14
Today, the Bank of Lithuania published the balance of payments for August 2021, which shows that:
the current account balance (CAB) surplus of €168.5 million replaced the deficit recorded in July. The CAB surplus resulted from a higher surplus in the balance of services, the balance of secondary income which fell but remained in surplus, as well as a significant decrease in foreign trade balance deficit (see Chart 1). As foreign trade exports increased by 9.0% and import dropped by 1.7%, the foreign trade balance deficit contracted 2.9 times and amounted to €145.8 million. With the rise in exports and imports of services (by 3.6% and 5.1% respectively), the surplus of the balance of services went up (by 1.4%) and amounted to €427.7 million;
the secondary income balance remained in surplus, amounting to €28.0 million. Transfers from European Union (EU) support funds (€24.8 million) declined by 24.6%, whereas Lithuania’s calculated contributions to the EU budget (€36.0 million) went up by 75.4%, compared to July. Personal transfers from abroad amounted to €49.8 million, a month-on-month decrease of 8.9%. Personal transfers from Lithuania totalled €18.6 million, rising by 1.9% month on month;
the positive net financial account investment flow (€396.0 million) was determined by the positive net other investment and portfolio investment flows (see Chart 2).
Chart 1. CAB and its composite flows
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Chart 2. Net financial account investment flows
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Detailed data for August 2021 is available on the Bank of Lithuania website (External statistics).
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