Balance of payments of the Republic of Lithuania: December 2023

compared to November, the surplus on the current account balance (CAB) increased in December, from €333.5 million to €629.3 million. This significant development was determined by a drop in the foreign trade deficit and a rise in the surplus balance of services (see Chart 1). As imports of goods declined faster than exports (by 18.3% and 12.8%, respectively), the foreign trade deficit contracted by 47.9% and amounted to €300.6 million. With a rise in exports of services (3.4%) and a decline in imports (5.0%), the surplus balance of services grew by 15.5%, amounting to €806.3 million. The surplus on primary income balance amounted to €56.4 million;

the surplus secondary income balance increased by a factor of 2.4 and amounted to €67.2 million. Transfers from European Union (EU) support funds and Lithuania’s calculated contributions to the EU budget rose month on month, totalling €122.7 million and €113.9 million respectively. Personal transfers from abroad amounted to €76.2 million, representing a month-on-month increase of 16.5%, whereas personal transfers from Lithuania went down by 16.3% and amounted to €27.0 million;

the positive net flow of financial account investment (€303.0 million) was mainly driven by the positive net flow of other investment (€231.4 million) and portfolio investment (€119.7 million) (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

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

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Statistics, External statistics