In February 2010, the Current Account Balance on the Balance of Payments of Lithuania recorded a deficit of LTL 36 million. Compared to January (when the deficit on the current account balance made up LTL 133.2 million), the deficit decreased by 97.2 million. In February, the deficit decrease was driven largely by a decline in the foreign trade balance deficit.The deficit on the current account balance for January-February this year totalled 169.3 million. In February 2009, the current account balance was in surplus of 82.4 million, while in January-February it posted a deficit of LTL 187.8 million.
The above data was released today by the Statistics Department of the Bank of Lithuania.
For more information on the country’s Balance of Payments for February 2010 see the Bank of Lithuania’s Statistical Release.