Balance of payments of the Republic of Lithuania: February 2023

the surplus on the current account balance (CAB) increased significantly in February compared to January, from €79.9 million to €227.8 million. The increase in the CAB surplus was mainly due to a narrowing (by 21.9%) of the foreign trade deficit, from €414.4 million to €323.8 million (see Chart 1). The narrowing in the foreign trade deficit was influenced by a larger fall in imports of goods than in exports of goods (5.5% and 3.2% respectively). Over the same period, the surplus balance of services increased marginally by 8.6% to €668.9 million;

the secondary income balance remained in surplus, amounting to €6.9 million. Transfers from European Union (EU) support funds (€36.0 million) rose by 59.5%, whereas Lithuania’s calculated contributions to the EU budget (€52.6 million) went up by 77.5%, compared to January. Personal transfers from abroad amounted to €64.8 million, with an increase of 6.2% compared to January. Personal transfers from Lithuania to abroad amounted to €34.1 million, an increase of 5.3%;

the negative net flow of financial account investment (€1.1 million) resulted from the negative net direct other investment flow (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

Detailed data for February 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 (76.1 KB download icon)

Statistics, External statistics