Balance of payments of the Republic of Lithuania: February 2024

the surplus on the current account balance (CAB) amounted to €560.4 million, a month-on-month increase of 83.3%. It was mainly underpinned by a rise in the surplus balance of services and a decline in primary income deficit (see Chart 1). As exports of services (18.1%) increased more than imports (8.3%), the surplus balance of services rose by 31.6% to €790.7 million. The deficit on primary income significantly decreased (by 50.6%) and stood at €50.4 million. With a decline in exports and imports of goods (by 3.2% and 3.6% respectively), the foreign trade deficit slightly went down (by 10.0%), amounting to €201.0 million;

the secondary income balance decreased compared to January but remained in surplus at €21.0 million. Transfers from European Union (EU) support funds and Lithuania’s calculated contributions to the EU budget increased, totalling €31.1 million and €47.0 million respectively. Personal transfers from abroad amounted to €62.1 million, while those from Lithuania totalled €32.7 million;

the positive net flow of financial account investment (€587.8 million) was mainly driven by an increase in the positive net flow of other investment (€2.4 billion), which offset the negative net flow of portfolio investment (€1.4 billion) (the latter resulted from the new Government’s eurobond issue) and the negative flow of official reserve assets (€467.9 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 February is available on the Bank of Lithuania website (External statistics). 

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Statistics, External statistics