Bank of Lithuania
2015-06-22
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The surplus balances of services and of secondary income did not offset the foreign trade and primary income balances; this led to the build-up of a EUR 413.2 million current account balance (CAB) deficit in the country’s balance of payments in Q1 2015. The growth in other investment did not offset the decreased official reserve assets and net direct investment flows, and this resulted in a negative balance of payments financial account balance, which amounted to EUR 179 million.

In Q1 2015, growth in foreign assets and financial liabilities was recorded (17% and 12.4% respectively) quarter on quarter. In Q1 2015 Lithuania’s gross external debt increase by 15.6 per cent and at the end of of Q1 2015 amounted to 80.6 per cent of GDP, while the country’s net external debt — 32.5 per cent of GDP.

Current account. In Q1 2015, CAB deficit in the country’s balance of payments amounted to EUR 413.2 million (–5% of GDP). This deficit resulted in foreign trade and primary income balance deficit, which amounted to respectively EUR 528.1 million and EUR 379.7 million.

The above data was released by the Statistics Department of the Bank of Lithuania.

For more information see the Bank of Lithuania’s Statistical Release (189.3 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.