2014-09-23
Widening surpluses on the balances of services and secondary income in Q2 2014 offset the narrowing but still negative foreign trade and primary income balances, leading to a surplus on the current account balance of LTL 1.1 billion. The current account surplus for H1 amounted to
LTL 906.9 million. The balance of payments financial account in Q2 posted a positive balance (almost LTL 2 billion), which was due to falling net other investment foreign liabilities.
At the end of Q2 2014 the international investment position was negative (LTL –57.3 billion) and showed that Lithuania was a debtor vis-a-vis the rest of the world. The gross debt in this period amounted to LTL 85.7 billion, or 70.3 per cent of GDP, while the net debt — LTL 35.8 billion, or 29.4 per cent of GDP.
It should be noted that in drawing up the balance of payments for Q2 2014 the balance of payments data for the 2013 quarters and for Q1 2014 was revised.
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 (160.5 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.