Balance of Payments of the Republic of Lithuania for Q2 and H1 2015
The surplus balances of services and secondary income in Q2 2015 did not offset the increasing foreign trade and primary income balances deficits; thus, a current account deficit of EUR 517.8 million built up. The current account deficit for the first half year amounted to EUR 872.9 million. The positive balance of payments financial account balance of EUR 206.8 million was a result of liabilities decreasing more than requirements to non-residents.
At the end of Q2 2015 the international investment position was negative (EUR 17.5 billion) and showed that Lithuania was a debtor vis-a-vis the rest of the world. The gross debt in this period amounted to EUR 28.5 billion, or 78 per cent of GDP, while the net debt — EUR 11.3 billion, or 31 per cent of GDP.
It should be noted that in drawing up the balance of payments for Q2 2015 the balance of payments data for the quarters of 2014 and for Q1 2015 was recalculated, the historical data for the quarters of 2004–2013 — revised.
The above data was released by the Statistics Department of the Bank of Lithuania.