2013-12-20
Balance of Payments of the Republic of Lithuania for Q3 and three quarters 2013
In Q3 2013, the current account balance (CAB) of Lithuania's balance of payments posted a surplus of LTL 21.7 million, which was driven by the surplus balances of services and current transfers that offset the foreign trade and income balance deficits. A surplus CAB this year is recorded for a second quarter in a row. The CAB surplus for three quarters of 2013 amounted to LTL 820.1 million. The negative value (LTL 920.1 million) of the BOP financial account balance in Q3 2013 resulted from an increase in official reserve assets.
The country's foreign assets increased (3.4%), whereas international financial liabilities decreased somewhat in Q3 2013 quarter on quarter. Gross external debt grew by 1 per cent, while net external debt contracted by 1.2 per cent in the reference period.
Please note that the BOP for Q3 2013 has included revised data of the BOP for Q2 2013.
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 (220.1 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.