2012-03-20
A significant increase in foreign trade and income balance deficits along with a decrease in the surplus on the balance of current transfers led to a deficit on the current account (CAD) of the country’s balance of payments for Q4 2011 of LTL 1.1 billion. CAD for Q4 was significantly above the cumulative deficit for Q1–Q3. Net foreign direct investment (FDI) and portfolio investment inflows on the financial account of the balance of payments exceeded the net outflow of other investments and the gains from official reserve assets, resulting in the positive balance on the financial account for Q4 (LTL 294.8 million).
The above data was released by the Statistics Department of the Bank of Lithuania.
For more information on the country’s Balance of Payments for Q4 2011 and 2011 see the Bank of Lithuania’s Statistical Release (297.4 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.