2015-03-24
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 an EUR 36.8 million current account balance (CAB) deficit in the country’s balance of payments in Q4 2014. In 2014 the CAB deficit built up for a third time. The increasing official reserve assets resulted in a positive balance of payments financial account balance, amounting to EUR 94.4 million.
In Q4 2014, growth in foreign assets and financial liabilities was recorded (2.4% and 1.9% respectively) quarter on quarter. In Q4 2014 Lithuania’s gross external debt increased by 0.7 per cent and at the end of 2014 amounted to 69.9 per cent of GDP, while the country’s net external debt — 29.2 per cent of GDP.
It should be noted that the BOP for Q4 2014 has included revised data of the BOP for Q1–Q3 2014.
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 (230.1 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.