2017-03-23
In Q4 2016, a EUR 298.8 million surplus in the current account balance was recorded. It built up as a result of the increasing surpluses on the balances of services and secondary income, which offset the deficits in the foreign trade and primary income balances. In 2016, the surplus on the current account balance formed for the first time. The positive EUR 423.6 million financial account balance in Q4 2016 was due to requirements to non-residents increasing more than liabilities.
The build-up of a negative international investment position balance (EUR 16.7 billion) at the end of 2016 showed that Lithuania was a debtor vis-a-vis the rest of the world. In this period, the gross debt amounted to EUR 33.4 billion, or 86.4 per cent of GDP, while the net debt – EUR 10.2 billion, or 26.4 per cent of GDP.
It should be noted that in preparing the balance of payments for Q4 2016 the data for Q1–Q3 2016 was revised.
This new data was released today by the Statistics Department of the Economics and Financial Stability Service at the Bank of Lithuania.
For more information on the country’s Balance of Payments for Q4 2016 and 2016, see the Bank of Lithuania’s Statistical Release (213.5 KB download icon). Comprehensive balance of payments data is also published on the Bank of Lithuania’s website.