Balance of payments of the Republic of Lithuania for Q4 2025

the surplus on the current account balance (CAB) increased, compared to the third quarter of 2025, from €169.9 million to €585.5 million, accounting for 2.6% of the gross domestic product (GDP). This development was mainly influenced by the decreased deficits on the primary income and foreign trade balances, offsetting the decreased surpluses on the secondary income balance and the balance of services. The decrease in the foreign trade balance deficit (by 11.5 %) to €1.6 billion was driven by the decline of imports of goods, which was decreasing faster than exports of goods (by 2.2% and 0.4% respectively). Compared to the previous quarter, imports of services, which was growing faster than exports (by 7.4% and 3.5% respectively), led to a reduction (by 2.0%) in the surplus on the balance of services to €2.7 billion;

the deficit on the primary income balance fell by a factor of 1.7 to €491.0 million, mainly driven by other primary income balance, which turned from deficit to surplus (€472.6 million), and an increased deficit on the investment income balance (€961.9 million);
the surplus on the secondary income balance fell from €106.0 million to €9.3 million, reflecting increased current transfers abroad and a smaller flow of financial support from the European Union. 
For comparison: a year ago, the CAB also recorded a surplus and amounted to €91.5 million, or 0.4% of GDP at current prices (see Chart 1);
the surplus on the capital account balance increased by 14.1%, compared to the previous quarter, reaching €577.7 million. The surplus was due to EU financial support received for the financing of investment projects; 
in the fourth quarter of 2025, similarly to the third quarter, the net flow of the financial account investment was positive, amounting to €1.9 billion or 8.6% of GDP. This was due to an increase in the positive net flow of portfolio investment (€3.1 billion) and an increase in the official reserve assets (€146.1 million), which were not offset by negative net flows of other investment and direct investment (€683.8 million and €626.7 million respectively).
For comparison: in the fourth quarter of 2024, the net flow of financial account investment was also negative, amounting to €274.1 million or -1.3% of GDP at current prices (see Chart 2);
the net international investment position was negative and amounted to €1.6 billion or -1.9% of GDP at the end of the fourth quarter, compared to €550.5 million or -0.75% of GDP at current prices a year ago;
at the end of the reporting period, Lithuania’s gross external debt stood at €78.4 billion or 93.3% of GDP, while net external debt amounted to -€8.6 billion or -10.2% of GDP, i.e. Lithuania’s assets abroad exceeded its foreign liabilities.
For comparison: a year ago, Lithuania’s gross external debt amounted to €61.2 billion or 77.4% of GDP, while net external debt amounted to -€10.4 billion or -13.2% of GDP.

Chart 1. CAB and its composite flows as a percentage of GDP

Chart 2. Net financial account investment flows as a percentage of GDP

It should be noted that in compiling the data of the balance of payments for the fourth quarter of 2025, revisions were made to the balance of payments and the international investment position data for the first to third quarters and for January–December of 2025.
Detailed data on the balance of payments and international investment position as well as external debt is available on Lietuvos bankas’ website (under External statistics).
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Statistics, External statistics