2013-03-20
The foreign trade balance in surplus and a significant decline in the income balance led to a surplus in the current account balance (CAB) of the country’s balance of payments of LTL 968.5 million in Q4 2012. A CAB surplus was recorded in the two quarters of 2012, and a CAB deficit in all quarters of 2011. As a result, the CAB deficit narrowed by nearly seven times in 2012 year on year. Net foreign direct investment (FDI) and financial derivative inflows in the financial account of the balance of payments did not offset the outflow of net portfolio and other investments and growth in official reserve assets, which led to the negative value for the financial account balance for Q4 (LTL 930.3 million).
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 (221.7 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.