Balance of Payments of the Republic of Lithuania for the first quarter of 2010

  19 June 2010   REVIEW OF THE BALANCE OF PAYMENTS OF THE REPUBLIC OF LITHUANIA FOR Q1 2010   Current account. A In Q1 2010, the surplus on the current account balance (CAB) of the country’s Balance of Payments totalled LTL 43.9 million or 0.2% of GDP. In Q4 2009, the surplus on the current account balance made up LTL 2.4 billion (10.1% of GDP), while in Q1 the same year, the current account balance was in deficit of LTL 55.6 million ( – 0.3% of GDP).   The change on the current account balance in Q1 2010, compared to previously published data for January–March, was revised based on detailed quarterly reports from enterprises, which prompted recalculation of service and investment balances.   CAB and CAB to GDP ratio      CAB, LTL millions P    CAB to GDP ratio (%)   2009 3,528.63    3.8 Q1 –55.58    –0.3    Q2 215.89 0.9 Q3 988.42 4.2 Q4 2,379.90    10.1 2010     Q1 43.85 0.2   Changes on CAB and Composite Balances. Contributions to Changes on CAB A. Q1 2010 to Q1 2009p     Q1 2010, LTL millions   Q1 2009, LTL millions   Change (%) Contributions (%)   Current account balance 43.85 –55.58    –178.9    –178.9    Trade balance –882.88    –590.28    49.6 526.4 Balance of services 732.96 460.12 59.3 –490.9i   Income balance –412.51    –627.34    –34.2    –386.5    Balance of current transfers 606.28 701.92 –13.6    172.1 B Q1 2010 to Q4 2009      Q1 2010, LTL millions   Q4 2009, LTL millions   Change (%) Contributions (%)   Current account balance 43.85 2,379.90    –98.2n   –98.2n   Trade balance –882.88    –458.85    92.4 –17.8    Balance of services 732.96 660.57 11.0 3.0 Income balance –412.51    1,197.20    –134.5    –67.7    Balance of current transfers 606.28 980.98 –38.2    –15.7      Compared to Q1 2009, the change on the CAB was driven mainly by an increase in the service balance surplus and a decline in the income balance deficit.   Foreign trade . According to