Balance of Payments of the Republic of Lithuania for the Q2 of 2010

    20 September 2010     REVIEW OF THE BALANCE OF PAYMENTS OF THE REPUBLIC OF LITHUANIA FOR Q2 AND H1 2010     The surplus on the current account balance (CAB) of the country’s Balance of Payments for Q2 2010 grew six times compared to Q1. In Q2 it made up LTL 1.2 billion accounting for 4.8% of the gross domestic product (GDP). The negative balance of the second quarter financial account (LTL -1.8 billion) is related to an increased propensity of Lithuania to save in the context of declining foreign investments.     Current account. The Q2 2010 surplus on the CAB of the country’s balance of payments made up LTL 1.2 billion (4.8% of GDP), a quarter-on-quarter increase of LTL 982.5 million (6 times higher) or 3.5 times higher compared to Q2 2009. In H1 this year, the surplus on CAB was LTL 1.4 billion (3% of GDP) or 5.7 times higher compared to the corresponding period in 2009.   CAB and CAB to GDP ratio      CAB, LTL millions P    CAB to GDP ratio (%)   2009 3,896.10    4.2 Q1 –98.65    –0.5    Q2 337.74 1.4 H1 239.09 0.5 Q3 877.71 3.7 Q4 2,779.30    11.8 2010     Q1 190.03 0.9 Q2 1,172.57    4.8 H1 1,362.60    3.0   Changes on CAB and Composite Balances. Contributions to Changes on CAB A. Q2 2010 to Q1 2010p     Q2 2010, LTL millions   Q1 2010, LTL millions   Change (%) Contribution (%) Current account balance 1,172.57    190.03 517.0 517.0 Trade balance –862.64    –886.14    –2.7    12.4 Balance of services 776.34 732.18 6.0 23.2 Income balance –359.84    –262.33    37.2 –51.3    Balance of current transfers 1,618.71    606.32 167.0 532.7 B. H1 2010 to H1 2009     H1 2010, LTL millions   H1 2009, LTL millions   Change (%)   Contribution (%)H   Current account balance 1,362.60    239.09 469.9 469.9 Trade balance –1,748.78    –1,556.31    12.4 –80.5    Balance of services 1,508.52    720.40 109.4 329.6 Income balance –622.17    –711.49   –12.6    37.4 Balance of curr