Balance of Payments of the Republic of Lithuania for the Q3 of 2010

  20 December 2010   REVIEW OF THE BALANCE OF PAYMENTS OF THE REPUBLIC OF LITHUANIA FOR Q3 AND THREE QUARTERS OF 2010   A decrease in the surplus of current transfers balance and a surge in the deficits on income and foreign trade balances led to a deficit on the current account balance (CAB) of the country’s balance of payments for Q3 2010. Nevertheless, a surplus of LTL 1.1 billion was registered on the CAB for three quarters in 2010. The financial accounts for Q3 and three quarters in 2010 were negative (LTL – 173 million and LTL – 2.8 billion respectively) largely due to the other investment outflow from Lithuania and the growth of official reserve assets. 1   Current account. In Q3 2010, the deficit on the CAB of the country ’ s balance of payments amounted to LTL 231.6 million accounting for – 0.9% of GDP. Quarter on quarter the negative balance change made up LTL 1.4 billion. The surplus on CAB for three quarters this totalled LTL 1.1 billion (1.6% of GDP), a 1.3% increase 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   4.3 Q1 –98.65   –0.5    Q2 337.74 1.4 Q3 877.71 3.7 Q1–Q3 1,116.80   1.6 Q4 2,779.30   12.1 2010     Q1 190.03 0.9 Q2 1,172.57   4.9 Q3 –231.56   –0.9    Q1–Q3 1,131.04   1.6   Changes on CAB and composite balances. Contributions to changes on CAB A. Q3 2010 to Q2 2010p     Q3 2010, LTL millions   Q2 2010, LTL millions   Change (%) Contribution (%) Current account balance –231.56    1,172.57    –119.7    –119.7   Trade balance –1,282.54    –862.64    48.7 –35.8    Balance of services 987.21 776.34 27.2 18.0 Income balance –840.63   –359.84   133.6 –41.0    Balance of current transfers 904.40 1,618.71    –44.1    –60.9    B. Q1–Q3 2010 to Q1–Q3 20099     Q1 – Q3 2010, LTL millions   Q1 – Q3 2009, LTL millions   Change (%) Contribution (%) Current account ba