2011-03-14
A decrease in the surplus on current transfers balance and a surge of the foreign trade deficit led to a deficit on the current account balance (CAB) of the country’s balance of payments for January 2011. The negative change on the CAB made up LTL 481 million month on month and LTL 501.8 million year on year. The positive figure (LTL 280.8 million) on the financial account of the balance of payments was the result of a decrease in official reserve assets.
The above data was released by the Statistics Department of the Bank of Lithuania.
For more information on the country’s Balance of Payments for January 2011 see the Bank of Lithuania’s Statistical Release (244.1 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.