Balance of payments of the Republic of Lithuania: June 2024

the surplus on the current account balance (CAB) grew (60.1%), compared to May, and amounted to €399.3 million. It was mainly underpinned by a rise in the surplus balance of services and a decline in primary income deficit (see Chart 1). As exports of services increased (9.0%) and imports of services shrank (2.5%), the surplus balance of services rose by 26.6% to €844.2 million. The deficit on primary income decreased (68.8%) and stood at €59.4 million. As exports of goods declined more than imports (8.8% and 4.6% respectively), the foreign trade deficit rose by 45.3% and stood at €380.5 million;

the secondary income balance went into deficit, amounting to €5.1 million. Transfers from European Union (EU) support funds declined by 5.7%, while Lithuania’s calculated contributions to the EU budget grew by a factor of 1.8. Personal transfers from abroad shrank by 0.4%, whereas those from Lithuania rose by 8.3%;

the positive net flow of financial account investment (€1.3 billion) was driven by the positive net flow of other investment (€1.4 billion) (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

Detailed data on the balance of payments for June is available on the Bank of Lithuania’s website (External statistics). 

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Statistics, External statistics