Balance of payments of the Republic of Lithuania: November 2023

in November, the surplus on the current account balance (CAB) significantly decreased by 34.3%, compared to October, and amounted to €333.5 million. The fall in the surplus was mainly underpinned by a rise in foreign trade deficit and a decline in the surplus balance of services (see Chart 1). A decrease in foreign trade exports (4.7%) and a slight increase in imports (0.1%) led to a decrease (37.3%) in foreign trade deficit to €577.5 million. With a fall in exports of services (3.2%) and a rise in imports (9.8%), the surplus balance of services decreased by 17.4%, amounting to €697.9 million. The surplus on primary income balance (€185.6 million) was mainly influenced by European Union (EU) subsidies received by the non-government sector;

the secondary income balance declined but remained in surplus, amounting to €27.6 million. Transfers from EU support funds decreased over the month and amounted to €29.9 million, whereas Lithuania’s calculated contributions to the EU budget remained unchanged at €43.1 million. Personal transfers from abroad amounted to €65.4 million, representing a month-on-month decrease of 19.1%, whereas personal transfers from Lithuania went up by 17.8% and amounted to €32.3 million;

the positive net flow of financial account investment (€39.7 million) was mainly driven by the positive net flow of other investment (€598.0 million), which was not offset by the negative net flow of portfolio investment (€401.8 million) (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

Detailed data for November is available on the Bank of Lithuania website (External statistics). 

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Statistics, External statistics