Balance of payments of the Republic of Lithuania: October 2021
Today, the Bank of Lithuania published the balance of payments for October 2021, which shows that:
the current account balance (CAB) surplus went up to €349.0 million. A significant rise in the surplus was determined by the primary income balance (€167.6 million), which turned to surplus due to agricultural subsidies from the European Union (EU) (see Chart 1). With a decline in exports and imports of services (by 4,9% and 3.4% respectively), the surplus of the balance of services went down (by 7.2%) and amounted to €401.5 million. As imports of goods increased more than exports (3.8% and 1.5% respectively), the foreign trade deficit increased by 38.8% and stood at €263.5 million;
the secondary income balance remained in surplus, amounting to €43.3 million. Transfers from EU support funds (€45.3 million) declined by 12.7%, whereas Lithuania’s calculated contributions to the EU budget (€44.5 million) went up by 12.4%, compared to September. Personal transfers from abroad amounted to €52.1 million, a month-on-month increase of 1.2%. Personal transfer from Lithuania totalled €18.9 million, declining by 1.1% month on month;
the positive net flow of financial account investment (€733.7 million) resulted from the positive net flows of other investment and portfolio investment as well as the increase in official reserve assets (see Chart 2).
Chart 1. CAB and its composite flows
Chart 2. Net financial account investment flows
Detailed data for October 2021 is available on the Bank of Lithuania website (External statistics).
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