Balance of payments of the Republic of Lithuania: October 2024

the surplus on the current account balance (CAB) was down by 6.5%, compared to September, and amounted to €505.6 million. It was mainly underpinned by a large increase in the foreign trade deficit (see Chart 1). Following a slight decrease in exports of goods (0.8%) and a rise in imports (8.1%), the foreign trade deficit significantly went up by a factor of 3.2 and totalled €424.6 million. With a fall in exports of services by 1.1% and a rise in imports by 6.9%, the surplus balance of services decreased by 10.1%, amounting to €763.0 million. The surplus on primary income balance (€126.7 million) was mainly influenced by European Union (EU) subsidies for agriculture;

the surplus on the secondary income balance totalled €40.4 million. Transfers from EU support funds rose by a factor of 2.7, compared to September, and amounted to €74.0 million, whereas Lithuania’s calculated contributions to the EU budget remained unchanged, amounting to €44.4 million. Personal transfers from abroad amounted to €58.0 million, representing a decrease of 16.0%, whereas personal transfers from Lithuania went up by 67.1% and amounted to €42.6 million;

the positive net flow of financial account investment (€88.5 million) was mainly driven by the positive net flow of other investment (€523.2 million) (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 October is available on the Bank of Lithuania’s website (External statistics). 

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Statistics, External statistics