Balance of payments of the Republic of Lithuania: September 2023

compared to August, the surplus on the current account balance (CAB) slightly expanded (6.4%) in September and amounted to €602.6 million. This was mainly determined by the primary income balance (€84.7 million) which turned from deficit to surplus (see Chart 1). As imports of goods increased more than exports (4.6% and 3.5% respectively), the foreign trade deficit increased by 19.7% and amounted to €273.1 million. With a decline in exports and imports of services (by 3.5% and 5.1% respectively), the surplus on the balance of services slightly went down (by 1.7%), amounting to €757.6 million;

the surplus on the secondary income balance amounted to €33.5 million. Transfers from European Union (EU) support funds halved over the month and amounted to €23 million, whereas Lithuania’s calculated contributions to the EU budget increased somewhat, amounting to €43.1 million. Personal transfers from abroad amounted to €69.4 million, a month-on-month increase of 2.1%, whereas personal transfers from Lithuania decreased by 6.8% and amounted to €25.6 million;

the negative net flow of financial account investment (€284.8 million) was mainly driven by the negative net flow of direct investment (€388.7 million) and portfolio investment (€174.4 million) (see Chart 2).

Chart 1. CAB and its composite flows

Chart 2. Net financial account investment flows

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

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Statistics, External statistics