Current account balance for Q1 2018 was negative
Balance of Payments of the Republic of Lithuania for Q1 2018
Today, the Bank of Lithuania released the balance of payments data for Q1 2018. They show that the current account deficit amounted to €208.0 million, or 2.1% of GDP. The deficit was a result of the negative balances of goods and primary income, which were not offset by the surplus balances of services and secondary income. In Q1 2017, the current account deficit amounted to €222.7 million, or 2.4% of GDP. The financial account net investment flow, as well as a year earlier, was negative, and amounted to €231.3 million, or 2.3% of GDP; in Q1 2017 – €235.7 million, or 2.5% of GDP. Lithuania’s gross external debt stood at €34.8 billion, or 82.0% of GDP, net debt – €8.3 billion, or 19.5% of GDP at the end of Q1.
For more information on the country’s balance of payments for Q1 2018, see the Bank of Lithuania’s Statistical Release (142.1 KB ). Detailed data for Q1 are available on the Bank of Lithuania website (under External Statistics).