Current account balance still in surplus
Balance of Payments of the Republic of Lithuania for Q2 2019
The balance of payments data for Q2 2019 released by the Bank of Lithuania show that the current account balance significantly reduced, to amount to €38.2 million, or 0.3% of GDP, yet remained in surplus. The decline in the CAB surplus was driven by the rise in the deficit on the primary income and foreign trade balances. For three consecutive quarters the net flow of financial account investment was positive and amounted to €105.5 million, or 0.9% of GDP. At the end of Q2 2019, Lithuania’s gross external debt stood at €34.1 billion, or 72.9% of GDP, net debt – €6.3 billion, or 13.6% of GDP.
It should be noted that, when calculating the balance of payments for Q2 2019, quarterly and monthly balance of payments, international investment position and external debt data from Q1 2004 to Q1 2019 were revised.
For more information on the country’s balance of payments for Q2 2019 see the Bank of Lithuania’s Statistical Release (67.4 KB download icon). Detailed data for Q2 are available on the Bank of Lithuania website (under External statistics).