2017-09-20
Balance of Payments of the Republic of Lithuania for Q2 2017
Today, the Bank of Lithuania released the balance of payments data for Q2 2017. They show that the current account balance was in deficit, at EUR 123.5 million, or 1.2 per cent of GDP. Although the balances of services and secondary income increased substantially, they did not, however, offset a substantial decrease in primary income inflows. The negative flow of net investment on the financial account amounted to EUR 8.1 million, or 0.1 per cent of GDP. Gross debt stood at EUR 33.1 billion, or 82.8 per cent of GDP, net debt – at EUR 9.4 billion, or 23.4 per cent of GDP in the period under review.
It should be noted that, when calculating the balance of payments data for Q2 2017, all quarterly and monthly balance of payments data (from Q1 2004 to Q1 2017) as well as international investment position data were revised. The current account (primary and secondary income), capital and financial account (portfolio investment assets and financial derivatives) were subject to major revision.
For more information on the country’s balance of payments for Q2 2017, see the Bank of Lithuania’s Statistical Release (89.7 KB download icon). Detailed data for Q2 are available on the Bank of Lithuania website (under External Statistics).