Current account surplus declined significantly
Balance of Payments of the Republic of Lithuania for Q1 2019
The balance of payments data for Q1 2019 released by the Bank of Lithuania show that the current account balance reduced significantly, to amount to €365.0 million, or 3.4% of GDP, yet remained in surplus. This reflected the surplus on the balances of services and secondary income, which offset the decreased deficits in the foreign trade and primary income balances. The net flow of financial account investment, unlike the previous year, was positive and amounted to €221.4 million, or 2.1% of GDP. At the end of Q1 2019, Lithuania’s gross external debt stood at €34.0 billion, or 74.2% of GDP, net debt – €6.7 billion, or 14.7% of GDP.
For more information on the country’s balance of payments for Q1 2019 see the Bank of Lithuania’s Statistical Release (65.9 KB ). Detailed data for Q1 are available on the Bank of Lithuania website (under External statistics).