2024-06-28
Lietuvos bankas published the provisional data on direct investment (DI) for the first quarter of 2024. According to the latest data release:
foreign direct investment (FDI) flow in Lithuania was negative during the period under review and amounted to €67.4 million. This was underpinned by a decrease of non-resident investment in debt instruments and negative reinvestment. The largest flows to Lithuania were observed from Poland (€194.8 million), whereas negative flows were observed from Singapore (€85.3 million), Latvia (€84.4 million) and Estonia (€82.8 million). In terms of economic activity, the rise in investments in manufacturing (€183.7 million) as well as reduced investments in financial and insurance activities (€316 million) were the ones to stand out.
FDI income from non-resident investment was higher by 27.4% year on year and amounted to €692.3 million in the first quarter of 2024. The bulk of income was influenced by dividends paid out to investors (€699.7 million) (see Chart 1). Most dividends were paid out to Swedish (€221.9 million), Latvian (€218.9 million) and Estonian (€182.9 million) investors;
cumulative FDI in Lithuania rose by 5.8% over the year and amounted to €33.7 billion, or 46.2% of GDP, as at 31 March 2024. Cumulative FDI in Latvia totalled €25.1 billion and €36.7 billion in Estonia (see Chart 2). FDI per capita in Lithuania amounted to an average of €11,652 (€11,126 as at 31 March 2023). The largest investors in Lithuania included Germany (€5.9 billion), Estonia (€3.8 billion), the Netherlands (€3.3 billion), Sweden (€3.3 billion) and Latvia (€2 billion). The largest share of FDI (€11.8 billion) was attracted by companies engaged in financial and insurance activities, recording a 9.8% increase in investment;
the flow of Lithuania’s DI abroad was negative and amounted to €295.8 million during the period under review. It was influenced by a drop in resident debt and investment in equity instruments. The largest negative investment flow was observed in the US (€156.1 million) and Estonia (€76.3 million), while the largest positive flow was recorded in Latvia (€18.8 million). The biggest decrease in terms of economic activity was recorded in companies engaged in professional, scientific and technical activities (€153.8 million);
DI income earned by Lithuanian investors abroad amounted to €72.7 million. Reinvestments and dividends accounted for the largest share of income (€38.4 million and €24.5 million respectively). The bulk of income was earned from investment in Latvia (€55.7 million), Cyprus (€9.4 million) and Estonia (€6.9 million), while in terms of economic activity – from companies engaged in real estate operations (€38.8 million);
as of 31 March 2024, Lithuania’s cumulative DI abroad amounted to €12.7 billion. Lithuania’s DI in the EU Member States accounted for 59.8%. Major directions of Lithuania’s DI abroad: the US and Latvia (35% and 16.3% of Lithuania’s total DI abroad respectively). The largest share of Lithuania’s cumulative DI abroad (46.7% or €5.9 billion) went to companies engaged in professional, scientific and technical activities.
Chart 1. Non-resident FDI income
Chart 2. Cumulative FDI in Lithuania, Latvia and Estonia as at 31 March 2024
Lithuania .png) |
Latvia  |
Estonia  |
| €33.7 billion | €25.1 billion | €36.7 billion |
Sources: Lietuvos bankas, State Data Agency, Latvijas Banka and Eesti Pank.
At the EU level, the revision of balance of payments and national accounts indicators coordinated by Eurostat and the European Central Bank is carried out in 2024. FDI data will be revised with the aim of having harmonised macroeconomic statistical data. The revised data series from the first quarter of 2020 to the fourth quarter of 2023 will be published on 30 September 2024.
Detailed data on DI is available on the website of Lietuvos bankas under External statistics.
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