2023-09-29
Direct Investment in Q2 2023 (Joint press release by the Bank of Lithuania and Statistics Lithuania).
The Bank of Lithuania and the State Data Agency published the provisional data on direct investment (DI) for the second quarter of 2023. When calculating the data for Q2 2023, data for Q1 2022-Q1 2023 were revised. According to the latest data release:
the flow of foreign direct investment (FDI) in Lithuania amounted to €288.3 million in the second quarter of 2023, which was driven by the growth in reinvestment (€290.7 million). The largest positive flows to Lithuania were observed from Latvia (€157.1 million) and Sweden (€119.6 million), while negative flows came from Poland (€97.1 million). In terms of economic activity, investments in financial and insurance activities (€170.1 million) as well as information and communication activities (€62.6 million) were the ones to stand out;
FDI income from non-resident investment amounted to €1,046.6 million in the second quarter of 2023, a year-on-year increase of 53.6% (see Chart 1). Dividends (€730 million) and reinvestment (€290.7 million) accounted for the bulk of income. The largest share of FDI income was earned by the UK (€192.1 million), Swedish (€151.3 million), Estonian (€109 million) and Latvian (€107.6 million) investors;
cumulative FDI in Lithuania rose by 12% over the year and amounted to €32 billion, or 45.9% of GDP, as at 30 June 2023. FDI per capita in Lithuania amounted to an average of €11,171 (as at 30 June 2023 – to €10,080). At the end of the second quarter of 2023, the largest investors in Lithuania included Germany (€5.7 billion), Estonia (€3.6 billion), Sweden (€3.4 billion), the Netherlands (€2.9 billion) and the UK (€2.4 billion). The largest share of FDI was attracted by companies engaged in financial and insurance activities (€11 billion);
the flow of Lithuania’s DI abroad was positive in the second quarter of 2023 and amounted to €67.2 million. The largest investment flows were recorded for Latvia (€58.9 million). In terms of economic activity, the largest investments were directed to enterprises in real estate activities (€52.8 million), and wholesale and retail trade as well as repair of motor vehicles and motorcycles (€44.2 million);
DI income earned by Lithuanian investors abroad in the second quarter of 2023 amounted to €82 million. Reinvestment and dividends paid out to Lithuanian investors accounted for the bulk of the income earned (€39 million and €34.3 million respectively) (see Chart 2). Most income was earned from investment in Latvia (€44 million), and, in terms of economic activity, from companies engaged in real estate activities (€45.9 million);
Lithuania’s cumulative DI abroad grew by 24.1% year on year and stood at €13.2 billion as at 30 June 2023. Lithuania’s DI in the EU Member States accounted for 60%. Major directions of Lithuania’s DI abroad: the US and Latvia (34.5% and 16.1% of Lithuania’s total DI abroad respectively). The largest share of Lithuania’s cumulative DI abroad (46.4% or €6.1 billion) went to companies engaged in professional, scientific and technical activities.
Chart 1. Non-resident FDI income
Chart 2. Lithuania’s DI income abroad
Detailed data on DI is available on the Bank of Lithuania website under External statistics.
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