2024-12-31
Lietuvos bankas published the provisional data on direct investment (DI) for the third quarter of 2024. According to the latest data release:
the foreign direct investment (FDI) flow in Lithuania grew by 62.2% year on year and amounted to €848.7 million. This development was underpinned by an increase in investments in equity instruments (77.3%) and the still high reinvestments (€859.9 million) (see Chart 1). The largest flows to Lithuania were observed from Latvia (€144.2 million), Estonia (€135.2 million), Denmark (€94.7 million), the UK (€87.8 million) and the US (€77.2 million), while negative flows came from Germany (€35.6 million) and Luxembourg (€18.3 million). In terms of economic activity, the rise in investments in financial and insurance companies (€548.4 million) and transportation and storage companies (€96.3 million) as well as reduced investments in undertakings engaged in manufacturing (€38 million) and administrative and support service activities (€27.9 million) were the ones to stand out;
FDI income from non-resident investment amounted to €987.1 million in the third quarter of 2024, representing a year-on-year decrease of 18.2% (see Chart 2). The bulk of income (€859.9 million) was reinvested. Most reinvestments were made by Swedish (€156 million), US (€122.4 million) and Estonian (€115.5 million) investors. The highest income in terms of economic activity was earned by financial and insurance companies (€364.2 million);
cumulative FDI in Lithuania rose by 8.6% over the year and amounted to €37.6 billion, or 48.9% of GDP, as at 30 September 2024. FDI per capita in Lithuania amounted to an average of €12,973 (€12,017 as at 30 September 2023). The largest investors in Lithuania included Germany (€5.9 billion), the Netherlands (€5.2 billion), Estonia (€3.8 billion), Sweden (€3.5 billion) and Latvia (€2.3 billion). The largest share of FDI (€13.6 billion) was attracted by companies engaged in financial and insurance activities, recording a 7.4% increase in investment;
the flow of Lithuania’s DI abroad amounted to €45.5 million during the reporting period. It was driven by a rise in resident reinvestment and investment in equity instruments (€77.7 million and €19.3 million respectively). The largest investment flows were recorded for the Czech Republic (€24.4 million), Germany (€22.6 million) and the Netherlands (€20.7 million), whereas the largest negative flows were observed in Estonia (€15.3 million) and Ukraine (€13.1 million. In terms of economic activity, the investment flow in information and communication activities (€31.3 million) was the one to stand out, while companies engaged in transportation and storage activities recorded a decrease (€16.1 million);
DI income earned by Lithuanian investors abroad amounted to €105.2 million, with reinvestments accounting for the largest share (€77.7 million). Most income was earned from investment in Latvia (€45.9 million), Spain (€17.1 million) and Germany (€11.8 million), while in terms of economic activity, the bulk of income was earned from information and communication companies (€38.6 million);
as of 30 September 2024, Lithuania’s cumulative DI abroad amounted to €11.8 billion. Lithuania’s DI in the EU Member States accounted for 57.4%. Major directions of Lithuania’s DI abroad include the US and Latvia (37.8% and 17.3% of Lithuania’s total DI abroad respectively). The largest share of Lithuania’s cumulative DI abroad (50.4% or €5.9 billion) went to companies engaged in professional, scientific and technical activities.
Chart 1. FDI flow in Lithuania
Chart 2. Non-resident FDI income
Detailed data on DI is available on the website of Lietuvos bankas under External statistics.
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