2018-03-30
Review of the Balance of Payments services exports and imports for Q4 2017
(Joint release by the Bank of Lithuania and Statistics Lithuania)
The Bank of Lithuania and Statistics Lithuania are publishing the indicators of exports and imports of services for Q4 2017, broken down by country and type of service. They show that in Q4 2017 exports of services amounted to €2.3 billion, imports – €1.5 billion, while the balance of services – €814.1 million, or 7.4% of GDP. In Q4 2017, the surplus on the balance of services increased by €238.2 million, or 41.4% year on year; this was due to growth in exports of services which outpaced growth in imports of services – 26.8% and 19.9% respectively. During the quarter, year on year, the strongest growth was recorded in exports of telecommunications as well as computer and information services (63.5%) and imports of construction services (2.5 times).
It should be noted that, when calculating the services data for Q4 2017, the data for Q1–Q3 2017 was revised.
For more information on the exports and imports of services for Q4 2017, see the Bank of Lithuania’s Statistical Release (197 KB download icon). Detailed data for Q4 is available on the Bank of Lithuania website (under External Statistics).