Financial accounts of Lithuania for the third quarter of 2010

  10 January 2011   FINANCIAL ACCOUNTS OF LITHUANIA FOR THE THIRD QUARTER OF 2010   At the end of the third quarter of 2010, Lithuania’s financial assets totalled LTL 316.5 billion, and its annual growth rates 1 annual growth rate was 0.7 per cent (in the corresponding quarter of 2009 it dropped to -3.3%; see Fig. 1). The major investment positions of financial assets were loans (27%), shares (25%), deposits (19%), and debt securities (10%). These proportions remained almost 2010. At the end of the third quarter, Lithuania’s liabilities totalled LTL 379.2 billion, and their annual growth rate was -0.8 per cent. In the same quarter of 2009, the annual growth rate was -2.9 per cent (see Fig. 2). Loans and debt securities accounted for one third (34%) of total liabilities. In the third quarter of 2010, the ratio of loans and debt securities to financial assets made up 41 per cent. This indicator remained broadly unchanged                                                       1 Annual growth rate is calculated by taking the difference between end quarters outstanding amounts and then removing the effects of revaluation adjustments, exchange rate adjustments, as well as other changes in volume .     Fig. 1. Financial assets of Lithuania (Annual growth rate)      -20 0 20 40 60 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 (Annual growth rate)      -20 0 20 40 60 80 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Percentages Total economy Non-financial corporations Financial corporations General governmenti Households 2007 2009 20102 20082                    2     in recent years, except for the government sector, where the named ratio grew up to 104 per cent at the end of the third quarter (see Fig. 3). The rest of the world sector (non-residents) plays an important role in Lithuania’s e