Growth in exports of services has remained robust
Review of the Balance of Payments services exports and imports for Q3 2018
(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 Q3 2018, broken down by country and type of service. The data shows that in Q3 2018 exports of services amounted to €2.7 billion, imports of services – €1.5 billion, while the surplus on the balance of services accounted for €1.1 billion or 9.5% of GDP. In Q3 2018, the surplus on the balance of services increased by €236.2 million, or 26.2% year on year; this was due to growth in exports of services which outpaced growth in import of services – 20.2% and 16.1% respectively. During the quarter, year on year, the strongest growth was recorded in exports of financial services (33.2%) and imports of construction services (3.8 times).
For more information on the exports and imports of services for Q3 2018, see the Bank of Lithuania’s Statistical Release (135.2 KB ). Detailed data for Q3 is available on the Bank of Lithuania website (under External Statistics).