Increase in imports of goods led to current account deficit
Balance of Payments of the Republic of Lithuania February 2019
Today, the Bank of Lithuania published the balance of payments data for February 2019, which shows that the build-up of the €92.5 million deficit on the current account balance was driven by the negative balances of foreign trade and primary income, which were not offset by the positive balances of services and secondary income. Due to a significant increase in imports of goods (6.2%) and a decrease in exports (1.3%), the trade deficit balance increased 3.4 times and amounted to €241.8 million.
For more information on the country’s balance of payments for February 2019 is available in the statistical release (68.6 KB ) of the Bank of Lithuania. Comprehensive balance of payments data are also published on the Bank of Lithuania website.