Largest current account surplus in a decade
Balance of Payments of the Republic of Lithuania for Q4 2018
The balance of payments data for Q4 2018 released by the Bank of Lithuania show that the surplus on the current account balance increased nearly 1.5 times over the year, to amount to €748.4 million, or 6.2% of GDP. This was a result of the surplus balance on services, secondary and primary income, which offset the increase in the trade balance deficit. The positive net flow of financial account investment amounted to €894.1 million, or 7.5% of GDP. At the end of the quarter, Lithuania’s gross external debt stood at €35.4 billion, or 78.4% of GDP, its net debt – €6.7 billion, or 14.8% of GDP.
It should be noted that, when calculating the balance of payments data for Q4 2018, the data for Q1–Q3 2018 was revised.
For more information on the country’s balance of payments for Q4 2018 see the Bank of Lithuania’s Statistical Release (65.5 KB ). Detailed data for Q4 are available on the Bank of Lithuania website (under External statistics).