Rapid growth in imports of goods led to an increase of current account deficit
Balance of Payments of the Republic of Lithuania May 2019
Today, the Bank of Lithuania published the balance of payments for May 2019, which shows that due to a significant increase in foreign trade deficit, the deficit on the current account balance widened, to amount to €200.9 million. More robust growth in imports of goods (10.7%) compared to exports of goods (2.4%) doubled the deficit on the trade balance, which ultimately stood at €437.8 million.
For more information on the country’s balance of payments for May 2019 is available in the statistical release (69 KB ) of the Bank of Lithuania. Comprehensive balance of payments data are also published on the Bank of Lithuania website.