2012-06-20
An increase of deficits of foreign trade and income balance along with a decrease in the surplus of the balance of current transfers in Q1 2012 led to a deficit of the current account balance (CAD) of the domestic balance of payments of LTL 2.3 billion. A deficit in the current account balance of Q1 2012 exceeded the deficit of 2011 by LTL 670.1 million. A positive figure of the financial account balance of the balance of payments amounting to LTL 2.2 billion was generated by growing net foreign direct investment (FDI) and inflows of portfolio investment, as well as by decreasing official reserve assets, thus exceeding the net outflow of other investment.
The above data was released by the Statistics Department of the Bank of Lithuania.
For more information on the country’s Balance of Payments for Q1 2012 see the Bank of Lithuania’s Statistical Release (341.8 KB download icon). Comprehensive data is presented on the website of the Bank of Lithuania.