The deficit on the current account balance flips back to surplus
Balance of Payments of the Republic of Lithuania October 2018
Today, the Bank of Lithuania published the balance of payments data for October 2018, which shows that the €201.0 million surplus on the current account balance resulted from the increased positive balances of services and primary and secondary income that were not offset by the negative foreign trade balance. The surplus on the primary income balance was driven by the EU subsidies for agriculture. With export and import of goods growing 20.1% and 19.4% respectively, the deficit on the trade balance increased 14.1%, to stand at €309.4 million.
For more information on the country’s balance of payments for October 2018 is available in the statistical release (81.6 KB ) of the Bank of Lithuania. Comprehensive balance of payments data are also published on the Bank of Lithuania website.