Current account surplus decreased
Bank of Lithuania, Secure Nordic, project, Commission, SEB

Current account surplus decreased

January 14, 2020

Balance of Payments of the Republic of Lithuania November 2019 noted Current account surplus decreased

Today, the Bank of Lithuania published the balance of payments for November 2019, which shows that:

the current account balance (CAB) surplus contracted by more than 2 times, to €222.9  million. This was a result of the negative primary income and lower foreign trade balances (see Chart 1). The negative primary income balance formed due to the especially reduced flow of European Union (EU) subsidies to Lithuania. With export and import of goods dropping by 7.2% and 7.1% respectively, the deficit on the trade balance decreased 5.5%, to stand at €94.3 million. The balance of services increased by 4.2%, to stand at €317.5 million;

the surplus on the secondary income balance increased by 8.3% over the month. Transfers from EU support funds decreased by 28.6%, to stand at €30.2 million. Lithuania’s calculated contributions to the EU budget decreased by 2.7 times to amount to €11.6 million. Private individual remittances from abroad amounted to €91.7 million, narrowing by 2.2% on a month on month basis. Private individual remittances from Lithuania amounted to €33.6 million, a month-on-month decrease of 4.0%;

the positive net investment flow of the financial account (€437.7 million) was due to the positive other investment flows (see Chart 2).

Chart 1. CAB and its composite flows


Chart 2. Net financial account investment flows


Login To MyTis Comment Or Register to MyTIS

Notify of
Inline Feedbacks
View all comments


Register now to receive the latest news and information for global trading industry.

Latest Articles


LabCFTC to Host Fintech-Focused Virtual Event Series This Fall

Washington, D.C. — The Commodity Futures Trading Commission today announced that LabCFTC will present Empower Innovation 2020, a series of interactive virtual events throughout the fall. The three-part series will …

Would love your thoughts, please comment.x