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International Internet Magazine. Baltic States news & analytics Saturday, 27.04.2024, 05:45

Lithuania's current account balance was in deficit in November

BC, Vilnius, 14.01.2015.Print version
In November 2014, the build-up of the current account balance (CAB) in deficit (EUR –280.9 million, or LTL –969.8 million) was driven by a significant increase in the trade balance deficit and decreased negative primary income balance, the Bank of Lithuania said, cites LETA/ELTA.

The positive financial account balance (EUR 294.4 million, or LTL 1 billion) was due to the although decreased, but still positive net flow of other investments, and the positive flow of net portfolio investment.

 

In November 2014 the CAB deficit recorded in the country's balance of payments amounted to EUR 280.9 million (LTL 969.8 million). The build-up of the deficit was driven by the negative primary income balance deficit, which amounted to EUR 106.7 million (LTL 368.5 million) and the greatly increased negative trade balance (EUR 315.1 million or LTL 1.1 billion).

 

According to preliminary estimates, in January-November 2014 the CAB deficit amounted to EUR 174.3 million (LTL 602 million), while in the same period in 2013 – in surplus, amounting to EUR 466.5 million (LTL 1.6 billion).






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