Banks, Financial Services, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 23:54

Lithuania's current account deficit stood at EUR 518 mln in Q2

BC, Vilnius, 22.09.2015.Print version
The surplus balances of services and secondary income in the second quarter of 2015 did not offset the increasing foreign trade and primary income balances deficits; thus, a current account deficit of EUR 517.8 million built up. The current account deficit for the first half year amounted to EUR 872.9 million, informs LETA/ELTA.

The positive balance of payments financial account balance of EUR 206.8 million was a result of liabilities decreasing more than requirements to non-residents, the Bank of Lithuania said.

 

At the end of the second quarter of 2015, the international investment position was negative (EUR 17.5 billion) and showed that Lithuania was a debtor vis-a-vis the rest of the world. The gross debt in this period amounted to EUR 28.5 billion, or 78% of GDP, while the net debt – EUR 11.3 billion, or 31% of GDP.

 

It should be noted that in drawing up the balance of payments for the second quarter of 2015 the balance of payments data for the quarters of 2014 and for the first quarter of 2015 was recalculated, the historical data for the quarters of 2004-2013 – revised.





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