The Bank of Lithuania published Lithuania’s balance of payments for November 2024, showing the current account balance (CAB) moved from a surplus in October to a EUR 5.0 million deficit. The shift was mainly driven by the primary income balance turning from surplus to deficit and a sharp fall in the services surplus. The surplus on services dropped 36.5% to EUR 484.5 million as exports of services fell 13.9% while imports rose 3.1%. The foreign trade deficit narrowed 9.2% to EUR 385.6 million, alongside declines in exports and imports of goods of 4.3% and 4.9% respectively. The primary income balance recorded a EUR 132.6 million deficit, mainly due to reduced European Union subsidies, while the secondary income balance showed a EUR 28.7 million surplus; transfers from EU support funds decreased 9.6% to EUR 66.9 million and Lithuania’s calculated contributions to the EU budget were unchanged at EUR 44.4 million. Net financial account investment was negative at EUR 14.6 million, reflecting negative net flows of direct investment (EUR 109.9 million) and other investment (EUR 83.1 million). Detailed November data are available via the Bank of Lithuania’s external statistics portal, including through its My Data Sets tool for automatically updated custom data sets.
Bank of Lithuania 2025-01-13
Bank of Lithuania reports Lithuania’s current account swung to a EUR 5.0 million deficit in November 2024
The Bank of Lithuania reported a EUR 5.0 million deficit in Lithuania's balance of payments for November 2024, transitioning from a surplus in October. This change was primarily due to a deficit in the primary income balance and a significant drop in the services surplus. The foreign trade deficit narrowed, while net financial account investment was negative, driven by negative net flows in direct and other investments.