Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

Growth remained vigorous in the second quarter according to a preliminary estimate. Upbeat domestic demand appears to have once again spearheaded the overall expansion, with tightening labor market conditions and growing wages likely to have boosted household consumption. Externally, merchandise export growth largely held up in Q2, despite rising headwinds amid softening demand conditions in the EU. Going into Q3, a deterioration in the economic sentiment indicator and a slip in consumer confidence in July suggest growth momentum softened at the outset of the quarter. In other news, on 13 August, Fitch Ratings upgraded the outlook for Lithuania’s credit rating from stable to positive, citing the government’s sound fiscal policy and financial performance. In a similar move, Moody’s changed the outlook to positive from stable on 23 August.

Lithuania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.8  3.6  -2.1  -0.7  0.8  

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Lithuania Current Account Chart


Lithuania Current Account
Note: Current account balance as % of GDP.
Source: Lithuania Central Bank and FocusEconomics calculations.

Lithuania Facts

ValueChangeDate
Bond Yield0.200.0 %Sep 04
Stock Market6880.45 %Sep 04

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Economic News

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    September 10, 2019

    Consumer prices fell 0.4% month-on-month in August, following a milder 0.3% drop in July, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that 5 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for housing and utilities, which more than offset higher prices for alcoholic beverages and tobacco.

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    August 30, 2019

    GDP increased 3.9% in year-on-year terms in the second quarter, according to detailed national accounts data released by Lithuania’s Statistical Institute on 30 August.

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    August 23, 2019

    Industrial production jumped 6.9% in July, recovering vigorously from June’s 1.0% year-on-year contraction.

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  • Lithuania: Inflation edges up in July

    August 9, 2019

    Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.

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  • Lithuania: Growth remains upbeat in Q2

    July 30, 2019

    Robust growth carried over into the second quarter of the year, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 July.

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