Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

Growth lost steam in the third quarter, as lower crop yields due to drought and weak external sector’s dynamics weighed on growth. Exports decelerated to a three-year low in Q3, largely on the back of a slowdown in the transport and logistics sector. Nevertheless, domestic demand metrics were more upbeat in Q3: Fixed investment remained elevated while private consumption growth ticked up amid moderating inflationary pressures and tight labor market conditions. Meanwhile, available data signals stronger growth in the fourth quarter. Industrial output soared in October, propped up by a rebound in manufacturing production. In addition, exports shot up in October while upbeat retail sales pointed to strong household consumption in the same month. In the political arena, the Lithuanian parliament approved the 2019 budget. This is despite the opposition’s concerns over the planned tax reform and growing social pressure amid ongoing nationwide strikes by teachers who are demanding public sector reform and higher salaries.

Lithuania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.8  3.4  -2.9  -1.2  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

Bond Yield1.250.0 %Jan 16
Stock Market6330.45 %Jan 16

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