Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

Severe fallout from Covid-19 seems to have dealt a heavy blow to the economy in the second quarter, after growth plunged to a three-and-a-half year low in the first quarter. Industrial production plunged in April–May, largely reflecting constraining effects of lockdown measures on the all-important manufacturing sector. Similarly, retail sales sank in April, weighed on by the closure of some non-essential businesses and as households put off spending amid lingering uncertainty. Externally, the panorama was similarly grim: Merchandise exports nosedived in April due to eviscerated foreign demand and global supply chain disruptions. That said, private sector activity seems to have bottomed out in May, with retail sales and economic sentiment pulling away from April’s multiyear lows amid easing of lockdown restrictions. Moreover, consumer confidence improved notably in June, as the country partly reopened its borders and further eased social-distancing measures in a boost to the services sector.

Lithuania - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-2.4  -1.2  0.4  0.4  4.4  

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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

Value Change Date
Bond Yield0.430.0 %Dec 30

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