Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

The opposition Homeland Union party (the Conservatives) claimed the victory in the country’s general election after winning the first round on 11 October and solidifying their position in the second round on 25 October. The Conservatives are seen forming a center-right coalition with two liberal parties—the Freedom Party and the Liberal Movement—thus cementing a majority in the 141-seat parliament. The Conservatives’ solid economic credentials and the need for coalition-building with liberal parties bode well for business conditions and should ensure the continuity of economic and social policies. Meanwhile, the economic backdrop seemed to improve notably in Q3. Industrial output expanded in the quarter for the first time this year as companies ramped up capacity amid improving economic sentiment. Moreover, retail sales soared in July–August, hinting at recovering consumer demand in Q3.

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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