Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

Economic growth moderated in Q1 due to weaker performances in the industrial, wholesale and retail trade sectors. Although more comprehensive data is yet to be released, available data for the quarter hints at subdued consumer spending. The unemployment rate remained elevated in Q1, while consumer sentiment tumbled to its lowest level since the outbreak of the Covid-19 pandemic in March. Moreover, inflation hit never-before-seen levels in March, and only worsened at the outset of Q2, when price pressures hit a fresh record high. In addition, industrial output moderated markedly in April, as sanctions against Belarus—a major trading partner—took hold. Lastly, the European Commission’s recent 2022 Country Report noted that Lithuania should push forward reforms in the energy sector in order to offset rising energy costs and reduce its increasing carbon footprint.

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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