Current Account in Lithuania

Lithuania Current Account | Economic News & Forecasts

Lithuania - Current Account

According to a flash estimate, GDP growth accelerated on an annual basis in the second quarter, reaching its fastest pace in nearly 10 years, amid more moderate lockdown restrictions throughout the period as well as a favorable base effect. Q2’s result came on the back of strong performances in the retail and industrial sectors: Retail sales averaged markedly higher in April–June compared to Q1 amid improved consumer sentiment on average, while industrial production growth surged at a record rate in the same period. Moreover, external activity gained traction in Q2, with merchandise exports growing at a significantly swifter pace than in the previous quarter. However, turning to Q3, tensions have continued to flare up at the border with Belarus, after Lithuania recently accused President Lukashenko of using migrants as leverage in a bid to force the EU to lift sanctions.

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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