Exports of services as a part of balance of payment reached 9.52 USD bil in 2017 in Lithuania, according to the National Statistical Office. This is 25.7 % more than in the previous year.
Historically, exports of services as a part of balance of payment in Lithuania reached an all time high of 9.52 USD bil in 2017 and an all time low of 0.198 USD bil in 1993. When compared to Lithuania's main peers, exports of services as a part of balance of payment in Belarus amounted to 7.84 USD bil, 6.85 USD bil in Estonia, 5.53 USD bil in Latvia and 57.7 USD bil in Russia in 2017.
Lithuania has been ranked 60th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 5 places above the position seen 10 years ago.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
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