Latvia recorded a current account surplus of EUR 266 million in December of 2020 compared to a deficit of EUR 81 million in the same month of the previous year. It was the largest current account surplus since June of 2009, as the goods gap narrowed to EUR 93 million from EUR 255 million a year ago; while the services surplus fell to EUR 148 million from EUR 202 million. Meantime, the primary income surplus surged to EUR 164 million from EUR 95 million, aligned with the increase in secondary income to EUR 46 million from EUR 39 million. Considering 2020 as a whole, the country’s current account surplus amounted to EUR 842 million, from a deficit of EUR 195 million in 2019. source: Bank of Latvia
Current Account in Latvia averaged -63.41 EUR Million from 2000 until 2020, reaching an all time high of 343.50 EUR Million in June of 2009 and a record low of -546.30 EUR Million in July of 2007. This page provides the latest reported value for - Latvia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Current Account in Latvia is expected to be 50.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Latvia to stand at 30.00 in 12 months time. In the long-term, the Latvia Current Account is projected to trend around 30.00 EUR Million in 2022, according to our econometric models.