Latvia Current Account to GDP

Latvia recorded a Current Account deficit of 1 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Latvia averaged -4.38 percent from 1992 until 2018, reaching an all time high of 11.90 percent in 1993 and a record low of -20.70 percent in 2006.

Current Account to GDP in Latvia is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Current Account to GDP is projected to trend around -2.30 percent in 2020, according to our econometric models.

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Latvia Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-225.90	-361.70	40.10	-557.20	EUR Million	[+]
Current Account	41.00	-13.00	343.00	-546.00	EUR Million	[+]
Current Account to GDP	-1.00	0.70	11.90	-20.70	percent	[+]
Imports	1208.78	1429.97	1547.79	52.50	EUR Million	[+]
Exports	982.94	1068.28	1213.62	53.10	EUR Million	[+]
External Debt	36107.00	35732.00	37824.00	825.57	EUR Million	[+]
Capital Flows	555000.00	-310000.00	1032590.00	-1383970.00	EUR THO	[+]
Gold Reserves	6.60	6.60	7.75	6.60	Tonnes	[+]
Terrorism Index	0.46	0.00	0.66	0.00		[+]
Foreign Direct Investment	1.00	79.00	314.00	-324.00	EUR Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

Latvia Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Latvia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-1.00	0.70	11.90	-20.70	1992 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%