Latvia recorded a Current Account deficit of 49 EUR Million in November of 2022. source: Bank of Latvia

Current Account in Latvia averaged -71.67 EUR Million from 2000 until 2022, reaching an all time high of 343.00 EUR Million in June of 2009 and a record low of -546.00 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 February of 2023.

Current Account in Latvia is expected to be -120.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Latvia Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-12-14 11:00 AM Oct €-126M €-73M €98M
2023-01-13 11:00 AM Nov €-49M €-126M
2023-02-13 11:00 AM Dec €-49M € -140.0M

Related Last Previous Unit Reference
Balance of Trade -305.60 -565.14 EUR Million Nov 2022
Current Account -49.00 -126.00 EUR Million Nov 2022
Exports 1949.20 1815.49 EUR Million Nov 2022
Imports 2254.82 2380.63 EUR Million Nov 2022
External Debt 38358.00 38290.00 EUR Million Sep 2022
Capital Flows -168000.00 -209000.00 EUR THO Sep 2022

Latvia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-49.00 -126.00 343.00 -546.00 2000 - 2022 EUR Million Monthly

News Stream
Latvia Records Slight Current Account Surplus in September
Latvia recorded a current account surplus of EUR 3 million in September of 2022, nearing a perfect balance compared to the deficit of EUR 86 million in the corresponding period of the previous year. Still, it was the first surplus since December 2021. The net positive services account widened to EUR 199 million from EUR 122 million and the secondary account surplus rose to EUR 60 million from EUR 34 million, while the primary income deficit narrowed to 86 million from EUR 118 million. On the other hand, the goods account gap widened to EUR 169 million from EUR 124 million, as soaring energy costs drove import values to surge.
Latvia Current Account Deficit Widens in May
Latvia’s current account deficit widened to EUR 291 million in May of 2022 from EUR 174 million in the corresponding month of the previous year. The goods account gap widened to EUR 452 million from EUR 266 million and the secondary income surplus fell to EUR 6 million from EUR 33 million. At the same time, the services surplus edged down to EUR 129 million from EUR 130 million. Meanwhile, the primary income switched to surplus of EUR 27 million from EUR 71 million deficit.
Latvia’s Current Account Deficit at 15-Year High
Latvia’s current account deficit widened to EUR 377 million in March of 2022 from EUR 103 million in the corresponding month of the previous year, marking the largest gap since 2007. The goods account gap widened to EUR 439 million from EUR 194 million and the primary income gap rose to EUR 102 million from EUR 80 million. At the same time, the services surplus slightly narrowed to EUR 128 million from EUR 135 million. Meanwhile, the secondary income surplus remained constant at EUR 36 million.