Latvia recorded a current account surplus of EUR 77 million in May of 2020 compared to a deficit of EUR 22 million in the corresponding month of the previous year. The primary income account posted a EUR 27 million surplus, switching from a EUR 27 million gap a year earlier; and the goods deficit narrowed to EUR 111 million from EUR 238 million. Meantime, the services surplus fell to EUR 149 million from EUR 219 million and the secondary income surplus dropped to EUR 12 million from EUR 23 million.
Current Account in Latvia averaged -66.66 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 August of 2020. source: Bank of Latvia
Current Account in Latvia is expected to be -150.00 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 50.00 in 12 months time. In the long-term, the Latvia Current Account is projected to trend around 30.00 EUR Million in 2021, according to our econometric models.