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.

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Latvia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
77.00 147.00 343.50 -546.30 2000 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 10:00 AM Feb €307M €180M $ 220M
2020-05-14 10:00 AM Mar € -34M €267M € -90M
2020-06-15 10:00 AM Apr €147M €-30M € -75M
2020-07-14 10:00 AM May €77M €147M € -50M
2020-08-11 10:00 AM Jun €77M € -20M
2020-09-11 10:00 AM Jul
2020-10-12 10:00 AM Aug
2020-11-11 11:00 AM Sep € -150M


News Stream
Latvia Current Account Balance Swings to Surplus
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.
2020-07-14
Latvia Current Account Balance Shifts to Surplus
Latvia recorded a current account surplus of EUR 147 million in April of 2020 compared to a deficit of EUR 58 million in the corresponding month of the previous year. The goods deficit fell to EUR 71 million from EUR 236 million in April of 2019 while the services surplus decreased to EUR 162 million from EUR 218 million. Meantime, the primary income was in balance compared a deficit of EUR 56 million a year ago while the secondary income surplus rose to EUR 56 million from EUR 16 million.
2020-06-15
Latvia Current Account Deficit Rises in March
Latvia’s current account gap widened to EUR 34 million in March of 2020 from EUR 4 million in the corresponding month of the previous year. The goods deficit rose to EUR 213 million from EUR 152 million in March of 2019 and the services surplus narrowed to EUR 147 million from EUR 177 million. On the other hand, the primary income gap fell to EUR 2 million from EUR 46 million and the secondary income surplus advanced to EUR 34 million from EUR 17 million.
2020-05-14
Latvia Current Account Surplus Widens in February
Latvia’s current account surplus widened to EUR 307 million in February 2020 from EUR 191 million in the corresponding month of the previous year. The services surplus rose to EUR 196 million from EUR 181 million in February 2019; the primary income surplus advanced to EUR 206 million from EUR 176 million and the secondary income surplus went up to EUR 13 million from EUR 5 million. Also, the goods deficit narrowed to EUR 107 million from EUR 171 million a year earlier.
2020-04-14

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).