Latvia's current account surplus decreased to EUR 22 million in November of 2019 from EUR 56 million in the same period of the previous year. The goods shortfall increased to EUR 167 million from EUR 133 million a year earlier while the secondary income surplus declined to EUR 6 from EUR 86 million. Meanwhile, the services surplus widened to EUR 200 million from EUR 186 million while the primary income gap fell to EUR 17 million from EUR 83 million.
Current Account in Latvia averaged -70.58 EUR Million from 2000 until 2019, reaching an all time high of 344 EUR Million in June of 2009 and a record low of -546 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. source: Bank of Latvia
Current Account in Latvia is expected to be -90.00 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 2020, according to our econometric models.