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. This page provides - Latvia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Latvia is expected to be -1.30 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 -1.40 percent in 2020, according to our econometric models.

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Latvia Current Account to GDP

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

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.

Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -114.80 -139.90 40.10 -557.20 EUR Million [+]
Current Account 22.00 14.00 344.00 -546.00 EUR Million [+]
Current Account to GDP -1.00 0.70 11.90 -20.70 percent [+]
Imports 1250.10 1350.10 1547.79 52.50 EUR Million [+]
Exports 1135.30 1210.20 1213.62 53.10 EUR Million [+]
External Debt 35936.00 35152.00 37824.00 825.57 EUR Million [+]
Capital Flows -520000.00 928000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.62 6.62 7.75 6.60 Tonnes [+]
Terrorism Index 0.23 0.46 0.66 0.00 [+]
Tourist Arrivals 119345.00 144907.00 269702.00 71934.00 Units [+]
Foreign Direct Investment 154.00 121.00 315.00 -322.00 EUR Million [+]