Latvia’s current account switched to a deficit of EUR 28 million in August of 2021 from a EUR 1 million surplus in the corresponding month of the previous year. The goods account deficit widened to EUR 249 million from EUR 144 million; the services surplus was virtually unchanged at EUR 146 million from 147 million, and the secondary income surplus eased to EUR 39 million from EUR 63 million. On the other hand, the primary income account recorded a surplus of EUR 36 million from a deficit of EUR 64 million. source: Bank of Latvia

Current Account in Latvia averaged -64.83 EUR Million from 2000 until 2021, 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 October of 2021.

Current Account in Latvia is expected to be 30.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Current Account is projected to trend around 30.00 EUR Million in 2022, according to our econometric models.

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Latvia Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-09-13 10:00 AM Jul €-175M €-224M
2021-10-14 10:00 AM Aug €-28M €-175M
2021-11-12 11:00 AM Sep €-28M


News Stream
Latvia Current Account Switches to Deficit in August
Latvia’s current account switched to a deficit of EUR 28 million in August of 2021 from a EUR 1 million surplus in the corresponding month of the previous year. The goods account deficit widened to EUR 249 million from EUR 144 million; the services surplus was virtually unchanged at EUR 146 million from 147 million, and the secondary income surplus eased to EUR 39 million from EUR 63 million. On the other hand, the primary income account recorded a surplus of EUR 36 million from a deficit of EUR 64 million.
2021-10-14
Latvia Current Account Gap Widens in July
Latvia’s current account deficit widened to EUR 175 million in July of 2021 from EUR 152 million in the corresponding month of the previous year. The goods account deficit increased to EUR 380 million from EUR 284 million; the services surplus fell to EUR 124 million from 152 million; and the secondary income surplus eased to EUR 53 million from EUR 59 million. On the other hand, the primary income account recorded a surplus of EUR 26 million from a deficit of EUR 78 million, the first surplus since December of 2020.
2021-09-13
Latvia Current Account Gap Widens in March
Latvia’s current account deficit widened to EUR 66 million in March of 2021 from EUR 61 million in the corresponding month of the previous year. The primary income gap expanded to EUR 68 million from EUR 14 million, while the secondary income surplus shrank to EUR 36 million from EUR 48 million. In addition, the services surplus fell to EUR 134 million from EUR 148 milion, which was partially offset by a reduction in the good account deficit to EUR 167 million from EUR 243 million.
2021-05-14

Latvia Last Unit Reference Previous Highest Lowest
Current Account -28.00 EUR Million Aug/21 -175.00 343.50 -546.30
External Debt 36260.00 EUR Million Jun/21 36190.00 37824.00 825.57
Capital Flows -172000.00 EUR THO Jun/21 11000.00 1032590.00 -1383970.00


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).