Latvia Current Account Gap Smallest in 20 Years

2025-12-15 09:50 By Joshua Ferrer 1 min. read

Latvia recorded a current account deficit of EUR 23 million in October 2025, narrowing from EUR 77 million in the corresponding month of the previous year.

This marked the smallest deficit since February last year, driven by primary income, which posted a surplus of EUR 97 million, shifting from a shortfall of EUR 49 million a year ago.

Additionally, the surplus in the secondary income account widened to EUR 55 million from EUR 27 million.

On the other hand, the goods account gap expanded to EUR 326 million from EUR 253 million, while the services account surplus declined to EUR 152 million from EUR 198 million.



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Latvia recorded a current account deficit of EUR 23 million in October 2025, narrowing from EUR 77 million in the corresponding month of the previous year. This marked the smallest deficit since February last year, driven by primary income, which posted a surplus of EUR 97 million, shifting from a shortfall of EUR 49 million a year ago. Additionally, the surplus in the secondary income account widened to EUR 55 million from EUR 27 million. On the other hand, the goods account gap expanded to EUR 326 million from EUR 253 million, while the services account surplus declined to EUR 152 million from EUR 198 million.
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