Latvia Current Account Gap Widens in April

Latvia’s current account deficit widened to EUR 84 million in April 2026, compared with EUR 63 million in the corresponding month of the previous year. The goods account deficit expanded to EUR 357 million from EUR 330 million. At the same time, the secondary income surplus moderated sharply to EUR 75 million from EUR 124 million. On the other hand, the services account surplus increased to EUR 174 million from EUR 162 million, while the primary income account shifted to a EUR 23 million surplus from a EUR 20 million deficit a year earlier.

Latvia’s recorded a current account deficit widened to EUR 214 million in March 2026, compared with EUR 189 million deficit in the same month of the previous year. The goods account shortfall expanded to EUR 360 million from EUR 318 million a year earlier, while the primary income account deficit widened to EUR 107 million from EUR 32 million. On the other hand, the services account surplus increased to EUR 171 million from EUR 86 million and the secondary account surplus grew to EUR 82 million from EUR 75 million.

Latvia recorded a current account deficit of EUR 23 million in February 2026, shifting from a surplus of EUR 3 million in the same month a year earlier, though the gap was the smallest since February 2024. The deterioration was mainly driven by the goods account, where the deficit widened sharply to EUR 288 million from EUR 112 million a year earlier. In contrast, the services account surplus increased to EUR 152 million from EUR 124 million. The primary income balance also improved, swinging to a surplus of EUR 41 million from a deficit of EUR 53 million, while the secondary income surplus grew to EUR 72 million from EUR 44 million.