Latvia Current Account Deficit Narrows in September

Latvia recorded a current account deficit of EUR 193 million in September 2026, narrowing from EUR 319 million in August, marking an improvement in the country's external balance. The improvement was primarily driven by a significant increase in the secondary income surplus, which rose to EUR 116 million from EUR 6 million in the previous month. Meanwhile, the primary income deficit narrowed to EUR 86 million from EUR 109 million. The goods account deficit also narrowed slightly to EUR 403 million from EUR 426 million, while the services surplus decreased to EUR 181 million from EUR 211 million.

Latvia recorded a current account deficit of EUR 107 million in August 2026, narrowing from a deficit of EUR 118 million in the corresponding month of the previous year, marking the smallest current account gap since February. The primary income balance improved, shifting to a surplus of EUR 25 million from a deficit of EUR 57 million in August 2025, while the secondary income surplus also increased to EUR 77 million from EUR 31 million. Meanwhile, the goods account deficit widened to EUR 410 million from EUR 298 million, while the services account surplus decreased slightly to EUR 201 million from EUR 207 million a year earlier.

Latvia's current account deficit narrrowed to €155 million in July 2026, compared with €327 million in the same period last year. The goods account deficit narrowed to EUR 490 million as export growth (15.4%) outpaced imports (9.9%). The primary income account swung to a surplus of EUR 42 million, compared with a deficit of EUR 40 million a year earlier, while the secondary income surplus more than doubled to EUR 108 million. In contrast, the services account narrowed to EUR 184 million.