Latvia’s current account deficit widened to EUR 377 million in March of 2022 from EUR 103 million in the corresponding month of the previous year, marking the largest gap since 2007. The goods account gap widened to EUR 439 million from EUR 194 million and the primary income gap rose to EUR 102 million from EUR 80 million. At the same time, the services surplus slightly narrowed to EUR 128 million from EUR 135 million. Meanwhile, the secondary income surplus remained constant at EUR 36 million. source: Bank of Latvia

Current Account in Latvia averaged -64.88 EUR Million from 2000 until 2022, 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 May of 2022.

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 2023, according to our econometric models.

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Latvia Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-04-13 10:00 AM Feb €-6M €1M €-10M
2022-05-13 10:00 AM Mar €-377M €-103M €-35M
2022-06-10 10:00 AM Apr €-377M €-280M


Related Last Previous Unit Reference
Current Account -377.00 -103.00 EUR Million Mar 2022
External Debt 36816.00 37644.00 EUR Million Dec 2021
Capital Flows 361000.00 -319000.00 EUR THO Dec 2021

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).
Actual Previous Highest Lowest Dates Unit Frequency
-377.00 -103.00 343.50 -546.30 2000 - 2022 EUR Million Monthly

News Stream
Latvia’s Current Account Deficit at 15-Year High
Latvia’s current account deficit widened to EUR 377 million in March of 2022 from EUR 103 million in the corresponding month of the previous year, marking the largest gap since 2007. The goods account gap widened to EUR 439 million from EUR 194 million and the primary income gap rose to EUR 102 million from EUR 80 million. At the same time, the services surplus slightly narrowed to EUR 128 million from EUR 135 million. Meanwhile, the secondary income surplus remained constant at EUR 36 million.
2022-05-13
Latvia’s Current Account Surplus Narrows in December
Latvia’s current account surplus shrank to EUR 183 million in December of 2021 from EUR 310 million in the corresponding month of the previous year. The primary income surplus narrowed to EUR 89 million from EUR 187 million and the secondary income surplus decreased to EUR 39 million from EUR 46 million. At the same time, the services account surplus expanded to EUR 200 million from EUR 154 million, while the goods account gap widened to EUR 146 million from EUR 77 million.
2022-02-11
Latvia’s Current Account Surplus Narrows in November
Latvia’s current account surplus narrowed to EUR 5 million in November of 2021 from EUR 114 million in the corresponding month of the previous year. The primary income deficit expanded to EUR 144 million from EUR 2 million, while the secondary income surplus widened to EUR 39 million from EUR 26 million. At the same time, the services account surplus narrowed to EUR 131 million from EUR 156 million, while the goods account gap shrank to EUR 21 million from EUR 66 million.
2022-01-13