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. source: Bank of Latvia

Current Account in Latvia averaged -64.55 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 September of 2021.

Current Account in Latvia is expected to be 50.00 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

Actual Previous Highest Lowest Dates Unit Frequency
-175.00 -224.00 343.50 -546.30 2000 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 10:00 AM Apr €-17M €-66M
2021-07-14 10:00 AM May €-55M €-17M
2021-08-13 10:00 AM Jun €-231M €-164M
2021-09-13 10:00 AM Jul €-175M €-224M
2021-10-12 10:00 AM Aug €-175M
2021-11-11 11:00 AM Sep
2021-12-14 11:00 AM Oct


News Stream
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 Current Account Surplus Rises in January
Latvia’s current account surplus widened to EUR 90 million in January of 2021 from EUR 63 million in the corresponding month of the previous year. The primary income account posted a surplus of EUR 29 million, switching from a EUR 8 million deficit; and the goods gap narrowed to EUR 81 million from EUR 112 million. Meantime, the services surplus fell to EUR 145 million from EUR 172 million and the secondary income account recorded a deficit of EUR 2 million, compared to a EUR 12 million surplus a year earlier.
2021-03-12
Latvia Posts Largest Current Account Surplus in Nearly 12 Years
Latvia recorded a current account surplus of EUR 266 million in December of 2020 compared to a deficit of EUR 81 million in the same month of the previous year. It was the largest current account surplus since June of 2009, as the goods gap narrowed to EUR 93 million from EUR 255 million a year ago; while the services surplus fell to EUR 148 million from EUR 202 million. Meantime, the primary income surplus surged to EUR 164 million from EUR 95 million, aligned with the increase in secondary income to EUR 46 million from EUR 39 million. Considering 2020 as a whole, the country’s current account surplus amounted to EUR 842 million, from a deficit of EUR 195 million in 2019.
2021-02-12

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).