Current Account in Latvia

Latvia Current Account | Economic News & Forecasts

Latvia - Current Account

The economy gained steam in the third quarter, amid a broad-based acceleration, although the pace of expansion remained well below the average levels seen in 2017–2018. Private spending picked up in Q3, supported by rising household purchasing power and a tighter labor market, which, coupled with healthier investment activity growth, underpinned an upturn in domestic demand in the quarter. On the external front, exports rebounded decisively in Q3, while imports faltered. The current account improved as result, thus buoying growth further. Turning to the fourth quarter, private sector activity seems to have softened: The economic sentiment indicator deteriorated in October–November, industrial output growth more than halved in October and merchandise exports came to a near halt in the same month.

Latvia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.7  -1.7  -0.5  1.6  0.7  

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Latvia Current Account Chart

Latvia Current Account
Note: Current account balance as % of GDP.
Source: Bank of Latvia and FocusEconomics calculations.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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