Latvia Current Account

Latvia recorded a current account deficit of €86 million in November 2025, compared with a €46 million trade surplus in the same month a year earlier, marking the largest shortfall in four months. The deterioration was largely driven by the goods account deficit, which widened to €381 million from €159 million, while the services account surplus fell to €164 million from €241 million. On the income side, the primary income account rebounded to a €36 million surplus, reversing a €95 million deficit a year ago. The secondary income account also saw its surplus expand, rising to €95 million from €59 million.