Latvia Current Account to GDP
Latvia recorded a Current Account deficit of 0.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Latvia averaged -5.60 Percent from 1992 until 2013, reaching an all time high of 11.90 Percent in 1993 and a record low of -22.50 Percent in 2006. Current Account to GDP in Latvia is reported by the Eurostat.
||1992 - 2013
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Latvia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.