Latvia Current Account to GDP

Latvia recorded a Current Account deficit of 2.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Latvia is reported by the Eurostat. From 1992 until 2012, Latvia Current Account to GDP averaged -5.8 Percent reaching an all time high of 11.9 Percent in December of 1993 and a record low of -22.5 Percent in December of 2006. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.50 -2.40 11.90 -22.50 -2.80 | 2013/12 1992 - 2012 Percent Yearly

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Latvia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -145.80 2014-02-15 -179.10 40.10 -557.10 -140.59 2014-03-31 EUR Million [+]
Current Account -39969.00 2014-01-31 -10463.00 249743.00 -383920.00 809.93 2014-02-28 LVL Thousand [+]
Capital Flows 64013.00 2013-11-15 268123.00 1021752.00 -547362.00 201453.25 2014-03-31 LVL THO [+]
Exports 797.10 2014-02-15 738.40 993.60 53.10 843.30 2014-03-31 EUR Million [+]
External Debt 30436.68 2013-12-31 21664.42 30436.68 825.57 29004.30 2014-03-31 LVL Million [+]
Imports 942.90 2014-02-15 917.50 1227.00 52.50 1041.61 2014-03-31 EUR Million [+]
Current Account to GDP -2.50 2012-12-31 -2.40 11.90 -22.50 -2.80 2013-12-31 Percent [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


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Latvia Employed Persons at 900.00 Thousand  
The number of employed persons in Latvia decreased to 900 Thousand in the fourth quarter of 2013 from 906 Thousand in the third quarter of 2013. Employed Persons in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Exports at 797.10 EUR Million  
Exports in Latvia increased to 797.10 EUR Million in February of 2014 from 738.40 EUR Million in January of 2014. Exports in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Export Prices at 117.20 Index Points  
Export Prices in Latvia remained unchanged at 117.20 Index Points in the fourth quarter of 2013 from 117.20 Index Points in the third quarter of 2013. Export Prices in Latvia is reported by the Central Statistical Bureau of Latvia.
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Latvia GDP Deflator at 1.12 Index Points  
GDP Deflator in Latvia remained unchanged at 1.12 Index Points in the fourth quarter of 2013 from 1.12 Index Points in the third quarter of 2013. GDP Deflator in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Government Budget Value at -21.50 LVL Million  
Latvia recorded a government budget deficit of 21.50 LVL Million in February of 2014. Government Budget Value in Latvia is reported by the Treasury of the Republic of Latvia.
Latvia Government Spending at 1024905.00 LVL Million  
Government Spending in Latvia increased to 1024905 LVL Million in the fourth quarter of 2013 from 805366 LVL Million in the third quarter of 2013. Government Spending in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Gross Fixed Capital Formation at 1230335.00 LVL THO  
Gross Fixed Capital Formation in Latvia decreased to 1230335 LVL THO in the fourth quarter of 2013 from 1346304 LVL THO in the third quarter of 2013. Gross Fixed Capital Formation in Latvia is reported by the Central Statistical Bureau Of Latvia.
Latvia Gross National Product at 6316.00 LVL Million  
Gross National Product in Latvia increased to 6316 LVL Million in the fourth quarter of 2013 from 6013 LVL Million in the third quarter of 2013. Gross National Product in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Harmonised Consumer Prices at 147.28 Index Points  
Harmonised Consumer Prices in Latvia decreased to 147.28 Index Points in February of 2014 from 147.30 Index Points in January of 2014. Harmonised Consumer Prices in Latvia is reported by the Eurostat.
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