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.

   
 
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Latvia Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -2.50 11.90 -22.50 1992 - 2013 Percent Yearly
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.

Trade Last Previous Highest Lowest Unit
Balance of Trade -179.00 -201.18 40.10 -557.10 EUR Million [+]
Exports 809.40 839.60 993.60 53.10 EUR Million [+]
Imports 988.40 1040.70 1227.00 52.50 EUR Million [+]
Current Account -51.70 21.90 355.40 -546.30 EUR Million [+]
Current Account to GDP -0.80 -2.50 11.90 -22.50 Percent [+]
External Debt 30291.01 30436.68 30436.68 825.57 LVL Million [+]
Capital Flows -136870.00 63960.00 1021752.00 -547362.00 LVL THO [+]
Gold Reserves 6.62 7.74 7.75 6.62 Tonnes [+]





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