Latvia Current Account to GDP  1992-2016 | Data | Chart | Calendar

Latvia is expected to record a current account deficit equivalent to 1.9 percent of GDP in 2015, according to European Commission's Winter 2016 Economic Forecast. Current Account to GDP in Latvia averaged -5.16 percent from 1992 until 2014, reaching an all time high of 11.90 percent in 1993 and a record low of -20.70 percent in 2006. Current Account to GDP in Latvia is reported by the Eurostat.

Latvia Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -2.30 11.90 -20.70 1992 - 2015 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. Latvia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -155.50 -124.70 40.10 -557.10 EUR Million [+]
Exports 817.02 935.30 1061.70 53.10 EUR Million [+]
Imports 972.45 1060.00 1227.00 52.50 EUR Million [+]
Current Account 27.08 24.93 348.10 -546.30 EUR Million [+]
Current Account to GDP -1.90 -2.30 11.90 -20.70 percent [+]
External Debt 34970.31 34582.40 35496.12 825.57 EUR Million [+]
Capital Flows 4970.00 400830.00 1035230.00 -1395300.00 EUR THO [+]
Gold Reserves 6.62 6.62 7.75 6.62 Tonnes [+]
Foreign Direct Investment 120.15 49.88 267.87 -190.50 EUR Million [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]




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Portugal 0.70 Dec/15
Japan 0.50 Dec/14
Iran 0.41 Dec/15
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Eritrea 0.17 Dec/14
Lithuania 0.10 Dec/14
Bulgaria 0.00 Dec/14
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Zambia 0.00 Dec/14
Poland -0.20 Dec/15
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France -1.40 Dec/15
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Latvia -1.90 Dec/15
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Australia -2.80 Dec/14
Dominican Republic -3.10 Dec/14
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Ivory Coast -3.10 Dec/14
Colombia -3.30 Dec/14
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Brazil -3.32 Dec/15
Lesotho -3.40 Dec/14
Ukraine -3.50 Dec/14
Peru -4.10 Dec/14
Cameroon -4.20 Dec/14
Turkmenistan -4.40 Dec/14
Turkey -4.50 Dec/15
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South Africa -5.40 Dec/14
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Ethiopia -7.09 Dec/14
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Equatorial Guinea -8.10 Dec/14
Mongolia -8.16 Dec/14
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Congo -8.40 Dec/14
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Fiji -8.70 Dec/14
Panama -8.90 Dec/14
Senegal -9.30 Dec/14
Maldives -9.60 Dec/14
Georgia -9.70 Dec/14
Ghana -9.93 Dec/14
Kenya -10.40 Dec/14
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Gambia -10.65 Dec/14
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Rwanda -11.80 Dec/14
Central African Republic -11.84 Dec/14
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Comoros -12.90 Dec/14
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Bahamas -14.20 Dec/14
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Sao Tome and Principe -17.00 Dec/14
Guinea -17.10 Dec/14
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