Latvia recorded a Current Account deficit of 1.60 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Latvia averaged -4.04 percent of GDP from 1992 until 2024, reaching an all time high of 11.90 percent of GDP in 1993 and a record low of -21.70 percent of GDP in 2006. source: EUROSTAT
Current Account to GDP in Latvia is expected to reach -3.30 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Current Account to GDP is projected to trend around -4.20 percent of GDP in 2027 and -4.30 percent of GDP in 2028, according to our econometric models.