Latvia recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Latvia averaged -3.92 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 -20.60 percent of GDP in 2006. source: EUROSTAT
Current Account to GDP in Latvia is expected to reach -3.70 percent of GDP by the end of 2025, 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 -3.50 percent of GDP in 2026 and -3.30 percent of GDP in 2027, according to our econometric models.