Letonia - Cuenta corriente

Latvia recorded a current account surplus of EUR 13 million in October 2019 compared to a deficit of EUR 118 million in the same month of the previous year. It was the first monthly current account surplus since February, as the services surplus rose to EUR 236 million from EUR 196 million in October 2018 and the goods gap fell to EUR 197 million from EUR 250 million. Meantime, the primary income deficit decreased to EUR 70 million from EUR 87 million a year earlier and the secondary income surplus rose to EUR 44 million from EUR 24 million.

The current account gap in Latvia narrowed to EUR 86 million in September 2019 from EUR 173 million in the corresponding month of the previous year. The goods deficit fell to EUR 247 million from EUR 287 million in September 2018 and the primary income shortfall went down to EUR 70 million from EUR 86 million. In addition, the services surplus rose to EUR 234 million from EUR 182 million while the secondary income account switched to a EUR 2 million deficit from a EUR 19 million surplus.

The current account balance in Latvia shifted to a EUR 53 million surplus in August 2019 from a EUR 156 million deficit in the corresponding month of the previous year. The goods gap narrowed to EUR 186 million from EUR 319 million a year earlier and the services surplus widened to EUR 224 million from EUR 209 million. Additionally, the primary income balance swung to a EUR 12 million surplus from a EUR 56 million shortfall in August 2018. Meanwhile, the secondary income surplus fell to EUR 3 million from EUR 9 million.

The current account gap in Latvia narrowed to EUR 82 million in July of 2019 from EUR 135 million in the same month of the previous year. The goods deficit decreased to EUR 305 million from EUR 311 million in July of 2018 and the primary income shortfall shrank to EUR 31 million from EUR 83 million. Also, the services surplus rose to EUR 221 million from EUR 215 million while the secondary income surplus fell to EUR 33 million from EUR 44 million.

Latvia recorded a current account surplus of EUR 41 million in June of 2019 compared to a EUR 17 million deficit in the same month of the previous year. The services surplus increased slightly to EUR 233 million from EUR 203 million in June 2018 while the goods deficit rose to EUR 237 million from EUR 174 million. Meantime, the primary income gap fell to EUR 18 million from EUR 96 million and the secondary income surplus went up to EUR 63 million from EUR 45 million a year ago.

Latvia recorded a current account deficit of EUR 13 million in May of 2019 compared to a EUR 10 million surplus in the same month of the previous year. The goods gap widened to EUR 221 million from EUR 189 million in May of 2018 and both the services surplus (EUR 206 million from EUR 220 million) and the secondary income surplus (EUR 22 million from EUR 35 million) narrowed. At the same time, the primary income deficit fell to EUR 20 million from EUR 56 million.