FX.co ★ Latvia Current Account Gap Smallest in 2 Years

Latvia posted a current account deficit of EUR 23 million in February 2026, reversing from a surplus of EUR 3 million in the same month a year earlier, though it marked the smallest deficit since February 2024. The deterioration was largely driven by the goods account, where the deficit widened sharply to EUR 288 million from EUR 112 million a year earlier. By contrast, the services account surplus increased to EUR 152 million from EUR 124 million. The primary income balance also strengthened, shifting to a surplus of EUR 41 million from a deficit of EUR 53 million, while the secondary income surplus rose to EUR 72 million from EUR 44 million.