FX.co ★ Latvia Current Account Shifts to Surplus

In April 2025, Latvia recorded a current account surplus of €34 million, a significant turnaround from the €164 million deficit observed in the same month the previous year. This marks the first instance of a current account surplus for the year. The primary income account notably improved, achieving a surplus of €108 million, a sharp reversal from the €58 million deficit encountered a year prior. Furthermore, the secondary income surplus expanded to €128 million, up from €53 million. Although the deficit in the goods account narrowed to €328 million from the previous €343 million, the services account surplus experienced a decrease, falling to €127 million from €184 million in the corresponding period last year.