FX.co ★ Latvia Current Account Shifts to Surplus

Latvia experienced a notable financial turnaround in August 2025, with the current account achieving a surplus of EUR 96 million. This is a significant improvement compared to the deficit of EUR 86 million recorded during the same period the previous year. This marks the first time in five months that the current account has shown a surplus. The upturn was largely driven by the primary income account, which shifted from a deficit of EUR 103 million last year to a surplus of EUR 41 million. The secondary income surplus also grew to EUR 96 million from the previous EUR 67 million. Additionally, the deficit in the goods account narrowed slightly, down to EUR 259 million from EUR 281 million. However, the services account saw a slight decline, with its surplus decreasing to EUR 218 million from EUR 231 million recorded the previous year.