FX.co ★ Latvia Current Account Gap Widens to Four-Month High

In November 2025, Latvia experienced a current account deficit of €86 million, a sharp contrast to the €46 million surplus recorded in the same month the previous year. This represents the largest deficit seen in the past four months. The main contributor to this downturn was a significant widening of the goods account deficit, which increased to €381 million from €159 million. Additionally, the services account surplus decreased to €164 million, down from €241 million. On a more positive note, the primary income account showed improvement, shifting from a €95 million deficit a year earlier to a €36 million surplus. The secondary income account also improved, with its surplus growing to €95 million from €59 million.