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15.12.202509:50:00UTC+00Latvia Current Account Gap Smallest in 20 Years

In October 2025, Latvia reported a current account deficit of EUR 23 million, a notable improvement from the EUR 77 million deficit recorded in the same month the previous year. This is the smallest deficit observed since February of the previous year, primarily due to a significant turnaround in the primary income, which achieved a surplus of EUR 97 million, compared to a deficit of EUR 49 million the previous year. Furthermore, the surplus in the secondary income account increased to EUR 55 million, up from EUR 27 million. Conversely, the deficit in the goods account grew to EUR 326 million from EUR 253 million, while the surplus in the services account decreased to EUR 152 million from EUR 198 million.

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