FX.co ★ Latvia Current Account Shifts to Surplus

Latvia posted a current account surplus of EUR 114 million in January 2026, compared with a deficit of EUR 85 million in the same month a year earlier. This was the largest surplus since December 2024 and was mainly driven by a stronger services balance, which increased to EUR 182 million from EUR 146 million in January 2025. The primary income balance also improved, shifting to a surplus of EUR 41 million from a deficit of EUR 55 million. At the same time, the goods account deficit narrowed to EUR 162 million from EUR 232 million, while the secondary income surplus edged down slightly to EUR 53 million from EUR 56 million.