FX.co ★ Latvia's Current Account Swings to Surplus: A Turnaround in Q4 2024

In a striking economic turnaround, Latvia's current account balance surged from a deficit of 4.40% of GDP in the third quarter of 2024 to a surplus of 0.80% in the fourth quarter, as revealed by the latest data released on March 6, 2025. This significant improvement marks a notable shift in the country’s economic trajectory.

The fourth-quarter figures represent a positive change, indicating that Latvia has successfully managed to boost its economic fundamentals. The shift may reflect improvements in trade balances, potentially bolstered by increased exports or reduced imports, although specific contributing factors were not detailed in the release.

This positive development signals a potentially stabilizing economy in Latvia, which may invite further attention from international investors. Economists and market observers alike will be keenly watching to see if Latvia can maintain this momentum into 2025 and beyond.