FX.co ★ Latvia's Current Account Deficit Slightly Widens in Q1 2024

Latvia's current account deficit has seen a modest increase in the first quarter of 2024. According to the updated data as of June 4, 2024, the current account balance as a percentage of GDP has reached -1.70%. This marks a slight increase from the -1.60% observed in the fourth quarter of 2023.

The marginal widening of the current account deficit could signal underlying shifts in the country's trade dynamics or changes in external financial flows. Stakeholders and policymakers will likely scrutinize this data closely to inform economic strategies and address any persistent imbalances.

The progression from -1.60% to -1.70% underscores the need for vigilant economic monitoring and potentially adaptive policy responses to sustain Latvia's economic health and stability moving forward.