Latvia c/a gap widens in July

Debt

Photo by Stephen Finn/Shutterstock.com

Latvia's current account deficit widened to EUR 175 million in July from EUR 152 million in the corresponding month of the previous year, the country's central bank reported.

The goods account deficit increased to EUR 380 million from EUR 284 million; the services surplus fell to EUR 124 million from 152 million; and the secondary income surplus eased to EUR 53 million from EUR 59 million.

On the other hand, the primary income account recorded a surplus of EUR 26 million from a deficit of EUR 78 million, the first surplus since December of 2020. 

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