Latvia - Current Account Balance

Latvia: Current Account Balance

Mnemonic TAB.ILVA
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 252 %
Data Jul 2020 -38
Jun 2020 25

Series Information

Source Bank of Latvia
Release Balance of Payments
Frequency Monthly
Start Date 1/31/2000
End Date 7/31/2020

Latvia: Trade

Reference Last Previous Units Frequency
Balance of Goods Jul 2020 -279.9 -180.1 Mil. EUR, NSA Monthly
Current Account Balance Jul 2020 -38 25 Mil. EUR, NSA Monthly
Exports of Goods Jul 2020 1,049 978.6 Mil. EUR, NSA Monthly
Imports of Goods Jul 2020 1,329 1,158 Mil. EUR, NSA Monthly
Exports of Goods and Services 2020 Q2 3,896,685 4,427,634 Ths. EUR, NSA Quarterly
Imports of Goods and Services 2020 Q2 3,676,382 4,308,804 Ths. EUR, NSA Quarterly
Real Exports of Goods and Services 2020 Q2 3,759,868 4,228,962 Ths. Ch. 2015 EUR, NSA Quarterly
Real Imports of Goods and Services 2020 Q2 3,893,013 4,422,811 Ths. Ch. 2015 EUR, NSA Quarterly
Net Exports 2019 Q2 -67,796 103,354 Ths. EUR, NSA Quarterly
Real Net Exports 2019 Q2 -278,929 -151,814 Ths. Ch. 2010 EUR, NSA Quarterly

Release Information

Latvia's balance of payments reflects the external stability of the economy and forms a part of the system of national accounts. The balance of payments is comprised of the current, capital and financial accounts.

Latvia's Balance of Payments Statistics Database contains data starting from 1992. From 1992 to 1999, the data were prepared by the Central Statistics Board of the Republic of Latvia, whereas from 2000 by the Bank of Latvia. With international requirements concerning statistics changing, the level of detail provided has deepened; therefore, certain period data may be missing from some of the tables

The current account shows exports and imports of goods and services, income and expense (wages and salaries, reinvested earnings, dividends, interest payments) as well as current transfers (EU funds, contributions to the EU budget, cash transfers of private persons, pensions, donations, taxes, etc).
The capital and financial accounts show capital transfers intended for investment, changes in foreign investment and foreign debt as well as the growth or decrease of reserve assets in a specified period of time. Data of the capital and financial accounts can be used to make a conclusion whether there the available financial resources are sufficient to finance the transactions recorded in the current account (i.e. if there is a deficit in the current account, the transactions of this account are financed from the capital and financial accounts).

Data of the reporting quarter may be subject to revision in the publication of the next quarter data. The publication of the fourth quarter data may include revised quarterly data for the respective year, whereas the publication of the second quarter data may include revised quarterly data for the previous three years (primarily to ensure longer term data comparability upon making methodological adjustments). All publications indicate that data could be further revised.