|Unit||Mil. EUR, NSA|
|Adjustments||Not Seasonally Adjusted|
|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|
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.