Latvia’s Fourth-Quarter Current-Account Surplus Was 1.2% of GDP
By Aaron Eglitis -
2012-03-05T11:00:00Z
Latvia’s current account, a measure of money flowing into and out of a country, swung to a surplus of 1.2 percent of gross domestic product in the last three months of the year as exports of services rose.
The surplus was 46.2 million lati ($87.2 million), the central bank in the capital, Riga, said today in an e-mailed statement. Latvia had a current-account deficit of 1.2 percent for all of 2011.
To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.