Latvia’s Fourth-Quarter Current-Account Surplus Was 1.2% of GDP

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

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