The latest insight published on the European Central Bank's website explores the dynamics of the current account balance and trade in services during the Covid-19 pandemic in the euro area. The Covid-19 pandemic led to one of the largest contractions in global output since the Second World War, affecting also global trade. As a result, trade in goods and services fell and current account balances responded to the changing economic and social environments.
The publication is available in all EU languages, also in Latvian.
Euro area trade in services (percentage of GDP)
Latvia's trade in services (percentage of GDP)
