Australia vs Latvia: Current account balance (credit less debit), Percent of GDP
Australia
-2.41
in 2031
Latvia
-3.58
in 2031
Australia rank
20th
Latvia rank
22nd
Current account balance (credit less debit), Percent of GDP over time
- Australia
- Latvia
How they compare
Australia currently reports -2.41 against -3.58 in Latvia, a difference of 1.17.
The two have swapped places 9 times across 40 shared years of data; in 1992 it was Latvia ahead.
Australia ranks 20th and Latvia ranks 22nd of 26 countries.
Across the 5 decades both report, Australia averaged higher in 3 and Latvia in 2.
Head to head by decade
| Decade | Australia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -4.07 | 0.5892 | 4.66 | Latvia |
| 2000s | -4.97 | -10.11 | 5.14 | Australia |
| 2010s | -3.13 | -0.7437 | 2.38 | Latvia |
| 2020s | -1.03 | -3.01 | 1.97 | Australia |
| 2030s | -2.39 | -3.61 | 1.22 | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance (credit less debit), percent of gdp, Australia or Latvia?
- Australia, at -2.41 against -3.58 in Latvia as of 2031.
- What is the difference in current account balance (credit less debit), percent of gdp between Australia and Latvia?
- 1.17, with Australia ahead.
- How many years of comparable data are there for Australia and Latvia?
- 40 years are reported by both, from 1992 to 2031.
- How do Australia and Latvia rank globally for current account balance (credit less debit), percent of gdp?
- Australia ranks 20th and Latvia ranks 22nd of 26 countries.
- Where does this data come from?
- International Monetary Fund, published as Current account balance (credit less debit), Percent of GDP (9/26/2025). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.