Capital account balance (credit less debit), Net (credits less) in Latvia
Latvia: Capital account balance (credit less debit), Net (credits less) was 550.00 million in 2024. ▲ Rising
Capital account balance (credit less debit), Net (credits less debits) in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, capital account balance (credit less debit), net (credits less debits) in Latvia stood at 550.00 million.
The figure is down 32.4% on the previous year and down 40.2% over ten years.
Over the whole period, capital account balance (credit less debit), net (credits less debits) in Latvia peaked at 919.71 million in 2014 and was at its lowest, 210.67 million, in 2005.
Latvia ranks 24th of 193 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Capital account balance (credit less debit), Net (credits less) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 210.67 million | — |
| 2006 | 240.45 million | +14.1% |
| 2007 | 576.35 million | +139.7% |
| 2008 | 508.36 million | -11.8% |
| 2009 | 625.02 million | +22.9% |
| 2010 | 470.83 million | -24.7% |
| 2011 | 601.22 million | +27.7% |
| 2012 | 827.58 million | +37.7% |
| 2013 | 762.58 million | -7.9% |
| 2014 | 919.71 million | +20.6% |
| 2015 | 766.88 million | -16.6% |
| 2016 | 329.89 million | -57.0% |
| 2017 | 305.00 million | -7.5% |
| 2018 | 596.93 million | +95.7% |
| 2019 | 509.22 million | -14.7% |
| 2020 | 590.71 million | +16.0% |
| 2021 | 537.26 million | -9.0% |
| 2022 | 274.91 million | -48.8% |
| 2023 | 813.56 million | +195.9% |
| 2024 | 550.00 million | -32.4% |
Latvia compared with similar countries
- Latvia's 550.00 million is above the median for high income countries, which is 1.17 million, 471.2× the median. (69 countries reporting)
- Latvia's 550.00 million is above the median for Europe & Central Asia, which is 10.26 million, 53.6× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 432.17 million | 210.67 million | 625.02 million | 5 |
| 2010s | 608.98 million | 305.00 million | 919.71 million | 10 |
| 2020s | 553.29 million | 274.91 million | 813.56 million | 5 |
Countries ranked near Latvia
- 21 Estonia 724.91 million compare
- 22 Bangladesh 617.65 million compare
- 23 Lebanon 603.68 million compare
- 25 South Sudan 441.15 million compare
- 26 Burkina Faso 432.90 million compare
- 27 Tajikistan 426.17 million compare
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is capital account balance (credit less debit), net (credits less debits) in Latvia?
- Capital account balance (credit less debit), net (credits less debits) in Latvia was 550.00 million in 2024, according to International Monetary Fund.
- What is the highest capital account balance (credit less debit), net (credits less debits) recorded in Latvia?
- The highest recorded value was 919.71 million in 2014.
- What is the lowest capital account balance (credit less debit), net (credits less debits) recorded in Latvia?
- The lowest recorded value was 210.67 million in 2005.
- How does Latvia rank for capital account balance (credit less debit), net (credits less debits)?
- Latvia ranks 24th out of 193 countries with data for 2024.
- Is capital account balance (credit less debit), net (credits less debits) rising or falling in Latvia?
- Over the last ten years it is down 40.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Capital account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.