Current account balance (credit less debit), Net (credits less) in Latvia
Latvia: Current account balance (credit less debit), Net (credits less) was -687.88 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
Latvia recorded -687.88 million for current account balance (credit less debit), net (credits less debits) in 2024.
The figure is up 58.6% on the previous year and down 47.4% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Latvia peaked at 2.06 billion in 2009 and was at its lowest, -6.43 billion, in 2007.
Latvia ranks 122nd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -1.99 billion | — |
| 2006 | -4.52 billion | +127.7% |
| 2007 | -6.43 billion | +42.2% |
| 2008 | -4.48 billion | -30.2% |
| 2009 | 2.06 billion | -145.9% |
| 2010 | 412.69 million | -80.0% |
| 2011 | -943.50 million | -328.6% |
| 2012 | -1.05 billion | +11.2% |
| 2013 | -841.19 million | -19.8% |
| 2014 | -466.65 million | -44.5% |
| 2015 | -33.29 million | -92.9% |
| 2016 | 476.33 million | -1530.9% |
| 2017 | 450.51 million | -5.4% |
| 2018 | -127.71 million | -128.3% |
| 2019 | -57.48 million | -55.0% |
| 2020 | 1.03 billion | -1895.9% |
| 2021 | -1.58 billion | -253.0% |
| 2022 | -2.08 billion | +31.8% |
| 2023 | -1.66 billion | -20.1% |
| 2024 | -687.88 million | -58.6% |
Latvia compared with similar countries
- Latvia's -687.88 million is below the median for high income countries, which is 547.38 million. (72 countries reporting)
- Latvia's -687.88 million is below the median for Europe & Central Asia, which is -449.44 million, 1.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +1895.9% | -57.48 million | 1.03 billion |
| 2016 | +1530.9% | -33.29 million | 476.33 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.07 billion | -6.43 billion | 2.06 billion | 5 |
| 2010s | -217.96 million | -1.05 billion | 476.33 million | 10 |
| 2020s | -996.03 million | -2.08 billion | 1.03 billion | 5 |
Countries ranked near Latvia
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 current account balance (credit less debit), net (credits less debits) in Latvia?
- Current account balance (credit less debit), net (credits less debits) in Latvia was -687.88 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Latvia?
- The highest recorded value was 2.06 billion in 2009.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Latvia?
- The lowest recorded value was -6.43 billion in 2007.
- How does Latvia rank for current account balance (credit less debit), net (credits less debits)?
- Latvia ranks 122nd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Latvia?
- Over the last ten years it is down 47.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Current 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.