Current account balance (credit less debit), Net (credits less debits) in Latvia
Latvia: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (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.