Current account balance (credit less debit), Percent of GDP in Latvia
Latvia: Current account balance (credit less debit), Percent of GDP was -3.58 in 2031. ◆ Volatile
Current account balance (credit less debit), Percent of GDP in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
Latvia recorded -3.58 for current account balance (credit less debit), percent of gdp in 2031.
The figure is up 1.6% on the previous year and up 12.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp in Latvia peaked at 15.77 in 1993 and was at its lowest, -21.92, in 2006.
That places Latvia 22nd out of 26 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 11.66 | — |
| 1993 | 15.77 | +35.2% |
| 1994 | 4.58 | -70.9% |
| 1995 | -0.3084 | -106.7% |
| 1996 | -4.82 | +1464.4% |
| 1997 | -5.43 | +12.6% |
| 1998 | -9.31 | +71.3% |
| 1999 | -7.43 | -20.2% |
| 2000 | -4.82 | -35.1% |
| 2001 | -7.67 | +59.0% |
| 2002 | -6.69 | -12.8% |
| 2003 | -8.14 | +21.7% |
| 2004 | -12.78 | +57.0% |
| 2005 | -12.29 | -3.8% |
| 2006 | -21.92 | +78.4% |
| 2007 | -21.81 | -0.5% |
| 2008 | -12.88 | -41.0% |
| 2009 | 7.87 | -161.1% |
| 2010 | 1.73 | -78.0% |
| 2011 | -3.52 | -303.2% |
| 2012 | -3.87 | +10.0% |
| 2013 | -2.89 | -25.3% |
| 2014 | -1.47 | -49.3% |
| 2015 | -0.1053 | -92.8% |
| 2016 | 1.78 | -1790.3% |
| 2017 | 1.47 | -17.3% |
| 2018 | -0.3943 | -126.8% |
| 2019 | -0.1725 | -56.3% |
| 2020 | 3.04 | -1861.6% |
| 2021 | -4.07 | -233.8% |
| 2022 | -5.47 | +34.5% |
| 2023 | -3.82 | -30.2% |
| 2024 | -1.55 | -59.4% |
| 2025 | -3.37 | +117.6% |
| 2026 | -3.63 | +7.5% |
| 2027 | -3.57 | -1.6% |
| 2028 | -3.82 | +7.1% |
| 2029 | -3.8 | -0.4% |
| 2030 | -3.64 | -4.3% |
| 2031 | -3.58 | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5892 | -9.31 | 15.77 | 8 |
| 2000s | -10.11 | -21.92 | 7.87 | 10 |
| 2010s | -0.7437 | -3.87 | 1.78 | 10 |
| 2020s | -3.01 | -5.47 | 3.04 | 10 |
| 2030s | -3.61 | -3.64 | -3.58 | 2 |
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), percent of gdp in Latvia?
- Current account balance (credit less debit), percent of gdp in Latvia was -3.58 in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp recorded in Latvia?
- The highest recorded value was 15.77 in 1993.
- What is the lowest current account balance (credit less debit), percent of gdp recorded in Latvia?
- The lowest recorded value was -21.92 in 2006.
- How does Latvia rank for current account balance (credit less debit), percent of gdp?
- Latvia ranks 22nd out of 26 countries with data for 2031.
- Is current account balance (credit less debit), percent of gdp rising or falling in Latvia?
- Over the last ten years it is up 12.0%. 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), Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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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.