Current account balance (credit less debit), US dollar in Latvia
Latvia: Current account balance (credit less debit), US dollar was -2.48 billion in 2031. ◆ Volatile
Current account balance (credit less debit), US dollar in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), us dollar in Latvia is -2.48 billion, measured in 2031.
Compared with earlier readings it is down 3.3% on the previous year and down 59.3% over ten years.
Over the whole period, current account balance (credit less debit), us dollar in Latvia peaked at 2.03 billion in 2009 and was at its lowest, -6.43 billion, in 2007.
Latvia ranks 19th of 26 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), US dollar in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 191.42 million | — |
| 1993 | 416.80 million | +117.7% |
| 1994 | 201.22 million | -51.7% |
| 1995 | -16.16 million | -108.0% |
| 1996 | -279.78 million | +1630.9% |
| 1997 | -345.04 million | +23.3% |
| 1998 | -649.50 million | +88.2% |
| 1999 | -544.01 million | -16.2% |
| 2000 | -374.45 million | -31.2% |
| 2001 | -627.99 million | +67.7% |
| 2002 | -618.91 million | -1.4% |
| 2003 | -915.40 million | +47.9% |
| 2004 | -1.77 billion | +93.0% |
| 2005 | -2.01 billion | +13.6% |
| 2006 | -4.48 billion | +123.4% |
| 2007 | -6.43 billion | +43.3% |
| 2008 | -4.42 billion | -31.3% |
| 2009 | 2.03 billion | -145.9% |
| 2010 | 407.30 million | -79.9% |
| 2011 | -944.59 million | -331.9% |
| 2012 | -1.05 billion | +11.2% |
| 2013 | -843.26 million | -19.7% |
| 2014 | -443.83 million | -47.4% |
| 2015 | -27.74 million | -93.7% |
| 2016 | 482.48 million | -1839.2% |
| 2017 | 432.51 million | -10.4% |
| 2018 | -131.15 million | -130.3% |
| 2019 | -57.10 million | -56.5% |
| 2020 | 1.01 billion | -1874.9% |
| 2021 | -1.55 billion | -253.3% |
| 2022 | -2.08 billion | +33.9% |
| 2023 | -1.63 billion | -21.4% |
| 2024 | -681.69 million | -58.3% |
| 2025 | -1.64 billion | +140.4% |
| 2026 | -1.95 billion | +18.8% |
| 2027 | -2.02 billion | +3.9% |
| 2028 | -2.28 billion | +12.8% |
| 2029 | -2.39 billion | +4.6% |
| 2030 | -2.40 billion | +0.4% |
| 2031 | -2.48 billion | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -128.13 million | -649.50 million | 416.80 million | 8 |
| 2000s | -1.96 billion | -6.43 billion | 2.03 billion | 10 |
| 2010s | -217.59 million | -1.05 billion | 482.48 million | 10 |
| 2020s | -1.52 billion | -2.39 billion | 1.01 billion | 10 |
| 2030s | -2.44 billion | -2.48 billion | -2.40 billion | 2 |
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), us dollar in Latvia?
- Current account balance (credit less debit), us dollar in Latvia was -2.48 billion in 2031, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), us dollar recorded in Latvia?
- The highest recorded value was 2.03 billion in 2009.
- What is the lowest current account balance (credit less debit), us dollar recorded in Latvia?
- The lowest recorded value was -6.43 billion in 2007.
- How does Latvia rank for current account balance (credit less debit), us dollar?
- Latvia ranks 19th out of 26 countries with data for 2031.
- Is current account balance (credit less debit), us dollar rising or falling in Latvia?
- Over the last ten years it is down 59.3%. 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), US dollar (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.