Current account balance (credit less debit), US dollar (9/26/2025) in Latvia
Latvia: Current account balance (credit less debit), US dollar (9/26/2025) 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 (9/26/2025) 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% |
Latvia compared with similar countries
- Latvia's -2.48 billion is below the median for high income countries, which is 3.29 billion. (13 countries reporting)
- Latvia's -2.48 billion is below the median for Europe & Central Asia, which is -2.09 billion, 1.2× the median. (7 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), US dollar (9/26/2025) 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 | +1874.9% | -57.10 million | 1.01 billion |
| 2016 | +1839.2% | -27.74 million | 482.48 million |
| 1996 | -1630.9% | -16.16 million | -279.78 million |
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
- 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), 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.