Foreign Assets, Net Foreign Assets in Latvia
Latvia: Foreign Assets, Net Foreign Assets was -6.14 billion in 2008. ◆ Volatile
Foreign Assets, Net Foreign Assets in Latvia, 1993–2008
Source: International Monetary Fund.
Analysis
In 2008, foreign assets, net foreign assets in Latvia stood at -6.14 billion. That is the lowest value across all 16 years on record.
The figure is down 45.1% on the previous year and down 1,728.3% over ten years.
Over the whole period, foreign assets, net foreign assets in Latvia peaked at 556.97 million in 1997 and was at its lowest, -6.14 billion, in 2008.
That places Latvia 163rd out of 178 countries with data for 2008, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign Assets, Net Foreign Assets in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 321.94 million | — |
| 1994 | 371.99 million | +15.5% |
| 1995 | 306.00 million | -17.7% |
| 1996 | 428.82 million | +40.1% |
| 1997 | 556.97 million | +29.9% |
| 1998 | 377.31 million | -32.3% |
| 1999 | 341.86 million | -9.4% |
| 2000 | 522.72 million | +52.9% |
| 2001 | 517.48 million | -1.0% |
| 2002 | 352.18 million | -31.9% |
| 2003 | 145.06 million | -58.8% |
| 2004 | -155.88 million | -207.5% |
| 2005 | -1.19 billion | +665.3% |
| 2006 | -2.43 billion | +103.7% |
| 2007 | -4.23 billion | +74.3% |
| 2008 | -6.14 billion | +45.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 386.41 million | 306.00 million | 556.97 million | 7 |
| 2000s | -1.40 billion | -6.14 billion | 522.72 million | 9 |
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 foreign assets, net foreign assets in Latvia?
- Foreign assets, net foreign assets in Latvia was -6.14 billion in 2008, according to International Monetary Fund.
- What is the highest foreign assets, net foreign assets recorded in Latvia?
- The highest recorded value was 556.97 million in 1997.
- What is the lowest foreign assets, net foreign assets recorded in Latvia?
- The lowest recorded value was -6.14 billion in 2008.
- How does Latvia rank for foreign assets, net foreign assets?
- Latvia ranks 163rd out of 178 countries with data for 2008.
- Is foreign assets, net foreign assets rising or falling in Latvia?
- Over the last ten years it is down 1,728.3%. 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 Foreign Assets, Net Foreign Assets (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.