Net errors and omissions, Net (credits less debits), Adjusted using in Latvia
Latvia: Net errors and omissions, Net (credits less debits), Adjusted using was 960.28 million in 2024. ◆ Volatile
Net errors and omissions, Net (credits less debits), Adjusted using in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, net errors and omissions, net (credits less debits), adjusted using in Latvia stood at 960.28 million.
The figure is up 4.4% on the previous year and up 14.8% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Latvia peaked at 2.06 billion in 2012 and was at its lowest, -1.39 billion, in 2008.
That places Latvia 33rd out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions, Net (credits less debits), Adjusted using in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -299.11 million | — |
| 2006 | 136.91 million | -145.8% |
| 2007 | -223.46 million | -263.2% |
| 2008 | -1.39 billion | +520.1% |
| 2009 | 158.77 million | -111.5% |
| 2010 | 4.91 million | -96.9% |
| 2011 | 204.69 million | +4069.8% |
| 2012 | 2.06 billion | +906.8% |
| 2013 | 382.57 million | -81.4% |
| 2014 | 836.46 million | +118.6% |
| 2015 | -3.34 million | -100.4% |
| 2016 | 158.80 million | -4860.5% |
| 2017 | -103.78 million | -165.4% |
| 2018 | 283.06 million | -372.7% |
| 2019 | 24.14 million | -91.5% |
| 2020 | 498.73 million | +1966.4% |
| 2021 | 746.52 million | +49.7% |
| 2022 | 1.17 billion | +56.3% |
| 2023 | 919.45 million | -21.2% |
| 2024 | 960.28 million | +4.4% |
Latvia compared with similar countries
- Latvia's 960.28 million is above the median for high income countries, which is -38.17 million. (71 countries reporting)
- Latvia's 960.28 million is above the median for Europe & Central Asia, which is 92.86 million, 10.3× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions, Net (credits less debits), Adjusted using 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 |
|---|---|---|---|
| 2016 | +4860.5% | -3.34 million | 158.80 million |
| 2011 | +4069.8% | 4.91 million | 204.69 million |
| 2020 | +1966.4% | 24.14 million | 498.73 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -322.51 million | -1.39 billion | 158.77 million | 5 |
| 2010s | 384.84 million | -103.78 million | 2.06 billion | 10 |
| 2020s | 858.36 million | 498.73 million | 1.17 billion | 5 |
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 net errors and omissions, net (credits less debits), adjusted using in Latvia?
- Net errors and omissions, net (credits less debits), adjusted using in Latvia was 960.28 million in 2024, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Latvia?
- The highest recorded value was 2.06 billion in 2012.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Latvia?
- The lowest recorded value was -1.39 billion in 2008.
- How does Latvia rank for net errors and omissions, net (credits less debits), adjusted using?
- Latvia ranks 33rd out of 197 countries with data for 2024.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Latvia?
- Over the last ten years it is up 14.8%. 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 Net errors and omissions, Net (credits less debits), Adjusted using IMF accounting records (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.