Net foreign assets in Latvia
Latvia: Net foreign assets was 9.50 billion current LCU in 2024. ◆ Volatile
Net foreign assets in Latvia, 2010–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net foreign assets in Latvia is 9.50 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
The figure is up 31.5% on the previous year and up 334.2% over ten years.
Over the whole period, net foreign assets in Latvia peaked at 9.50 billion current LCU in 2024 and was at its lowest, -1.92 billion current LCU, in 2010.
That places Latvia 143rd out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | -1.92 billion current LCU | — |
| 2011 | -625.47 million current LCU | -67.4% |
| 2012 | 609.78 million current LCU | -197.5% |
| 2013 | 1.02 billion current LCU | +67.9% |
| 2014 | 2.19 billion current LCU | +113.6% |
| 2015 | 1.70 billion current LCU | -22.4% |
| 2016 | 1.92 billion current LCU | +12.9% |
| 2017 | 1.89 billion current LCU | -1.5% |
| 2018 | 4.24 billion current LCU | +125.0% |
| 2019 | 5.99 billion current LCU | +41.1% |
| 2020 | 7.71 billion current LCU | +28.7% |
| 2021 | 8.07 billion current LCU | +4.7% |
| 2022 | 6.99 billion current LCU | -13.3% |
| 2023 | 7.22 billion current LCU | +3.3% |
| 2024 | 9.50 billion current LCU | +31.5% |
Latvia compared with similar countries
- Latvia's 9.50 billion current LCU is below the median for high income countries, which is 113.77 billion current LCU, 8% of the median. (61 countries reporting)
- Latvia's 9.50 billion current LCU is below the median for Europe & Central Asia, which is 228.65 billion current LCU, 4% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.70 billion current LCU | -1.92 billion current LCU | 5.99 billion current LCU | 10 |
| 2020s | 7.90 billion current LCU | 6.99 billion current LCU | 9.50 billion current LCU | 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 foreign assets in Latvia?
- Net foreign assets in Latvia was 9.50 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net foreign assets recorded in Latvia?
- The highest recorded value was 9.50 billion current LCU in 2024.
- What is the lowest net foreign assets recorded in Latvia?
- The lowest recorded value was -1.92 billion current LCU in 2010.
- How does Latvia rank for net foreign assets?
- Latvia ranks 143rd out of 187 countries with data for 2024.
- Is net foreign assets rising or falling in Latvia?
- Over the last ten years it is up 334.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net foreign assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.