Primary income balance (credit less debit), Net (credits less debits) in Latvia
Latvia: Primary income balance (credit less debit), Net (credits less debits) was -908.65 million in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Latvia stood at -908.65 million.
The figure is up 9.5% on the previous year and down 4,493.8% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Latvia peaked at 1.60 billion in 2009 and was at its lowest, -1.19 billion, in 2007.
Latvia ranks 105th of 197 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.
Primary income balance (credit less debit), Net (credits less debits) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -169.24 million | — |
| 2006 | -609.61 million | +260.2% |
| 2007 | -1.19 billion | +95.4% |
| 2008 | -883.27 million | -25.9% |
| 2009 | 1.60 billion | -281.1% |
| 2010 | 198.87 million | -87.6% |
| 2011 | -30.56 million | -115.4% |
| 2012 | -167.68 million | +448.8% |
| 2013 | -102.75 million | -38.7% |
| 2014 | 20.68 million | -120.1% |
| 2015 | -136.83 million | -761.7% |
| 2016 | -44.56 million | -67.4% |
| 2017 | -73.44 million | +64.8% |
| 2018 | -555.01 million | +655.7% |
| 2019 | -468.50 million | -15.6% |
| 2020 | 27.34 million | -105.8% |
| 2021 | -730.55 million | -2771.6% |
| 2022 | -679.78 million | -6.9% |
| 2023 | -1.00 billion | +47.8% |
| 2024 | -908.65 million | -9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -250.80 million | -1.19 billion | 1.60 billion | 5 |
| 2010s | -135.98 million | -555.01 million | 198.87 million | 10 |
| 2020s | -659.24 million | -1.00 billion | 27.34 million | 5 |
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 primary income balance (credit less debit), net (credits less debits) in Latvia?
- Primary income balance (credit less debit), net (credits less debits) in Latvia was -908.65 million in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Latvia?
- The highest recorded value was 1.60 billion in 2009.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Latvia?
- The lowest recorded value was -1.19 billion in 2007.
- How does Latvia rank for primary income balance (credit less debit), net (credits less debits)?
- Latvia ranks 105th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Latvia?
- Over the last ten years it is down 4,493.8%. 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 Primary income balance (credit less debit), Net (credits less debits) (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.