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% |
Latvia compared with similar countries
- Latvia's -908.65 million is below the median for high income countries, which is -896.13 million, 1.0× the median. (72 countries reporting)
- Latvia's -908.65 million is above the median for Europe & Central Asia, which is -972.80 million, 93% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Primary income balance (credit less debit), Net (credits less debits) 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 |
|---|---|---|---|
| 2021 | -2771.6% | 27.34 million | -730.55 million |
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
- 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 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.