Secondary income balance (credit less debit), Net (credits less) in Latvia
Latvia: Secondary income balance (credit less debit), Net (credits less) was 918.28 million in 2024. ▬ Flat
Secondary income balance (credit less debit), Net (credits less) in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Latvia is 918.28 million, measured in 2024.
The figure is down 0.3% on the previous year and up 133.5% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Latvia peaked at 920.60 million in 2023 and was at its lowest, 373.35 million, in 2021.
Latvia ranks 70th of 197 countries on this measure, in the middle of the range.
Secondary income balance (credit less debit), Net (credits less) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 619.00 million | — |
| 2006 | 537.75 million | -13.1% |
| 2007 | 478.59 million | -11.0% |
| 2008 | 665.42 million | +39.0% |
| 2009 | 749.81 million | +12.7% |
| 2010 | 685.78 million | -8.5% |
| 2011 | 750.00 million | +9.4% |
| 2012 | 677.71 million | -9.6% |
| 2013 | 629.08 million | -7.2% |
| 2014 | 393.23 million | -37.5% |
| 2015 | 417.69 million | +6.2% |
| 2016 | 377.52 million | -9.6% |
| 2017 | 652.81 million | +72.9% |
| 2018 | 581.00 million | -11.0% |
| 2019 | 481.97 million | -17.0% |
| 2020 | 520.16 million | +7.9% |
| 2021 | 373.35 million | -28.2% |
| 2022 | 439.93 million | +17.8% |
| 2023 | 920.60 million | +109.3% |
| 2024 | 918.28 million | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 610.11 million | 478.59 million | 749.81 million | 5 |
| 2010s | 564.68 million | 377.52 million | 750.00 million | 10 |
| 2020s | 634.46 million | 373.35 million | 920.60 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 secondary income balance (credit less debit), net (credits less) in Latvia?
- Secondary income balance (credit less debit), net (credits less) in Latvia was 918.28 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Latvia?
- The highest recorded value was 920.60 million in 2023.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Latvia?
- The lowest recorded value was 373.35 million in 2021.
- How does Latvia rank for secondary income balance (credit less debit), net (credits less)?
- Latvia ranks 70th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Latvia?
- Over the last ten years it is up 133.5%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Secondary 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.