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% |
Latvia compared with similar countries
- Latvia's 918.28 million is above the median for high income countries, which is -347.77 million. (72 countries reporting)
- Latvia's 918.28 million is above the median for Europe & Central Asia, which is -31.75 million. (50 countries reporting)
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
- 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 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.