Latvia vs Philippines: Current account balance
Current account balance over time
- Latvia
- Philippines
How they compare
Philippines currently reports -3.3% against -3.4% in Latvia, a difference of 0.1%.
The two have swapped places 7 times across 31 shared years of data; in 1995 it was Latvia ahead.
Latvia ranks 124th and Philippines ranks 123rd of 200 countries.
Philippines has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -5.8% | -2.5% | 3.3% | Philippines |
| 2000s | -9.6% | 1.4% | 11.1% | Philippines |
| 2010s | -0.7% | 1.4% | 2.2% | Philippines |
| 2020s | -2.6% | -2.2% | 0.4% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Latvia or Philippines?
- Philippines, at -3.3% against -3.4% in Latvia as of 2025.
- What is the difference in current account balance between Latvia and Philippines?
- 0.1%, with Philippines ahead.
- How many years of comparable data are there for Latvia and Philippines?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Philippines rank globally for current account balance?
- Latvia ranks 124th and Philippines ranks 123rd of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.