Estonia vs Latvia: External balance on goods and services
External balance on goods and services over time
- Estonia
- Latvia
How they compare
Estonia currently reports -1.22 billion constant LCU against -1.60 billion constant LCU in Latvia, a difference of 376.09 million constant LCU.
The two have swapped places 6 times across 31 shared years of data; in 1995 it was Estonia ahead.
Estonia ranks 74th and Latvia ranks 76th of 161 countries.
Across the 4 decades both report, Estonia averaged higher in 3 and Latvia in 1.
Head to head by decade
| Decade | Estonia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 581.61 million constant LCU | -496.63 million constant LCU | 1.08 billion constant LCU | Estonia |
| 2000s | -274.55 million constant LCU | -1.55 billion constant LCU | 1.28 billion constant LCU | Estonia |
| 2010s | 863.50 million constant LCU | 664.87 million constant LCU | 198.63 million constant LCU | Estonia |
| 2020s | -671.95 million constant LCU | -565.81 million constant LCU | 106.14 million constant LCU | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Estonia or Latvia?
- Estonia, at -1.22 billion constant LCU against -1.60 billion constant LCU in Latvia as of 2025.
- What is the difference in external balance on goods and services between Estonia and Latvia?
- 376.09 million constant LCU, with Estonia ahead.
- How many years of comparable data are there for Estonia and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Estonia and Latvia rank globally for external balance on goods and services?
- Estonia ranks 74th and Latvia ranks 76th of 161 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.