Latvia vs Venezuela, Bolivarian Republic of: External balance on goods and services

Latvia
-1.60 billion constant LCU
in 2025
Venezuela, Bolivarian Republic of
-1.38 billion constant LCU
in 2025
Latvia rank
76th
Venezuela, Bolivarian Republic of rank
75th

External balance on goods and services over time

  • Latvia
  • Venezuela, Bolivarian Republic of
-4.0B-2.0B02.0B199520102025

How they compare

Venezuela, Bolivarian Republic of currently reports -1.38 billion constant LCU against -1.60 billion constant LCU in Latvia, a difference of 211.73 million constant LCU.

The two have swapped places 1 time across 6 shared years of data; in 2020 it was Latvia ahead.

Latvia ranks 76th and Venezuela, Bolivarian Republic of ranks 75th of 162 countries.

Latvia has averaged higher in every one of the 1 decades both report.

Frequently asked questions

Which has higher external balance on goods and services, Latvia or Venezuela, Bolivarian Republic of?
Venezuela, Bolivarian Republic of, at -1.38 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 Latvia and Venezuela, Bolivarian Republic of?
211.73 million constant LCU, with Venezuela, Bolivarian Republic of ahead.
How many years of comparable data are there for Latvia and Venezuela, Bolivarian Republic of?
6 years are reported by both, from 2020 to 2025.
How do Latvia and Venezuela, Bolivarian Republic of rank globally for external balance on goods and services?
Latvia ranks 76th and Venezuela, Bolivarian Republic of ranks 75th of 162 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.

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Latvia vs Venezuela, Bolivarian Republic of: External balance on goods and services. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 04 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-constant-lcu/latvia/venezuela-rb/

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About this data

Indicator
External balance on goods and services (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
162 places, 3,215 data points, 1960–2025
Last refreshed

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.