Current account balance (BoP, current US$) in Latvia
Latvia: Current account balance (BoP, current US$) was -2.56 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latvia recorded -2.56 billion BoP, current US$ for current account balance in 2025.
Compared with earlier readings it is down 67.0% on the previous year and down 7,118.4% over ten years.
Over the whole period, current account balance in Latvia peaked at 2.06 billion BoP, current US$ in 2009 and was at its lowest, -6.43 billion BoP, current US$, in 2007.
That places Latvia 157th out of 200 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 191.42 million BoP, current US$ | — |
| 1993 | 416.80 million BoP, current US$ | +117.7% |
| 1994 | 201.22 million BoP, current US$ | -51.7% |
| 1995 | -16.16 million BoP, current US$ | -108.0% |
| 1996 | -279.78 million BoP, current US$ | +1630.9% |
| 1997 | -345.04 million BoP, current US$ | +23.3% |
| 1998 | -649.50 million BoP, current US$ | +88.2% |
| 1999 | -654.30 million BoP, current US$ | +0.7% |
| 2000 | -290.71 million BoP, current US$ | -55.6% |
| 2001 | -500.86 million BoP, current US$ | +72.3% |
| 2002 | -522.81 million BoP, current US$ | +4.4% |
| 2003 | -849.26 million BoP, current US$ | +62.4% |
| 2004 | -1.68 billion BoP, current US$ | +97.8% |
| 2005 | -1.99 billion BoP, current US$ | +18.2% |
| 2006 | -4.52 billion BoP, current US$ | +127.7% |
| 2007 | -6.43 billion BoP, current US$ | +42.2% |
| 2008 | -4.48 billion BoP, current US$ | -30.2% |
| 2009 | 2.06 billion BoP, current US$ | -145.9% |
| 2010 | 412.69 million BoP, current US$ | -80.0% |
| 2011 | -943.50 million BoP, current US$ | -328.6% |
| 2012 | -1.05 billion BoP, current US$ | +11.2% |
| 2013 | -841.19 million BoP, current US$ | -19.8% |
| 2014 | -469.39 million BoP, current US$ | -44.2% |
| 2015 | -35.52 million BoP, current US$ | -92.4% |
| 2016 | 475.23 million BoP, current US$ | -1437.9% |
| 2017 | 440.69 million BoP, current US$ | -7.3% |
| 2018 | -403.72 million BoP, current US$ | -191.6% |
| 2019 | -347.00 million BoP, current US$ | -14.0% |
| 2020 | 809.25 million BoP, current US$ | -333.2% |
| 2021 | -1.99 billion BoP, current US$ | -346.5% |
| 2022 | -2.85 billion BoP, current US$ | +43.1% |
| 2023 | -2.40 billion BoP, current US$ | -16.0% |
| 2024 | -1.54 billion BoP, current US$ | -36.0% |
| 2025 | -2.56 billion BoP, current US$ | +67.0% |
Latvia compared with similar countries
- Latvia's -2.56 billion BoP, current US$ is below the median for high income countries, which is 194.40 million BoP, current US$. (72 countries reporting)
- Latvia's -2.56 billion BoP, current US$ is below the median for Europe & Central Asia, which is -814.98 million BoP, current US$, 3.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | -1630.9% | -16.16 million BoP, current US$ | -279.78 million BoP, current US$ |
| 2016 | +1437.9% | -35.52 million BoP, current US$ | 475.23 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -141.92 million BoP, current US$ | -654.30 million BoP, current US$ | 416.80 million BoP, current US$ | 8 |
| 2000s | -1.92 billion BoP, current US$ | -6.43 billion BoP, current US$ | 2.06 billion BoP, current US$ | 10 |
| 2010s | -276.10 million BoP, current US$ | -1.05 billion BoP, current US$ | 475.23 million BoP, current US$ | 10 |
| 2020s | -1.76 billion BoP, current US$ | -2.85 billion BoP, current US$ | 809.25 million BoP, current US$ | 6 |
Countries ranked near Latvia
- 154 Yemen -2.42 billion BoP, current US$ compare
- 155 Suriname -2.50 billion BoP, current US$ compare
- 156 Armenia -2.55 billion BoP, current US$ compare
- 158 Cyprus -2.59 billion BoP, current US$ compare
- 159 Palestine -2.72 billion BoP, current US$ compare
- 160 Kenya -2.89 billion BoP, current US$ compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is current account balance in Latvia?
- Current account balance in Latvia was -2.56 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Latvia?
- The highest recorded value was 2.06 billion BoP, current US$ in 2009.
- What is the lowest current account balance recorded in Latvia?
- The lowest recorded value was -6.43 billion BoP, current US$ in 2007.
- How does Latvia rank for current account balance?
- Latvia ranks 157th out of 200 countries with data for 2025.
- Is current account balance rising or falling in Latvia?
- Over the last ten years it is down 7,118.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.