Current account balance in Latvia
Latvia: Current account balance was -3.4% in 2025. ◆ Volatile
Current account balance in Latvia, 1995–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Latvia is -3.4%, measured in 2025.
The figure is down 116.0% on the previous year and down 2,572.7% over ten years.
Over the whole period, current account balance in Latvia peaked at 8.0% in 2009 and was at its lowest, -22.1%, in 2006.
That places Latvia 124th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | -0.3% | — |
| 1996 | -4.8% | +1573.8% |
| 1997 | -5.4% | +12.6% |
| 1998 | -9.3% | +71.4% |
| 1999 | -8.9% | -4.1% |
| 2000 | -3.7% | -58.1% |
| 2001 | -6.1% | +63.3% |
| 2002 | -5.7% | -7.6% |
| 2003 | -7.6% | +33.6% |
| 2004 | -12.1% | +60.8% |
| 2005 | -12.2% | +0.2% |
| 2006 | -22.1% | +81.7% |
| 2007 | -21.8% | -1.3% |
| 2008 | -13.1% | -39.9% |
| 2009 | 8.0% | -161.0% |
| 2010 | 1.8% | -78.1% |
| 2011 | -3.6% | -301.9% |
| 2012 | -3.9% | +9.0% |
| 2013 | -2.9% | -25.4% |
| 2014 | -1.5% | -46.6% |
| 2015 | -0.1% | -91.8% |
| 2016 | 1.8% | -1490.2% |
| 2017 | 1.5% | -12.7% |
| 2018 | -0.4% | -125.1% |
| 2019 | -0.2% | -54.8% |
| 2020 | 3.1% | -1880.9% |
| 2021 | -4.1% | -233.7% |
| 2022 | -5.5% | +32.5% |
| 2023 | -3.9% | -29.1% |
| 2024 | -1.6% | -59.8% |
| 2025 | -3.4% | +116.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.8% | -9.3% | -0.3% | 5 |
| 2000s | -9.6% | -22.1% | 8.0% | 10 |
| 2010s | -0.7% | -3.9% | 1.8% | 10 |
| 2020s | -2.6% | -5.5% | 3.1% | 6 |
Countries ranked near Latvia
- 121 Chad -3.2%
- 122 Cameroon -3.3% compare
- 123 Philippines -3.3% compare
- 125 Venezuela, Bolivarian Republic of -3.4% compare
- 126 Iceland -3.5% compare
- 127 El Salvador -3.5% compare
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is current account balance in Latvia?
- Current account balance in Latvia was -3.4% 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 8.0% in 2009.
- What is the lowest current account balance recorded in Latvia?
- The lowest recorded value was -22.1% in 2006.
- How does Latvia rank for current account balance?
- Latvia ranks 124th 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 2,572.7%. 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 (% of GDP). 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 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.