Economic Outlook No 117 — Current account balance in Latvia
Latvia: Economic Outlook No 117 — Current account balance was -1.53 billion in 2026. ◆ Volatile
Economic Outlook No 117 — Current account balance in Latvia, 2000–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Latvia recorded -1.53 billion for economic outlook no 117 — current account balance in 2026.
That represents a change of down 22.8% on the previous year and down 450.8% over ten years.
Over the whole period, economic outlook no 117 — current account balance in Latvia peaked at 1.46 billion in 2009 and was at its lowest, -4.69 billion, in 2007.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Current account balance in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -323.00 million | — |
| 2001 | -560.00 million | +73.4% |
| 2002 | -543.00 million | -3.0% |
| 2003 | -743.00 million | +36.8% |
| 2004 | -1.36 billion | +82.9% |
| 2005 | -1.61 billion | +18.6% |
| 2006 | -3.57 billion | +121.5% |
| 2007 | -4.69 billion | +31.3% |
| 2008 | -3.01 billion | -35.8% |
| 2009 | 1.46 billion | -148.4% |
| 2010 | 307.00 million | -78.9% |
| 2011 | -673.00 million | -319.2% |
| 2012 | -817.00 million | +21.4% |
| 2013 | -635.00 million | -22.3% |
| 2014 | -333.00 million | -47.6% |
| 2015 | -27.00 million | -91.9% |
| 2016 | 435.00 million | -1711.1% |
| 2017 | 383.00 million | -12.0% |
| 2018 | -112.00 million | -129.2% |
| 2019 | -50.00 million | -55.4% |
| 2020 | 890.00 million | -1880.0% |
| 2021 | -1.31 billion | -247.2% |
| 2022 | -1.97 billion | +50.7% |
| 2023 | -1.54 billion | -22.1% |
| 2024 | -846.00 million | -45.0% |
| 2025 | -1.24 billion | +46.9% |
| 2026 | -1.53 billion | +22.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.50 billion | -4.69 billion | 1.46 billion | 10 |
| 2010s | -152.20 million | -817.00 million | 435.00 million | 10 |
| 2020s | -1.08 billion | -1.97 billion | 890.00 million | 7 |
Countries ranked near Latvia
- 4 Slovenia 3.02 billion compare
- 4 Sweden 460.90 billion compare
- 5 Lithuania 1.91 billion compare
- 5 Denmark 391.77 billion compare
- 6 Estonia -1.22 billion compare
- 6 Germany 171.49 billion compare
- 7 Ireland 81.60 billion compare
- 8 Israel 75.63 billion compare
- 8 Poland -45.73 billion compare
- 9 Czechia 67.75 billion compare
- 9 Türkiye -708.02 billion compare
- 10 Switzerland 59.23 billion compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is economic outlook no 117 — current account balance in Latvia?
- Economic outlook no 117 — current account balance in Latvia was -1.53 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — current account balance recorded in Latvia?
- The highest recorded value was 1.46 billion in 2009.
- What is the lowest economic outlook no 117 — current account balance recorded in Latvia?
- The lowest recorded value was -4.69 billion in 2007.
- How does Latvia rank for economic outlook no 117 — current account balance?
- Latvia ranks 7th out of 9 countries with data for 2026.
- Is economic outlook no 117 — current account balance rising or falling in Latvia?
- Over the last ten years it is down 450.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 117 — Current account balance. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP