External balance on goods and services (current LCU), annual growth in Latvia
Latvia: External balance on goods and services (current LCU), annual growth was -206.16 % change on previous year in 2025. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded -206.16 % change on previous year for external balance on goods and services (current lcu), annual growth in 2025.
Compared with earlier readings it is down 470.7% on the previous year and down 460.0% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Latvia peaked at 750.92 % change on previous year in 2020 and was at its lowest, -344.3 % change on previous year, in 2021.
Latvia ranks 188th of 192 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | -119.11 % change on previous year | — |
| 1997 | -15.64 % change on previous year | -86.9% |
| 1998 | -48.97 % change on previous year | +213.2% |
| 1999 | 15.33 % change on previous year | -131.3% |
| 2000 | 11.06 % change on previous year | -27.8% |
| 2001 | -41.55 % change on previous year | -475.6% |
| 2002 | -9.92 % change on previous year | -76.1% |
| 2003 | -40.75 % change on previous year | +310.8% |
| 2004 | -41.8 % change on previous year | +2.6% |
| 2005 | -14.96 % change on previous year | -64.2% |
| 2006 | -81.78 % change on previous year | +446.7% |
| 2007 | -21.82 % change on previous year | -73.3% |
| 2008 | 28.2 % change on previous year | -229.2% |
| 2009 | 87.86 % change on previous year | +211.6% |
| 2010 | -0.1735 % change on previous year | -100.2% |
| 2011 | -210.35 % change on previous year | +121164.7% |
| 2012 | 0.099 % change on previous year | -100.0% |
| 2013 | 15.15 % change on previous year | +15208.5% |
| 2014 | 33.52 % change on previous year | +121.3% |
| 2015 | 57.26 % change on previous year | +70.8% |
| 2016 | 145.68 % change on previous year | +154.4% |
| 2017 | -187.59 % change on previous year | -228.8% |
| 2018 | -23.26 % change on previous year | -87.6% |
| 2019 | 53.71 % change on previous year | -330.9% |
| 2020 | 750.92 % change on previous year | +1298.1% |
| 2021 | -344.3 % change on previous year | -145.9% |
| 2022 | -72.21 % change on previous year | -79.0% |
| 2023 | 17.86 % change on previous year | -124.7% |
| 2024 | 55.61 % change on previous year | +211.4% |
| 2025 | -206.16 % change on previous year | -470.7% |
Latvia compared with similar countries
- Latvia's -206.16 % change on previous year is below the median for high income countries, which is 0.3851 % change on previous year. (72 countries reporting)
- Latvia's -206.16 % change on previous year is below the median for Europe & Central Asia, which is -10.38 % change on previous year, 19.9× the median. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU), annual growth 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 |
|---|---|---|---|
| 2011 | -121164.7% | -0.1735 % change on previous year | -210.35 % change on previous year |
| 2013 | +15208.5% | 0.099 % change on previous year | 15.15 % change on previous year |
| 2020 | +1298.1% | 53.71 % change on previous year | 750.92 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -42.1 % change on previous year | -119.11 % change on previous year | 15.33 % change on previous year | 4 |
| 2000s | -12.54 % change on previous year | -81.78 % change on previous year | 87.86 % change on previous year | 10 |
| 2010s | -11.6 % change on previous year | -210.35 % change on previous year | 145.68 % change on previous year | 10 |
| 2020s | 33.62 % change on previous year | -344.3 % change on previous year | 750.92 % change on previous year | 6 |
Countries ranked near Latvia
- 185 Cameroon -150.18 % change on previous year compare
- 186 Turkey -161.82 % change on previous year compare
- 187 Guyana -175.98 % change on previous year compare
- 189 Bahamas -311.24 % change on previous year compare
- 190 Canada -381.5 % change on previous year compare
- 191 Belgium -441.47 % change on previous year compare
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Latvia?
- External balance on goods and services (current lcu), annual growth in Latvia was -206.16 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Latvia?
- The highest recorded value was 750.92 % change on previous year in 2020.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Latvia?
- The lowest recorded value was -344.3 % change on previous year in 2021.
- How does Latvia rank for external balance on goods and services (current lcu), annual growth?
- Latvia ranks 188th out of 192 countries with data for 2025.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Latvia?
- Over the last ten years it is down 460.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.