Net errors and omissions in Latvia
Latvia: Net errors and omissions was 342.81 million BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Latvia is 342.81 million BoP, current US$, measured in 2025.
The figure is down 64.3% on the previous year and up 10,385.1% over ten years.
Over the whole period, net errors and omissions in Latvia peaked at 1.17 billion BoP, current US$ in 2022 and was at its lowest, -651.51 million BoP, current US$, in 1995.
Latvia ranks 55th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | -44.84 million BoP, current US$ | — |
| 1993 | -186.18 million BoP, current US$ | +315.2% |
| 1994 | -507.81 million BoP, current US$ | +172.8% |
| 1995 | -651.51 million BoP, current US$ | +28.3% |
| 1996 | -46.24 million BoP, current US$ | -92.9% |
| 1997 | 86.52 million BoP, current US$ | -287.1% |
| 1998 | 97.10 million BoP, current US$ | +12.2% |
| 1999 | 38.20 million BoP, current US$ | -60.7% |
| 2000 | -58.17 million BoP, current US$ | -252.3% |
| 2001 | -1.66 million BoP, current US$ | -97.2% |
| 2002 | -51.54 million BoP, current US$ | +3013.2% |
| 2003 | -9.92 million BoP, current US$ | -80.7% |
| 2004 | -1.32 million BoP, current US$ | -86.7% |
| 2005 | -299.12 million BoP, current US$ | +22636.7% |
| 2006 | 136.90 million BoP, current US$ | -145.8% |
| 2007 | -223.46 million BoP, current US$ | -263.2% |
| 2008 | -571.66 million BoP, current US$ | +155.8% |
| 2009 | 437.41 million BoP, current US$ | -176.5% |
| 2010 | 416.68 million BoP, current US$ | -4.7% |
| 2011 | 203.87 million BoP, current US$ | -51.1% |
| 2012 | 550.97 million BoP, current US$ | +170.3% |
| 2013 | 382.04 million BoP, current US$ | -30.7% |
| 2014 | 836.46 million BoP, current US$ | +118.9% |
| 2015 | -3.33 million BoP, current US$ | -100.4% |
| 2016 | 158.81 million BoP, current US$ | -4864.7% |
| 2017 | -103.78 million BoP, current US$ | -165.3% |
| 2018 | 283.06 million BoP, current US$ | -372.8% |
| 2019 | 24.12 million BoP, current US$ | -91.5% |
| 2020 | 498.72 million BoP, current US$ | +1967.7% |
| 2021 | 744.88 million BoP, current US$ | +49.4% |
| 2022 | 1.17 billion BoP, current US$ | +56.7% |
| 2023 | 920.61 million BoP, current US$ | -21.1% |
| 2024 | 958.99 million BoP, current US$ | +4.2% |
| 2025 | 342.81 million BoP, current US$ | -64.3% |
Latvia compared with similar countries
- Latvia's 342.81 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$. (71 countries reporting)
- Latvia's 342.81 million BoP, current US$ is above the median for Europe & Central Asia, which is 27.46 million BoP, current US$, 12.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | -22636.7% | -1.32 million BoP, current US$ | -299.12 million BoP, current US$ |
| 2016 | +4864.7% | -3.33 million BoP, current US$ | 158.81 million BoP, current US$ |
| 2002 | -3013.2% | -1.66 million BoP, current US$ | -51.54 million BoP, current US$ |
| 2020 | +1967.7% | 24.12 million BoP, current US$ | 498.72 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -151.85 million BoP, current US$ | -651.51 million BoP, current US$ | 97.10 million BoP, current US$ | 8 |
| 2000s | -64.25 million BoP, current US$ | -571.66 million BoP, current US$ | 437.41 million BoP, current US$ | 10 |
| 2010s | 274.89 million BoP, current US$ | -103.78 million BoP, current US$ | 836.46 million BoP, current US$ | 10 |
| 2020s | 772.25 million BoP, current US$ | 342.81 million BoP, current US$ | 1.17 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 52 Romania 388.11 million BoP, current US$ compare
- 53 Nepal 376.05 million BoP, current US$ compare
- 54 Bhutan 350.13 million BoP, current US$ compare
- 56 Kosovo 254.67 million BoP, current US$ compare
- 56 Kosovo (UNSCR 1244) 254.67 million BoP, current US$ compare
- 58 Albania 241.46 million BoP, current US$ compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is net errors and omissions in Latvia?
- Net errors and omissions in Latvia was 342.81 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Latvia?
- The highest recorded value was 1.17 billion BoP, current US$ in 2022.
- What is the lowest net errors and omissions recorded in Latvia?
- The lowest recorded value was -651.51 million BoP, current US$ in 1995.
- How does Latvia rank for net errors and omissions?
- Latvia ranks 55th out of 199 countries with data for 2025.
- Is net errors and omissions rising or falling in Latvia?
- Over the last ten years it is up 10,385.1%. 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 Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. 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.