Net primary income (Net income from abroad) in Latvia
Latvia: Net primary income (Net income from abroad) was -647.25 million constant LCU in 2024. ◆ Volatile
Net primary income (Net income from abroad) in Latvia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Latvia recorded -647.25 million constant LCU for net primary income (net income from abroad) in 2024.
That represents a change of up 10.2% on the previous year and down 2,302.8% over ten years.
Over the whole period, net primary income (net income from abroad) in Latvia peaked at 1.59 billion constant LCU in 2009 and was at its lowest, -860.13 million constant LCU, in 2007.
That places Latvia 11th out of 28 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 83.39 million constant LCU | — |
| 1996 | 74.45 million constant LCU | -10.7% |
| 1997 | 91.31 million constant LCU | +22.7% |
| 1998 | 87.24 million constant LCU | -4.5% |
| 1999 | -132.77 million constant LCU | -252.2% |
| 2000 | -17.85 million constant LCU | -86.6% |
| 2001 | 46.50 million constant LCU | -360.5% |
| 2002 | 28.33 million constant LCU | -39.1% |
| 2003 | -88.95 million constant LCU | -414.0% |
| 2004 | -412.17 million constant LCU | +363.4% |
| 2005 | -229.10 million constant LCU | -44.4% |
| 2006 | -632.55 million constant LCU | +176.1% |
| 2007 | -860.13 million constant LCU | +36.0% |
| 2008 | -351.57 million constant LCU | -59.1% |
| 2009 | 1.59 billion constant LCU | -551.6% |
| 2010 | 218.54 million constant LCU | -86.2% |
| 2011 | -24.70 million constant LCU | -111.3% |
| 2012 | -171.21 million constant LCU | +593.2% |
| 2013 | -56.18 million constant LCU | -67.2% |
| 2014 | 29.38 million constant LCU | -152.3% |
| 2015 | -130.64 million constant LCU | -544.6% |
| 2016 | -37.44 million constant LCU | -71.3% |
| 2017 | -78.73 million constant LCU | +110.3% |
| 2018 | -481.54 million constant LCU | +511.6% |
| 2019 | -422.73 million constant LCU | -12.2% |
| 2020 | 12.82 million constant LCU | -103.0% |
| 2021 | -578.46 million constant LCU | -4611.4% |
| 2022 | -539.67 million constant LCU | -6.7% |
| 2023 | -721.07 million constant LCU | +33.6% |
| 2024 | -647.25 million constant LCU | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.73 million constant LCU | -132.77 million constant LCU | 91.31 million constant LCU | 5 |
| 2000s | -92.99 million constant LCU | -860.13 million constant LCU | 1.59 billion constant LCU | 10 |
| 2010s | -115.52 million constant LCU | -481.54 million constant LCU | 218.54 million constant LCU | 10 |
| 2020s | -494.72 million constant LCU | -721.07 million constant LCU | 12.82 million constant LCU | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
Frequently asked questions
- What is net primary income (net income from abroad) in Latvia?
- Net primary income (net income from abroad) in Latvia was -647.25 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Latvia?
- The highest recorded value was 1.59 billion constant LCU in 2009.
- What is the lowest net primary income (net income from abroad) recorded in Latvia?
- The lowest recorded value was -860.13 million constant LCU in 2007.
- How does Latvia rank for net primary income (net income from abroad)?
- Latvia ranks 11th out of 28 countries with data for 2024.
- Is net primary income (net income from abroad) rising or falling in Latvia?
- Over the last ten years it is down 2,302.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net primary income (Net income from abroad) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.