Net primary income (Net income from abroad) in Latvia
Latvia: Net primary income (Net income from abroad) was -905.76 million current US$ in 2024. ◆ Volatile
Net primary income (Net income from abroad) in Latvia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for net primary income (net income from abroad) in Latvia is -905.76 million current US$, measured in 2024.
The figure is up 8.3% on the previous year and down 2,593.2% over ten years.
Over the whole period, net primary income (net income from abroad) in Latvia peaked at 1.84 billion current US$ in 2009 and was at its lowest, -988.18 million current US$, in 2023.
Latvia ranks 110th of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 42.16 million current US$ | — |
| 1996 | 38.18 million current US$ | -9.4% |
| 1997 | 48.53 million current US$ | +27.1% |
| 1998 | 46.81 million current US$ | -3.6% |
| 1999 | -71.59 million current US$ | -252.9% |
| 2000 | -9.85 million current US$ | -86.2% |
| 2001 | 25.27 million current US$ | -356.6% |
| 2002 | 16.32 million current US$ | -35.4% |
| 2003 | -57.26 million current US$ | -451.0% |
| 2004 | -297.81 million current US$ | +420.1% |
| 2005 | -175.82 million current US$ | -41.0% |
| 2006 | -539.25 million current US$ | +206.7% |
| 2007 | -922.38 million current US$ | +71.0% |
| 2008 | -454.86 million current US$ | -50.7% |
| 2009 | 1.84 billion current US$ | -504.4% |
| 2010 | 240.43 million current US$ | -86.9% |
| 2011 | -29.38 million current US$ | -112.2% |
| 2012 | -197.40 million current US$ | +571.8% |
| 2013 | -67.94 million current US$ | -65.6% |
| 2014 | 36.33 million current US$ | -153.5% |
| 2015 | -134.91 million current US$ | -471.4% |
| 2016 | -38.07 million current US$ | -71.8% |
| 2017 | -83.70 million current US$ | +119.9% |
| 2018 | -548.85 million current US$ | +555.7% |
| 2019 | -467.44 million current US$ | -14.8% |
| 2020 | 14.65 million current US$ | -103.1% |
| 2021 | -714.87 million current US$ | -4981.3% |
| 2022 | -666.97 million current US$ | -6.7% |
| 2023 | -988.18 million current US$ | +48.2% |
| 2024 | -905.76 million current US$ | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.82 million current US$ | -71.59 million current US$ | 48.53 million current US$ | 5 |
| 2000s | -57.61 million current US$ | -922.38 million current US$ | 1.84 billion current US$ | 10 |
| 2010s | -129.09 million current US$ | -548.85 million current US$ | 240.43 million current US$ | 10 |
| 2020s | -652.23 million current US$ | -988.18 million current US$ | 14.65 million current US$ | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is net primary income (net income from abroad) in Latvia?
- Net primary income (net income from abroad) in Latvia was -905.76 million current US$ 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 1.84 billion current US$ in 2009.
- What is the lowest net primary income (net income from abroad) recorded in Latvia?
- The lowest recorded value was -988.18 million current US$ in 2023.
- How does Latvia rank for net primary income (net income from abroad)?
- Latvia ranks 110th out of 207 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 2,593.2%. 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.