Total reserves in months of imports in Latvia
Latvia: Total reserves in months of imports was 1.85 ratio in 2024. ▼ Falling
Latest (2024)
1.85 ratio
Change on year
up 5.1%
World rank
138th
of 172 countries
All-time high
7.17 ratio
in 2009
All-time low
1.58 ratio
in 2022
Years of data
25
2000–2024
Total reserves in months of imports in Latvia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
In 2024, total reserves in months of imports in Latvia stood at 1.85 ratio.
That represents a change of up 5.1% on the previous year and up 3.9% over ten years.
Over the whole period, total reserves in months of imports in Latvia peaked at 7.17 ratio in 2009 and was at its lowest, 1.58 ratio, in 2022.
That places Latvia 138th out of 172 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Total reserves in months of imports in Latvia, year by year
| Year | ratio | Change |
|---|---|---|
| 2000 | 3.76 ratio | — |
| 2001 | 4.35 ratio | +15.7% |
| 2002 | 4.12 ratio | -5.3% |
| 2003 | 3.32 ratio | -19.4% |
| 2004 | 2.94 ratio | -11.4% |
| 2005 | 2.64 ratio | -10.2% |
| 2006 | 3.65 ratio | +38.3% |
| 2007 | 3.37 ratio | -7.7% |
| 2008 | 2.93 ratio | -13.1% |
| 2009 | 7.17 ratio | +144.7% |
| 2010 | 6.34 ratio | -11.6% |
| 2011 | 3.88 ratio | -38.8% |
| 2012 | 4.38 ratio | +12.9% |
| 2013 | 4.44 ratio | +1.4% |
| 2014 | 1.78 ratio | -59.9% |
| 2015 | 2.24 ratio | +25.8% |
| 2016 | 2.31 ratio | +3.1% |
| 2017 | 2.65 ratio | +14.7% |
| 2018 | 2.21 ratio | -16.6% |
| 2019 | 2.35 ratio | +6.3% |
| 2020 | 2.89 ratio | +23.0% |
| 2021 | 2.26 ratio | -21.8% |
| 2022 | 1.58 ratio | -30.1% |
| 2023 | 1.76 ratio | +11.4% |
| 2024 | 1.85 ratio | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.83 ratio | 2.64 ratio | 7.17 ratio | 10 |
| 2010s | 3.26 ratio | 1.78 ratio | 6.34 ratio | 10 |
| 2020s | 2.07 ratio | 1.58 ratio | 2.89 ratio | 5 |
Countries ranked near Latvia
- 135 United States of America 1.94 ratio compare
- 136 Malawi 1.91 ratio compare
- 136 Palestine, State of 1.91 ratio compare
- 138 Bolivia, Plurinational State of 1.85 ratio compare
- 140 Spain 1.82 ratio compare
- 141 Ethiopia 1.78 ratio compare
More economy & growth data for Latvia
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5233 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 13,770 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -219.63 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -206.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.48 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0355 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 933.65 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -3.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0183 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is total reserves in months of imports in Latvia?
- Total reserves in months of imports in Latvia was 1.85 ratio in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest total reserves in months of imports recorded in Latvia?
- The highest recorded value was 7.17 ratio in 2009.
- What is the lowest total reserves in months of imports recorded in Latvia?
- The lowest recorded value was 1.58 ratio in 2022.
- How does Latvia rank for total reserves in months of imports?
- Latvia ranks 138th out of 172 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Latvia?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Total reserves in months of imports (ratio).