Total current account debit/expenditure, Debit/Expenditure in Latvia
Latvia: Total current account debit/expenditure, Debit/Expenditure was 34.53 billion in 2024. ▲ Rising
Total current account debit/expenditure, Debit/Expenditure in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, total current account debit/expenditure, debit/expenditure in Latvia stood at 34.53 billion.
Compared with earlier readings it is down 1.0% on the previous year and up 53.2% over ten years.
Over the whole period, total current account debit/expenditure, debit/expenditure in Latvia peaked at 35.00 billion in 2022 and was at its lowest, 11.32 billion, in 2005.
Latvia ranks 81st of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Total current account debit/expenditure, Debit/Expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 11.32 billion | — |
| 2006 | 15.92 billion | +40.7% |
| 2007 | 21.85 billion | +37.2% |
| 2008 | 22.65 billion | +3.6% |
| 2009 | 12.49 billion | -44.9% |
| 2010 | 14.98 billion | +20.0% |
| 2011 | 20.42 billion | +36.3% |
| 2012 | 21.31 billion | +4.3% |
| 2013 | 22.14 billion | +3.9% |
| 2014 | 22.53 billion | +1.8% |
| 2015 | 19.05 billion | -15.4% |
| 2016 | 18.90 billion | -0.8% |
| 2017 | 21.42 billion | +13.3% |
| 2018 | 24.39 billion | +13.9% |
| 2019 | 23.58 billion | -3.3% |
| 2020 | 22.68 billion | -3.8% |
| 2021 | 30.17 billion | +33.0% |
| 2022 | 35.00 billion | +16.0% |
| 2023 | 34.87 billion | -0.4% |
| 2024 | 34.53 billion | -1.0% |
Latvia compared with similar countries
- Latvia's 34.53 billion is below the median for high income countries, which is 79.74 billion, 43% of the median. (72 countries reporting)
- Latvia's 34.53 billion is below the median for Europe & Central Asia, which is 105.62 billion, 33% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.85 billion | 11.32 billion | 22.65 billion | 5 |
| 2010s | 20.87 billion | 14.98 billion | 24.39 billion | 10 |
| 2020s | 31.45 billion | 22.68 billion | 35.00 billion | 5 |
Countries ranked near Latvia
More trade data for Latvia
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.53 (2024)
- Imports of low carbon technology products, US dollar (World), per 356.69 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0151 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 467.61 million (2024)
Frequently asked questions
- What is total current account debit/expenditure, debit/expenditure in Latvia?
- Total current account debit/expenditure, debit/expenditure in Latvia was 34.53 billion in 2024, according to International Monetary Fund.
- What is the highest total current account debit/expenditure, debit/expenditure recorded in Latvia?
- The highest recorded value was 35.00 billion in 2022.
- What is the lowest total current account debit/expenditure, debit/expenditure recorded in Latvia?
- The lowest recorded value was 11.32 billion in 2005.
- How does Latvia rank for total current account debit/expenditure, debit/expenditure?
- Latvia ranks 81st out of 197 countries with data for 2024.
- Is total current account debit/expenditure, debit/expenditure rising or falling in Latvia?
- Over the last ten years it is up 53.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Total current account debit/expenditure, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.