Current account balance — all countries

Current account balance — Latvia

Current account balance in Latvia in 2031 — -3.6%. Ranked 130 in the world out of 188. Since 1992, the indicator has fallen by 15.3 pp.

2031 -3.6% +0 pp vs 2030
World rank 130of 188
Period maximum 15.8%1993
Period minimum -21.9%2006

Trend over time

1992–2031 · % of GDP

Current account balance — Latvia, 1992–2031-30-20-1001020199219962000200420082012201620202024202820311992: 11.7%1993: 15.8%1994: 4.6%1995: -0.3%1996: -4.8%1997: -5.4%1998: -9.3%1999: -7.4%2000: -4.8%2001: -7.7%2002: -6.7%2003: -8.1%2004: -12.8%2005: -12.3%2006: -21.9%2007: -21.8%2008: -12.9%2009: 7.9%2010: 1.7%2011: -3.5%2012: -3.9%2013: -2.9%2014: -1.5%2015: -0.1%2016: 1.8%2017: 1.5%2018: -0.4%2019: -0.2%2020: 3%2021: -4.1%2022: -5.5%2023: -3.8%2024: -1.5%2025: -3.4%2026: -3.6%2027: -3.6%2028: -3.8%2029: -3.8%2030: -3.6%2031: -3.6%
Change over the period: −15.3 pp Annual average: -0.39 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia -3.6%
World computed 0.28%
Europe & Central Asia computed 1.53%
Northern Europe computed 1.51%
High-income countries computed 0.13%
Current account balance — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2031 -3.6 +0 pp
2030 -3.6 +0.2 pp
2029 -3.8 +0 pp
2028 -3.8 −0.2 pp
2027 -3.6 +0 pp
2026 -3.6 −0.2 pp
2025 -3.4 −1.9 pp
2024 -1.5 +2.3 pp
2023 -3.8 +1.7 pp
2022 -5.5 −1.4 pp
2021 -4.1 −7.1 pp
2020 3 +3.2 pp
2019 -0.2 +0.2 pp
2018 -0.4 −1.9 pp
2017 1.5 −0.3 pp
2016 1.8 +1.9 pp
2015 -0.1 +1.4 pp
2014 -1.5 +1.4 pp
2013 -2.9 +1 pp
2012 -3.9 −0.4 pp
2011 -3.5 −5.2 pp
2010 1.7 −6.2 pp
2009 7.9 +20.8 pp
2008 -12.9 +8.9 pp
2007 -21.8 +0.1 pp
2006 -21.9 −9.6 pp
2005 -12.3 +0.5 pp
2004 -12.8 −4.7 pp
2003 -8.1 −1.4 pp
2002 -6.7 +1 pp
2001 -7.7 −2.9 pp
2000 -4.8 +2.6 pp
1999 -7.4 +1.9 pp
1998 -9.3 −3.9 pp
1997 -5.4 −0.6 pp
1996 -4.8 −4.5 pp
1995 -0.3 −4.9 pp
1994 4.6 −11.2 pp
1993 15.8 +4.1 pp
1992 11.7

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.