Latvia – Current Account Balance
-1.57%
+2.31% from 2023
APA
Latvia Current Account Balance. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/latvia/current-account
BibTeX
@misc{historysaid_latvia_current-account,
title = {Latvia Current Account Balance},
url = {https://historysaid.com/latvia/current-account},
publisher = {HistorySaid},
year = {2026}
}
Data & Projection▾
| Year | Value | Change | Rank |
|---|---|---|---|
| 2030* IMF | -2.50% | – | – |
| 2029* IMF | -2.63% | – | – |
| 2028* IMF | -2.65% | – | – |
| 2027* IMF | -2.43% | – | – |
| 2026* IMF | -2.31% | – | – |
| 2025* IMF | -2.12% | – | – |
| 2024 | -1.57% | +2.31% | 62nd |
| 2023 | -3.89% | +1.59% | 49th |
| 2022 | -5.48% | −1.34% | 66th |
| 2021 | -4.14% | −7.23% | 67th |
| 2020 | 3.09% | +3.27% | 141st |
| 2019 | -0.17% | +0.21% | 117th |
| 2018 | -0.38% | −1.92% | 120th |
| 2017 | 1.53% | −0.22% | 132nd |
| 2016 | 1.76% | +1.88% | 149th |
| 2015 | -0.13% | +1.41% | 130th |
* IMF World Economic Outlook projection
Detected Pattern▾
Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +31.4%
GDP growth 3.4%
C/A balance 1.5%
This pattern occurred 682 times in G20 history, 460 successful
HistorySaid
Latvia's current account balance peaked at 8.01% in 2009. The 2024 reading of -1.57% is -119.6% below that level. IMF projects -2.12% by 2025.
Related
Exports
Imports
Trade Balance
FDI Inflows
FDI Outflows
Peak: 2009
Lowest: 2006
2024
2023
2022
2021
2020
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
Highest ever
Lowest ever
Average
vs Hungary
vs Antigua and Barbuda
vs Northern Mariana Islands
vs Uruguay
European Union Current Account Balance
NATO Current Account Balance
OECD Current Account Balance
G20 Ranking