Latvia - Current Account Balance 2024
-1.57%
+2.26% from 2023
Latvia's current account balance was -1.57% in 2024, increased +2.26% from -3.89% in 2023. This was the 88th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -31.49% | -269.3% |
| 2nd | Kyrgyz Republic | -25.29% | 43.7% |
| 3rd | Dominica | -23.24% | 32.0% |
| 4th | Palau | -22.23% | 54.5% |
| 5th | West Bank and Gaza | -21.14% | -62.5% |
| 6th | Bhutan | -20.01% | 45.9% |
| 7th | Grenada | -19.74% | -8.3% |
| 8th | Lebanon | -19.68% | 21.0% |
| 9th | Kiribati | -19.34% | -991.4% |
| 10th | Malawi | -18.78% | -8.3% |
| 11th | Maldives | -18.68% | 11.8% |
| 12th | Yemen, Republic of | -17.07% | -44.8% |
| 13th | Montenegro | -16.98% | -51.7% |
| 14th | Moldova | -16.55% | -46.0% |
| 15th | Vanuatu | -15.43% | -132.3% |
| 16th | Burundi | -15.41% | -4.2% |
| 17th | St. Kitts and Nevis | -15.08% | -30.5% |
| 18th | South Sudan | -13.92% | 24.5% |
| 19th | St. Vincent and the Grenadines | -13.53% | 19.9% |
| 20th | Rwanda | -12.68% | -10.3% |
| 21st | Senegal | -12.46% | 37.0% |
| 22nd | Mozambique | -10.96% | -0.3% |
| 23rd | Liberia | -10.91% | 56.7% |
| 24th | Mongolia | -10.45% | -1,849.6% |
| 25th | Mauritania | -9.53% | -9.2% |
| 26th | Somalia, Fed. Rep. | -9.19% | -3.1% |
| 27th | Central African Republic | -9.08% | -3.0% |
| 28th | Kosovo | -8.33% | -15.9% |
| 29th | Antigua and Barbuda | -8.22% | 39.2% |
| 30th | Guinea-Bissau | -8.19% | 4.7% |
| 31st | Cyprus | -8.16% | 28.1% |
| 32nd | Romania | -8.16% | -23.1% |
| 33rd | Seychelles | -8.11% | -25.3% |
| 34th | Uganda | -7.96% | -5.4% |
| 35th | Ukraine | -7.94% | -50.4% |
| 36th | Fiji | -7.81% | -17.9% |
| 37th | Greece | -7.11% | -6.1% |
| 38th | Mauritius | -7.03% | -36.7% |
| 39th | Tonga | -6.72% | -13.4% |
| 40th | Bahamas, The | -6.65% | 5.0% |
| 41st | Benin | -6.60% | 19.3% |
| 42nd | Niger | -5.99% | 56.8% |
| 43rd | Jordan | -5.86% | -63.8% |
| 44th | Egypt, Arab Republic of | -5.72% | -378.3% |
| 45th | Burkina Faso | -5.70% | -12.8% |
| 46th | Madagascar | -5.35% | -32.0% |
| 47th | Georgia | -5.22% | 5.9% |
| 48th | Uzbekistan | -4.97% | 34.6% |
| 49th | New Zealand | -4.65% | 32.8% |
| 50th | Mali | -4.64% | 38.9% |
| 51st | Slovak Republic | -4.61% | -176.0% |
| 52nd | Armenia | -4.60% | -66.1% |
| 53rd | Serbia | -4.56% | -94.3% |
| 54th | Barbados | -4.47% | 49.1% |
| 55th | Honduras | -4.45% | -14.6% |
| 56th | Botswana | -4.23% | -384.4% |
| 57th | Solomon Islands | -4.18% | 59.7% |
| 58th | Libya | -4.18% | -122.9% |
| 59th | Côte d'Ivoire | -4.17% | 48.9% |
| 60th | Gambia, The | -4.15% | 26.4% |
| 61st | United States | -4.12% | -23.5% |
| 62nd | Philippines | -3.96% | -39.6% |
| 63rd | Sierra Leone | -3.84% | 59.4% |
| 64th | Congo, Democratic Republic of | -3.83% | 38.2% |
| 65th | Bosnia and Herzegovina | -3.47% | -49.7% |
| 66th | Paraguay | -3.44% | -738.1% |
| 67th | Dominican Republic | -3.35% | 8.3% |
| 68th | Sudan | -3.27% | 12.8% |
| 69th | Equatorial Guinea | -3.26% | 6.6% |
| 70th | Togo | -3.18% | 21.0% |
| 71st | Cameroon | -3.15% | 23.1% |
| 72nd | Brazil | -3.03% | -137.4% |
| 73rd | Tanzania | -3.02% | 20.1% |
| 74th | Kazakhstan | -2.72% | 24.5% |
| 75th | Iceland | -2.61% | -153.4% |
| 76th | Bolivia, Plurinational State of | -2.56% | -1.8% |
| 77th | Belarus | -2.56% | -41.7% |
| 78th | St. Lucia | -2.52% | -58.3% |
| 79th | Albania | -2.40% | -99.0% |
| 80th | United Kingdom | -2.19% | 37.6% |
| 81st | Comoros | -2.16% | -43.7% |
| 82nd | North Macedonia | -2.10% | -651.2% |
| 83rd | Australia | -1.98% | -760.0% |
| 84th | Zambia | -1.93% | 36.6% |
| 85th | El Salvador | -1.79% | -64.5% |
| 86th | Colombia | -1.64% | 27.3% |
| 87th | Belize | -1.61% | -148.5% |
| 88th | Latvia | -1.57% | 59.0% |
| 89th | Guinea | -1.57% | 83.9% |
| 90th | Bulgaria | -1.54% | -71.8% |
| 91st | Tunisia | -1.51% | 43.9% |
| 92nd | Chile | -1.47% | 53.0% |
| 93rd | Saudi Arabia | -1.31% | -145.5% |
| 94th | Costa Rica | -1.31% | 8.5% |
| 95th | Kenya | -1.29% | 64.3% |
| 96th | Estonia | -1.26% | -0.9% |
| 97th | Morocco | -1.16% | -11.0% |
| 98th | Croatia | -1.13% | -374.5% |
| 99th | Myanmar | -1.08% | 43.3% |
| 100th | Algeria | -1.02% | -142.4% |
| 101st | Mexico | -0.90% | -28.8% |
| 102nd | India | -0.82% | -15.0% |
| 103rd | Uruguay | -0.78% | 77.0% |
| 104th | Türkiye | -0.75% | 79.1% |
| 105th | Finland | -0.67% | 18.8% |
| 106th | South Africa | -0.64% | 40.8% |
| 107th | Indonesia | -0.62% | -319.3% |
| 108th | Haiti | -0.58% | 83.5% |
| 109th | Canada | -0.46% | 26.4% |
| 110th | Belgium | -0.38% | 44.9% |
| 111th | Namibia | -0.01% | 99.9% |
| 112th | Congo, Republic of | 0.08% | -98.4% |
| 113th | France | 0.09% | 108.2% |
| 114th | Pakistan | 0.13% | 113.7% |
| 115th | Suriname | 0.21% | -95.1% |
| 116th | Poland | 0.30% | -82.8% |
| 117th | Bangladesh | 0.32% | 112.4% |
| 118th | Cambodia | 0.49% | -62.4% |
| 119th | Argentina | 0.89% | 127.9% |
| 120th | Chad | 1.05% | -34.2% |
| 121st | Italy | 1.08% | 684.4% |
| 122nd | Micronesia, Federated States of | 1.09% | -72.0% |
| 123rd | Zimbabwe | 1.21% | 296.9% |
| 124th | Sri Lanka | 1.22% | -58.5% |
| 125th | Austria | 1.53% | 14.2% |
| 126th | Hungary | 1.58% | 402.2% |
| 127th | Eswatini | 1.61% | -31.9% |
| 128th | Malaysia | 1.69% | 54.1% |
| 129th | Czechia | 1.74% | 1,669.8% |
| 130th | Panama | 1.93% | 162.7% |
| 131st | Ghana | 2.04% | 227.5% |
| 132nd | Portugal | 2.08% | 277.8% |
| 133rd | Thailand | 2.21% | 57.6% |
| 134th | Peru | 2.21% | 581.9% |
| 135th | China | 2.26% | 56.8% |
| 136th | Trinidad and Tobago | 2.52% | -78.6% |
| 137th | Israel | 2.86% | -8.1% |
| 138th | Oman | 2.86% | 24.8% |
| 139th | Guatemala | 2.89% | -6.2% |
| 140th | Russian Federation | 2.91% | 21.5% |
| 141st | Iraq | 2.99% | -60.3% |
| 142nd | Jamaica | 3.08% | 15.4% |
| 143rd | Spain | 3.18% | 16.5% |
| 144th | Iran, Islamic Republic of | 3.20% | 57.1% |
| 145th | Lao PDR | 3.22% | 19.5% |
| 146th | Lithuania | 3.27% | 197.2% |
| 147th | Cabo Verde | 3.91% | 246.2% |
| 148th | Nepal | 3.91% | 545.1% |
| 149th | Lesotho | 3.93% | 568.2% |
| 150th | Gabon | 3.96% | -50.8% |
| 151st | Nicaragua | 4.15% | -49.5% |
| 152nd | Turkmenistan | 4.39% | -25.8% |
| 153rd | Luxembourg | 4.40% | -20.2% |
| 154th | Slovenia | 4.55% | -4.2% |
| 155th | Japan | 4.82% | 30.1% |
| 156th | Bahrain | 4.84% | -17.1% |
| 157th | São Tomé and Principe | 5.05% | 141.1% |
| 158th | Korea | 5.28% | 196.9% |
| 159th | Samoa | 5.58% | 287.9% |
| 160th | Ecuador | 5.66% | 191.8% |
| 161st | Germany | 5.77% | 4.6% |
| 162nd | Viet Nam | 5.89% | -7.6% |
| 163rd | Sweden | 5.92% | 1.9% |
| 164th | Nauru | 5.98% | 374.6% |
| 165th | Tajikistan | 6.24% | 30.5% |
| 166th | Angola | 6.25% | 67.9% |
| 167th | Azerbaijan | 6.29% | -45.3% |
| 168th | Nigeria | 6.82% | 417.8% |
| 169th | Malta | 7.12% | 13.2% |
| 170th | Tuvalu | 7.28% | -81.8% |
| 171st | Switzerland | 7.69% | 31.4% |
| 172nd | Netherlands | 9.13% | -3.1% |
| 173rd | Aruba | 9.53% | 70.9% |
| 174th | Denmark | 12.28% | 11.6% |
| 175th | Hong Kong SAR, China | 12.92% | 51.9% |
| 176th | Marshall Islands | 13.97% | -17.0% |
| 177th | United Arab Emirates | 14.48% | 10.4% |
| 178th | Brunei Darussalam | 14.53% | 12.9% |
| 179th | Liechtenstein | 14.65% | -5.6% |
| 180th | Djibouti | 14.69% | -18.7% |
| 181st | Norway | 14.82% | -14.8% |
| 182nd | Papua New Guinea | 14.99% | 64.6% |
| 183rd | Andorra | 16.06% | 13.0% |
| 184th | Guyana | 16.44% | 65.6% |
| 185th | Qatar | 17.29% | 1.0% |
| 186th | Ireland | 17.40% | 147.3% |
| 187th | Singapore | 17.54% | -0.8% |
| 188th | San Marino | 18.32% | -16.7% |
| 189th | Kuwait | 29.15% | -6.2% |
| 190th | Macao SAR, China | 36.29% | 15.6% |
FAQ
What was Latvia's current account balance in 2024?▾
Latvia's current account balance in 2024 was -1.57%. This ranked 88th globally.
How did Latvia's current account balance change in 2024?▾
Latvia's current account balance increased by 59.0% in 2024 compared to 2023.
Which country had the highest current account balance in 2024?▾
Macao SAR, China had the highest current account balance in 2024 at 36.29%.
What is the current account balance of Latvia in 2024?▾
The current account balance of Latvia in 2024 was -1.57%. This ranked 88th globally.
How does 2024 compare to 2023 for Latvia's current account balance?▾
Latvia's current account balance went from -3.89% in 2023 to -1.57% in 2024, a 59.0% increase.
Related
2023
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Full ranking 2024
Exports
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Peak: 1993
Lowest: 2006
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
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