Latvia Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Latvia's foreign reserves was $4.8B in 2025, ranked 102nd globally. This represents a 6.3% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Latvia's foreign reserves stood at $4.8B in 2025, a decline of +$322.8M from 2024. Based on recent trends, this figure is projected to reach $4.8B by 2025. Latvia ranked 102nd globally.
Latvia’s foreign reserves have risen from a low of 526,398,066.09 in 1993 to a 2025 balance of 4,818,312,691.35, placing the country at rank 102 globally and closely matching Kyrgyz Republic’s 4,826,203,474.53. The accumulation accelerated after the early‑1990s trough, reaching an all‑time high of 7,895,272,079.62 in 2013, a peak that reflected the post‑global‑financial‑crisis buildup of safe assets and the country’s integration into Euro‑area monetary frameworks. Since then, reserves have gradually contracted, falling by roughly 39 % from the 2013 apex, a pattern that mirrors the broader regional trend of reserve normalization as external financing conditions improved. The modest decline to the 2025 level suggests a steady, if not expanding, buffer that supports external debt servicing and currency stability. Future movements will likely hinge on the trajectory of trade balances, euro‑area monetary policy and any shocks to capital flows, which could either reinforce the upward trend or prompt further drawdowns.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $4.7B | - | - |
| 2026* trend | $4.7B | - | - |
| 2025* trend | $4.8B | - | - |
| 2025 | $4.8B | −$322.8M | #102 |
| 2024 | $5.1B | +$184.3M | #90 |
| 2023 | $5.0B | +$496.7M | #95 |
| 2022 | $4.5B | −$1.0B | #98 |
| 2021 | $5.5B | +$201.5M | #92 |
| 2020 | $5.3B | +$810.0M | #92 |
| 2019 | $4.5B | +$108.9M | #93 |
| 2018 | $4.4B | −$242.7M | #94 |
| 2017 | $4.6B | +$1.1B | #91 |
| 2016 | $3.5B | +$66.0M | #94 |
| 2015 | $3.4B | +$217.9M | #93 |
| 2014 | $3.2B | −$4.7B | #99 |
| 2013 | $7.9B | +$370.6M | #72 |
| 2012 | $7.5B | +$1.1B | #74 |
| 2011 | $6.4B | −$1.2B | #78 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's foreign reserves was $4.8B in 2025. Ranked 102nd globally. This represents a 6.3% decrease from the previous year.
Latvia's foreign reserves peaked at $7.9B in 2013.
The lowest foreign reserves in Latvia was $526.4M in 1993.
Latvia ranks 102nd globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Latvia's foreign reserves is projected to reach $4.8B by 2025 based on trend extrapolation.
Latvia's foreign reserves was approximately 4.82 billion ($4.8B) in 2025.
The foreign reserves of Latvia in 2025 was $4.8B. This ranks 102nd in the world.
Cite this page
@misc{historysaid_latvia_reserves,
title = {Latvia Foreign Reserves},
url = {https://historysaid.com/latvia/reserves/},
publisher = {HistorySaid},
year = {2026}
}