External balance on goods and services in Latvia
Latvia: External balance on goods and services was -1.60 billion constant LCU in 2025. ◆ Volatile
External balance on goods and services in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, external balance on goods and services in Latvia stood at -1.60 billion constant LCU.
That represents a change of down 295.8% on the previous year and down 227.0% over ten years.
Over the whole period, external balance on goods and services in Latvia peaked at 1.26 billion constant LCU in 2016 and was at its lowest, -4.30 billion constant LCU, in 2007.
Latvia ranks 76th of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -496.63 million constant LCU | -826.31 million constant LCU | -163.90 million constant LCU | 5 |
| 2000s | -1.55 billion constant LCU | -4.30 billion constant LCU | 588.42 million constant LCU | 10 |
| 2010s | 664.87 million constant LCU | -264.76 million constant LCU | 1.26 billion constant LCU | 10 |
| 2020s | -565.81 million constant LCU | -1.60 billion constant LCU | 419.45 million constant LCU | 6 |
Countries ranked near Latvia
- 73 East Timor -1.15 billion constant LCU compare
- 74 Estonia -1.22 billion constant LCU compare
- 75 Venezuela -1.38 billion constant LCU compare
- 78 Montenegro -2.05 billion constant LCU compare
- 79 Sao Tome and Principe -2.57 billion constant LCU compare
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Latvia?
- External balance on goods and services in Latvia was -1.60 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Latvia?
- The highest recorded value was 1.26 billion constant LCU in 2016.
- What is the lowest external balance on goods and services recorded in Latvia?
- The lowest recorded value was -4.30 billion constant LCU in 2007.
- How does Latvia rank for external balance on goods and services?
- Latvia ranks 76th out of 161 countries with data for 2025.
- Is external balance on goods and services rising or falling in Latvia?
- Over the last ten years it is down 227.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.