External balance on goods and services in Latvia
Latvia: External balance on goods and services was -2.23 billion current US$ 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 current US$.
Analysis
The most recent figure for external balance on goods and services in Latvia is -2.23 billion current US$, measured in 2025.
Compared with earlier readings it is down 219.6% on the previous year and down 610.7% over ten years.
Over the whole period, external balance on goods and services in Latvia peaked at 479.10 million current US$ in 2020 and was at its lowest, -5.92 billion current US$, in 2007.
That places Latvia 132nd out of 192 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -601.50 million current US$ | -865.74 million current US$ | -274.52 million current US$ | 5 |
| 2000s | -2.40 billion current US$ | -5.92 billion current US$ | -524.09 million current US$ | 10 |
| 2010s | -636.54 million current US$ | -1.63 billion current US$ | 142.72 million current US$ | 10 |
| 2020s | -1.18 billion current US$ | -2.23 billion current US$ | 479.10 million current US$ | 6 |
Countries ranked near Latvia
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 -2.23 billion current US$ 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 479.10 million current US$ in 2020.
- What is the lowest external balance on goods and services recorded in Latvia?
- The lowest recorded value was -5.92 billion current US$ in 2007.
- How does Latvia rank for external balance on goods and services?
- Latvia ranks 132nd out of 192 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 610.7%. 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.