Net errors and omissions in Latvia
Latvia: Net errors and omissions was 342.81 million BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Latvia is 342.81 million BoP, current US$, measured in 2025.
The figure is down 64.3% on the previous year and up 10,385.1% over ten years.
Over the whole period, net errors and omissions in Latvia peaked at 1.17 billion BoP, current US$ in 2022 and was at its lowest, -651.51 million BoP, current US$, in 1995.
Latvia ranks 55th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -151.85 million BoP, current US$ | -651.51 million BoP, current US$ | 97.10 million BoP, current US$ | 8 |
| 2000s | -64.25 million BoP, current US$ | -571.66 million BoP, current US$ | 437.41 million BoP, current US$ | 10 |
| 2010s | 274.89 million BoP, current US$ | -103.78 million BoP, current US$ | 836.46 million BoP, current US$ | 10 |
| 2020s | 772.25 million BoP, current US$ | 342.81 million BoP, current US$ | 1.17 billion BoP, current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Exports of goods and services 30.42 billion current US$ (2025)
- Final consumption expenditure 80.5% (2025)
- Industry (including construction), value added 5.60 billion constant LCU (2025)
- Gross national expenditure 50.84 billion current US$ (2025)
- Gross national expenditure 45.00 billion current LCU (2025)
- Gross national expenditure 35.22 billion constant 2015 US$ (2025)
- Industry (including construction), value added 4.4% (2025)
- Gross national expenditure 104.6% (2025)
- Gross fixed capital formation 11.41 billion current US$ (2025)
- Exports of goods and services 62.6% (2025)
Frequently asked questions
- What is net errors and omissions in Latvia?
- Net errors and omissions in Latvia was 342.81 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Latvia?
- The highest recorded value was 1.17 billion BoP, current US$ in 2022.
- What is the lowest net errors and omissions recorded in Latvia?
- The lowest recorded value was -651.51 million BoP, current US$ in 1995.
- How does Latvia rank for net errors and omissions?
- Latvia ranks 55th out of 198 countries with data for 2025.
- Is net errors and omissions rising or falling in Latvia?
- Over the last ten years it is up 10,385.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. 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.