Net primary income (Net income from abroad) in Latvia
Latvia: Net primary income (Net income from abroad) was -836.82 million current LCU in 2024. ◆ Volatile
Net primary income (Net income from abroad) in Latvia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Latvia recorded -836.82 million current LCU for net primary income (net income from abroad) in 2024.
That represents a change of up 8.4% on the previous year and down 3,160.1% over ten years.
Over the whole period, net primary income (net income from abroad) in Latvia peaked at 1.32 billion current LCU in 2009 and was at its lowest, -913.91 million current LCU, in 2023.
Latvia ranks 77th of 208 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 | 15.86 million current LCU | -59.60 million current LCU | 40.12 million current LCU | 5 |
| 2000s | -48.05 million current LCU | -674.35 million current LCU | 1.32 billion current LCU | 10 |
| 2010s | -112.94 million current LCU | -464.75 million current LCU | 181.54 million current LCU | 10 |
| 2020s | -595.14 million current LCU | -913.91 million current LCU | 12.82 million current LCU | 5 |
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) -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)
- GNI 48.20 billion current US$ (2025)
Frequently asked questions
- What is net primary income (net income from abroad) in Latvia?
- Net primary income (net income from abroad) in Latvia was -836.82 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Latvia?
- The highest recorded value was 1.32 billion current LCU in 2009.
- What is the lowest net primary income (net income from abroad) recorded in Latvia?
- The lowest recorded value was -913.91 million current LCU in 2023.
- How does Latvia rank for net primary income (net income from abroad)?
- Latvia ranks 77th out of 208 countries with data for 2024.
- Is net primary income (net income from abroad) rising or falling in Latvia?
- Over the last ten years it is down 3,160.1%. 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 Offices (NSOs), published as part of Net primary income (Net income from abroad) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.