International investment position, Net (assets less liabilities) in Latvia
Latvia: International investment position, Net (assets less liabilities) was -8.28 billion in 2024. ▲ Rising
International investment position, Net (assets less liabilities) in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, international investment position, net (assets less liabilities) in Latvia stood at -8.28 billion. That is the highest value across all 20 years on record.
The figure is up 26.2% on the previous year and up 54.6% over ten years.
Over the whole period, international investment position, net (assets less liabilities) in Latvia peaked at -8.28 billion in 2024 and was at its lowest, -25.99 billion, in 2008.
That places Latvia 96th out of 171 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
International investment position, Net (assets less liabilities) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -9.01 billion | — |
| 2006 | -14.58 billion | +61.9% |
| 2007 | -23.04 billion | +58.0% |
| 2008 | -25.99 billion | +12.8% |
| 2009 | -23.48 billion | -9.7% |
| 2010 | -21.62 billion | -7.9% |
| 2011 | -21.36 billion | -1.2% |
| 2012 | -19.93 billion | -6.7% |
| 2013 | -21.33 billion | +7.0% |
| 2014 | -18.23 billion | -14.5% |
| 2015 | -15.94 billion | -12.5% |
| 2016 | -14.40 billion | -9.7% |
| 2017 | -16.55 billion | +14.9% |
| 2018 | -15.16 billion | -8.4% |
| 2019 | -13.76 billion | -9.3% |
| 2020 | -12.56 billion | -8.7% |
| 2021 | -10.19 billion | -18.8% |
| 2022 | -10.86 billion | +6.5% |
| 2023 | -11.22 billion | +3.4% |
| 2024 | -8.28 billion | -26.2% |
Latvia compared with similar countries
- Latvia's -8.28 billion is below the median for high income countries, which is -494.93 million, 16.7× the median. (64 countries reporting)
- Latvia's -8.28 billion is above the median for Europe & Central Asia, which is -8.28 billion, 1.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where International investment position, Net (assets less liabilities) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | -61.9% | -9.01 billion | -14.58 billion |
| 2007 | -58.0% | -14.58 billion | -23.04 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -19.22 billion | -25.99 billion | -9.01 billion | 5 |
| 2010s | -17.83 billion | -21.62 billion | -13.76 billion | 10 |
| 2020s | -10.62 billion | -12.56 billion | -8.28 billion | 5 |
Countries ranked near Latvia
- 93 Fiji -6.32 billion compare
- 94 Madagascar -6.49 billion compare
- 95 Kyrgyzstan -8.13 billion compare
- 97 Montenegro -8.32 billion compare
- 98 Benin -8.83 billion compare
- 99 North Macedonia -9.04 billion compare
More external debt data for Latvia
- Net financial flows, IBRD -88.67 million NFL, current US$ (2016)
- Net financial flows, IBRD (NFL, current US$), annual growth rate -30.82 % change on previous year (2016)
- Other investment, Debt instruments 23.03 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 19.82 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 5.35 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 12,462 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.4736 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 2.35 billion (2024)
- Net lending (+) / net borrowing (-), General government, Percent of -4.32 (2030)
- Other investment, Debt instruments, Deposit taking corporations 32.86 % change on previous year (2025)
Frequently asked questions
- What is international investment position, net (assets less liabilities) in Latvia?
- International investment position, net (assets less liabilities) in Latvia was -8.28 billion in 2024, according to International Monetary Fund.
- What is the highest international investment position, net (assets less liabilities) recorded in Latvia?
- The highest recorded value was -8.28 billion in 2024.
- What is the lowest international investment position, net (assets less liabilities) recorded in Latvia?
- The lowest recorded value was -25.99 billion in 2008.
- How does Latvia rank for international investment position, net (assets less liabilities)?
- Latvia ranks 96th out of 171 countries with data for 2024.
- Is international investment position, net (assets less liabilities) rising or falling in Latvia?
- Over the last ten years it is up 54.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of International investment position, Net (assets less liabilities), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.