Net incurrence of liabilities, Transactions in Latvia
Latvia: Net incurrence of liabilities, Transactions was 1.64 billion in 2024. ◆ Volatile
Net incurrence of liabilities, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
The most recent figure for net incurrence of liabilities, transactions in Latvia is 1.64 billion, measured in 2024.
The figure is up 12.8% on the previous year and up 110.8% over ten years.
Over the whole period, net incurrence of liabilities, transactions in Latvia peaked at 3.16 billion in 2021 and was at its lowest, -949.03 million, in 2015.
That places Latvia 24th out of 33 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, Transactions in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 261.79 million | — |
| 2000 | 74.96 million | -71.4% |
| 2001 | 188.76 million | +151.8% |
| 2002 | 124.96 million | -33.8% |
| 2003 | 242.92 million | +94.4% |
| 2004 | 303.71 million | +25.0% |
| 2005 | 48.65 million | -84.0% |
| 2006 | 510.17 million | +948.7% |
| 2007 | 461.97 million | -9.4% |
| 2008 | 2.83 billion | +511.5% |
| 2009 | 2.51 billion | -11.2% |
| 2010 | 1.21 billion | -51.9% |
| 2011 | 352.46 million | -70.8% |
| 2012 | 321.59 million | -8.8% |
| 2013 | -57.91 million | -118.0% |
| 2014 | 775.78 million | -1439.7% |
| 2015 | -949.03 million | -222.3% |
| 2016 | 1.23 billion | -229.2% |
| 2017 | 211.26 million | -82.8% |
| 2018 | 930.02 million | +340.2% |
| 2019 | 335.06 million | -64.0% |
| 2020 | 1.39 billion | +315.1% |
| 2021 | 3.16 billion | +127.5% |
| 2022 | 1.84 billion | -41.8% |
| 2023 | 1.45 billion | -21.3% |
| 2024 | 1.64 billion | +12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 261.79 million | 261.79 million | 261.79 million | 1 |
| 2000s | 729.12 million | 48.65 million | 2.83 billion | 10 |
| 2010s | 435.26 million | -949.03 million | 1.23 billion | 10 |
| 2020s | 1.90 billion | 1.39 billion | 3.16 billion | 5 |
Countries ranked near Latvia
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 net incurrence of liabilities, transactions in Latvia?
- Net incurrence of liabilities, transactions in Latvia was 1.64 billion in 2024, according to International Monetary Fund.
- What is the highest net incurrence of liabilities, transactions recorded in Latvia?
- The highest recorded value was 3.16 billion in 2021.
- What is the lowest net incurrence of liabilities, transactions recorded in Latvia?
- The lowest recorded value was -949.03 million in 2015.
- How does Latvia rank for net incurrence of liabilities, transactions?
- Latvia ranks 24th out of 33 countries with data for 2024.
- Is net incurrence of liabilities, transactions rising or falling in Latvia?
- Over the last ten years it is up 110.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.