Latvia - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Latvia was $395,214,700 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between $395,214,700 in 2020 and ($5,915,886,000) in 2007.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 ($274,522,200)
1996 ($538,259,300)
1997 ($590,058,000)
1998 ($865,734,500)
1999 ($738,938,200)
2000 ($634,042,900)
2001 ($866,921,900)
2002 ($967,859,300)
2003 ($1,473,643,000)
2004 ($2,210,251,000)
2005 ($2,430,826,000)
2006 ($4,452,603,000)
2007 ($5,915,886,000)
2008 ($4,539,670,000)
2009 ($524,093,700)
2010 ($500,210,000)
2011 ($1,629,413,000)
2012 ($1,504,536,000)
2013 ($1,319,197,000)
2014 ($923,252,200)
2015 ($469,885,400)
2016 $89,808,580
2017 ($196,706,900)
2018 ($240,803,700)
2019 ($241,926,300)
2020 $395,214,700

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Latvia was 346,013,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 346,013,000 in 2020 and a minimum value of -4,325,104,000 in 2007.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1995 -192,495,000
1996 -421,780,000
1997 -487,742,000
1998 -726,611,000
1999 -615,240,000
2000 -547,179,000
2001 -774,508,000
2002 -851,329,000
2003 -1,198,219,000
2004 -1,699,020,000
2005 -1,953,169,000
2006 -3,550,506,000
2007 -4,325,104,000
2008 -3,105,588,000
2009 -377,033,000
2010 -377,681,000
2011 -1,172,127,000
2012 -1,170,971,000
2013 -993,565,000
2014 -694,958,000
2015 -423,506,000
2016 81,135,000
2017 -174,126,000
2018 -203,906,000
2019 -216,107,000
2020 346,013,000

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Latvia was -1,225,270,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of -372,833,000 in 2010 and a minimum value of -5,497,747,000 in 2007.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1995 -517,558,000
1996 -941,087,000
1997 -642,025,000
1998 -1,314,914,000
1999 -1,302,692,000
2000 -797,220,000
2001 -1,269,410,000
2002 -1,170,690,000
2003 -1,784,944,000
2004 -2,586,363,000
2005 -2,567,602,000
2006 -4,391,875,000
2007 -5,497,747,000
2008 -3,434,037,000
2009 -384,879,000
2010 -372,833,000
2011 -1,567,564,000
2012 -1,127,813,000
2013 -1,020,602,000
2014 -602,835,000
2015 -423,506,000
2016 -382,833,000
2017 -750,223,000
2018 -1,121,066,000
2019 -1,312,014,000
2020 -1,225,270,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Latvia was 1.17 as of 2020. Its highest value over the past 25 years was 1.17 in 2020, while its lowest value was -20.64 in 2006.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 -4.74
1996 -9.01
1997 -9.04
1998 -12.08
1999 -9.81
2000 -7.97
2001 -10.37
2002 -10.13
2003 -12.52
2004 -15.31
2005 -14.30
2006 -20.64
2007 -19.05
2008 -12.66
2009 -1.98
2010 -2.09
2011 -5.93
2012 -5.34
2013 -4.37
2014 -2.94
2015 -1.72
2016 0.32
2017 -0.65
2018 -0.70
2019 -0.71
2020 1.17

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts