Latvia: External debt
* indicates monthly or quarterly data series
| Latvia |
External debt, percent of GDP |
|---|---|
| Latest value | 112.78 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2003 - 2021 |
| Average | 131.10 |
| Min - Max | 83.12 - 171.74 |
| Source | The World Bank |
The latest value from 2021 is 112.78 percent, a decline from 135.3 percent in 2020. In comparison, the world average is 125.67 percent, based on data from 168 countries. Historically, the average for Latvia from 2003 to 2021 is 131.1 percent. The minimum value, 83.12 percent, was reached in 2003 while the maximum of 171.74 percent was recorded in 2010.
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Definition: The total debt of public and private borrowers held by non-residents as percent of GDP. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 103.70 | 2024 | percent |
| Trade openness | 129.72 | 2025 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 62.57 | 2025 | percent |
| Exports, billion dollars | 30.42 | 2025 | billion U.S. dollars |
| Growth of exports | 0.07 | 2025 | percent |
| Imports, percent of GDP | 67.15 | 2025 | percent |
| Imports, billion dollars | 32.65 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.50 | 2025 | percent |
| Foreign Direct Investment, billion dollars | 1.51 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -28.11 | 2024 | million dollars (current) |
| Current account, percent of GDP | -3.38 | 2025 | percent |
| Current account, in dollars | -1.64 | 2025 | billion U.S. dollars |
| Current Account, quarterly | -1.62 | 3/2026 | percent |
| Trade balance, percent of GDP | -4.58 | 2025 | percent |
| Trade balance, in dollars | -0.70 | 2024 | billion U.S. dollars |
| Reserves | 6.10 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 3.06 | 2024 | percent |
| Remittances | 1,443.05 | 2025 | million U.S. dollars |
| Net errors and omissions | 342.81 | 2025 | million USD |
| External debt | 112.78 | 2021 | percent |
| Short-term external debt | 48.11 | 2021 | percent |
| Short-term debt to reserves | 377.50 | 2021 | percent |
| External debt in foreign currencies | 10.43 | 2021 | percent |