Latvia: Foreign exchange reserves

* indicates monthly or quarterly data series
 Latvia

Foreign exchange reserves, billion currency units

 Latest value 4.71
 Reference June 2024
 Measure billion Euro
 Data availability January 2007 - June 2024
 Average 4.23
 Min - Max 2.53 - 6.08
 Source Bank of Latvia
For that indicator, we provide data for Latvia from January 2007 to June 2024. The average value for Latvia during that period was 4.23 billion Euro with a minimum of 2.53 billion Euro in April 2014 and a maximum of 6.08 billion Euro in October 2010. Click on the following link to see the values of Foreign exchange reserves, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Foreign exchange reserves - recent values

Historical chart
Latvia - Foreign exchange reserves - historical chart - 2007-2024
Measure: billion Euro
Source: Bank of Latvia


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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

 Related indicators Latest value Reference Measure
 Terms of trade 104.67 2021 percent
 Trade openness 148.50 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 71.99 2022 percent
 Exports, billion dollars 27.95 2023 billion U.S. dollars
 Growth of exports 10.31 2022 percent
 Imports, percent of GDP 76.52 2022 percent
 Imports, billion dollars 29.63 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.84 2022 percent
 Foreign Direct Investment, billion dollars 1.16 2022 billion U.S. dollars
 Portfolio investment inflows, equities -11.96 2023 million dollars (current)
 Current account, percent of GDP -4.00 2023 percent
 Current account, in dollars -1.75 2023 billion U.S. dollars
 Trade balance, percent of GDP -4.53 2022 percent
 Trade balance, in dollars -1.68 2023 billion U.S. dollars
 Reserves 4.46 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 1,333.46 2022 million U.S. dollars
 Net errors and omissions 970.24 2023 million USD
 Foreign exchange reserves 4.38 9/2023 billion
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