Latvia: Short-term debt to reserves
* indicates monthly or quarterly data series
| Latvia |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 377.50 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2003 - 2021 |
| Average | 347.61 |
| Min - Max | 149.52 - 593.51 |
| Source | The World Bank |
The latest value from 2021 is 377.5 percent, a decline from 381.24 percent in 2020. In comparison, the world average is 559.93 percent, based on data from 148 countries. Historically, the average for Latvia from 2003 to 2021 is 347.61 percent. The minimum value, 149.52 percent, was reached in 2009 while the maximum of 593.51 percent was recorded in 2016.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: Debt of public and private domestic borrowers to non-residents with maturity of twelve months of less as percent of total foreign exchange reserves. 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.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| 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 |