Latvia's Balance of Payments Statistics Database is comprised of the balance of payments, international investment position, external debt and direct investment statistics. Since June of 2009 the statistical data on effective exchange rates of the lats are integrated in the database.
Latvia's Balance of Payments Statistics Database contains data
starting from 1992. From 1992 to 1999, the data were prepared by the
Central Statistics Board of the Republic of Latvia, whereas from 2000
by the Bank of Latvia. With international requirements concerning
statistics changing, the level of detail provided has deepened;
therefore, certain period data may be missing from some of the tables.
Latvia's Balance of Payments Statistics Database allows you to generate and download customised statistics.
|Quarterly data:||03.12.2010||Press Release||04.03.2011|
|Effective exchange rates of the lats:||03.12.2010||Commentary||05.01.2011|
Phone: +371 6702 2714
Phone: +371 6702 2580
Latvia's balance of payments reflects the external stability of the economy and forms a part of the system of national accounts. The balance of payments is comprised of the current, capital and financial accounts.
Methodology for reporting reinvested earnings/losses in the balance of payments
The current account shows exports and imports of goods and services, income and expense (wages and salaries, reinvested earnings, dividends, interest payments) as well as current transfers (EU funds, contributions to the EU budget, cash transfers of private persons, pensions, donations, taxes, etc).
The capital and financial accounts show capital transfers intended for investment, changes in foreign investment and foreign debt as well as the growth or decrease of reserve assets in a specified period of time. Data of the capital and financial accounts can be used to make a conclusion whether there the available financial resources are sufficient to finance the transactions recorded in the current account (i.e. if there is a deficit in the current account, the transactions of this account are financed from the capital and financial accounts).
International investment position reflects the value and composition of Latvia's financial claims ("Assets") on and financial obligations ("Liabilities") to the rest of the world at a specific date as well as the reasons for any changes in the value within this period.
Latvia's external debt is the total of all direct liabilities of Latvia's residents vis-à-vis non-residents (rest of the world) requiring future principal and/or interest payments based on a prior agreement.
Direct investment is investment by a resident of one economy (direct investor) in a company of another economy (direct investment enterprise), provided that the resident holds at least 10% of capital shares in this direct investment enterprise. The components of direct investment are equity capital (one of the components of equity capital is share capital), reinvested earnings and other capital (borrowing and lending transactions, trade credits as well as other assets and liabilities between a direct investor and a direct investment enterprise).
See the basic principles for compiling the quarterly data statistics in the quarterly bulletin "Latvia's Balance of Payments".