The US Central Intelligence Agency (CIA) reports that in 2002 the purchasing power parity of Latvia's exports was $2.3 billion while imports totaled $3.9 billion resulting in a trade deficit of $1.6 billion.
The International Monetary Fund (IMF) reports that in 2001 Latvia had exports of goods totaling $2.22 billion and imports of goods totaling $3.57 billion. The services credit totaled $1.19 billion and debit $692 million. The following table summarizes Latvia's balance of payments as reported by the IMF for 2001 in millions of US dollars.
Current Account | -734 |
Balance on goods | -1,351 |
Balance on services | 495 |
Balance on income | 43 |
Current transfers | 78 |
Capital Account | 44 |
Financial Account | 956 |
Direct investment abroad | -7 |
Direct investment in Latvia | 177 |
Portfolio investment assets | -57 |
Portfolio investment liabilities | 189 |
Other investment assets | -66 |
Other investment liabilities | 719 |
Net Errors and Omissions | 49 |
Reserves and Related Items | -314 |
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