Latvia - Balance of payments

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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