Latvia's changes in inventories (current US$) was US$285.43 million in 2025, the latest year in the World Bank's World Development Indicators. That is down 41.18% from US$485.3 million in 2015 (5.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$285.43 million | 2025 |
| Five years earlier | −US$291.8 million | 2020 |
| Ten years earlier | US$485.3 million | 2015 |
| Highest | US$1.63 billion | 2007 |
| Lowest | −US$343.5 million | 2024 |
| Average since 2016 | US$283.29 million | 2016–2025 |
| First recorded | US$106.11 million |
What the numbers say
In 2025, Latvia's changes in inventories (current US$) rose US$628.93 million on 2024 (from −US$343.5 million to US$285.43 million).
Across the 29 yearly changes before that (1996 to 2024), the average change was −US$15.5 million and a typical year strayed about US$449.42 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$1.36 billion in 2021 and the biggest yearly fall was US$1.14 billion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Latvia had the 66th highest value of the 109 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Latvia in the 2025 ranking
- Netherlands — 62nd of 109: US$301.71 million
- Estonia — 63rd of 109: US$293.42 million
- Uruguay — 64th of 109: US$291.11 million
- West Bank and Gaza — 66th of 109: US$279.7 million
- Nicaragua — 67th of 109: US$254.95 million
- Niger — 68th of 109: US$224.14 million
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 31 values
| Year | Changes in inventories (current US$) |
|---|---|
| 2025 | 285,434,870 |
| 2024 | -343,495,607 |
| 2023 | 286,154,498 |
| 2022 | 525,260,661 |
| 2021 | 1,066,792,729 |
| 2020 | -291,802,551 |
| 2019 | 203,374,934 |
| 2018 | 322,679,286 |
| 2017 | 348,424,176 |
| 2016 | 430,096,060 |
| 2015 |
Changes in inventories (current US$) in nearby economies
- Albania — US$161.21 million (2024)
- Armenia — US$817.37 million (2025)
- Austria — US$767.84 million (2025)
- Azerbaijan — US$1.97 billion (2025)
- Belarus — US$1.91 billion (2025)
- Belgium — US$13.44 billion (2025)
- Bosnia and Herzegovina — US$891.93 million (2024)
- Bulgaria — US$2.07 billion (2025)
- Croatia — −US$1.21 billion (2025)
- Cyprus — −US$319.45 million (2025)
- Czechia
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
- GDP (current LCU) — 43.03 billion (2025)
- GDP, linked series (current LCU) — 43.03 billion (2025)
- GDP (constant 2015 US$) — US$31.21 billion (2025)
- GDP (constant LCU) — 32.21 billion (2025)
- GDP, PPP (current international $) — 85.25 billion (2025)
- GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's changes in inventories (current US$)?
- US$285.43 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 168.99% from US$106.11 million in 1995 (3.35% a year on average, compounded). The highest value was US$1.63 billion in 2007 and the lowest −US$343.5 million in 2024.
- How does Latvia rank?
- 66th highest of 109 economies with data for 2025.
- Is the latest change in changes in inventories (current US$) unusual for Latvia?
- In 2025, Latvia's changes in inventories (current US$) rose US$628.93 million on 2024 (from −US$343.5 million to US$285.43 million). Across the 29 yearly changes before that (1996 to 2024), the average change was −US$15.5 million and a typical year strayed about US$449.42 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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