Two-way investment brief
Australia–Latvia
Latvia direct investment in Australia
—
Total Latvia investment in Australia
A$27 m
Australian direct investment in Latvia
—
Total Australian investment in Latvia
A$22 m
Trend
Direct investment in both directions
- Latvia in Australia
- Australia in Latvia
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
- Direct investment
- Portfolio investment
- Other investment
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Net transactions during the year; negative = net disinvestment
- Latvia → Australia
- Australia → Latvia
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Trade relationship
Australia–Latvia trade
Investment and trade move together: the partners that invest most in Australia are usually major trading partners too. Goods trade is recorded monthly (latest: July 2026); services annually.
Two-way trade, 2025
A$121 m
Goods exports to Latvia, 2025
A$19 m
Goods imports from Latvia, 2025
A$102 m
Services trade, 2025
A$0 k
Calendar years, A$ (ABS merchandise trade)
- Exports to Latvia
- Imports from Latvia
Source: ABS, International Merchandise Trade (MERCH_EXP / MERCH_IMP), summed to calendar years.
Calendar years, A$ (ABS international trade in services by country)
- Exports to Latvia
- Imports from Latvia
Source: ABS, International Trade in Services by Country, calendar years.
Economic outlook
Latvia’s economy
| IMF World Economic Outlook | 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast |
|---|---|---|---|---|---|
| Real GDP growth | 0.0% | 2.1% | 2.2% | 2.4% | 2.4% |
| Inflation | 1.3% | 3.8% | 3.0% | 2.7% | 2.9% |
| Unemployment rate | 6.9% | 6.9% | 6.7% | 6.5% | 6.5% |
| Current account, % GDP | −1.5% | −3.4% | −3.6% | −3.6% | −3.8% |
| Fiscal balance, % GDP | −1.7% | −4.0% | −3.3% | −3.9% | −3.7% |
| Government gross debt, % GDP | 46.2% | 46.9% | 47.4% | 48.5% | 49.6% |
Source: IMF World Economic Outlook via the IMF DataMapper API. Years from 2026 are IMF projections; recent years may be estimates and are revised in each WEO round (April and October).
2025 at a glance
- New FDI from Latvia
- —
- New Australian FDI in Latvia
- —
- Direct investment income paid to investors
- —
- Direct investment income earned by Australians
- —
Latvia globally (World Bank)
- FDI outflows, 2024
- $257 m · 73rd
- FDI inflows, 2025
- $244 m
- GDP, 2025
- $48.6 bn
- Region · income
- Europe & Central Asia · High income
Regulatory openness (OECD FDIRRI)
OECD index data loading — see FDI openness
Sources: ABS, International Investment Position, Australia: Supplementary Statistics (cat. 5352.0), 2025 release, released 2026-05-06 — levels at 31 December and calendar-year flows and income, A$ millions, immediate counterparty basis (investment routed via third economies is attributed to the intermediate economy). World Bank WDI (US$). OECD FDI Regulatory Restrictiveness Index. np = not published for confidentiality; included in totalsPrepared independently by FDIstats from public statistics; not an Australian Government publication and not investment advice. For foreign investment rules, see the Treasury and FIRB.