Foreign debt reached 38.3 USD bil in 2011 in Latvia, according to the National Statistical Office. This is 3.74 % less than in the previous year.
Historically, foreign debt in Latvia reached an all time high of 42.0 USD bil in 2008 and an all time low of 0.065 USD bil in 1992. When compared to Latvia's main peers, foreign debt in Belarus amounted to 33,933 USD bil, 30.0 USD bil in Lithuania and 544,318 USD bil in Russia in 2011.
Latvia has been ranked 115th within the group of 116 countries we follow in terms of foreign debt, 1 places behind the position seen 10 years ago.
Foreign (or external) debt is that part of the total debt in a country that is owed to creditors outside the country.