Latvia: Imports of goods, services and primary income (current US$, BoP)

Key figures

What the numbers say

In 2025, Latvia's imports of goods, services and primary income (current US$, BoP) rose 10.1% on 2024 (from US$33.1 billion to US$36.43 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +12.6% and a typical year strayed about 21.1% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 48.7% in 2004 and the biggest yearly fall was 46.2% 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 the straight-line trend is upward, about US$2.08 billion a year. A straight line explains 89% of the movement over 10 observed years.

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 81st highest value of the 136 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

• Estonia — 77th of 136: US$40.31 billion
• Ghana — 78th of 136: US$37.97 billion
• Macao SAR, China — 79th of 136: US$36.54 billion
• Azerbaijan — 81st of 136: US$32.84 billion
• Kenya — 82nd of 136: US$32.11 billion
• Angola — 83rd of 136: US$30.69 billion

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 34 values

Imports of goods, services and primary income (current US$, BoP) in nearby economies

• Albania — US$14.32 billion (2025)
• Armenia — US$18.38 billion (2025)
• Austria — US$356.25 billion (2025)
• Azerbaijan — US$32.84 billion (2025)
• Belarus — US$57.5 billion (2025)
• Belgium — US$658.81 billion (2025)
• Bosnia and Herzegovina — US$19.33 billion (2025)
• Bulgaria — US$79.04 billion (2025)
• Croatia

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

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Questions people ask

What is Latvia's imports of goods, services and primary income (current US$, BoP)?

US$36.43 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 3,552% from US$997.63 million in 1992 (11.52% a year on average, compounded). The highest value was US$36.43 billion in 2025 and the lowest US$997.63 million in 1992.

How does Latvia rank?

81st highest of 136 economies with data for 2025.

Is the latest change in imports of goods, services and primary income (current US$, BoP) unusual for Latvia?

In 2025, Latvia's imports of goods, services and primary income (current US$, BoP) rose 10.1% on 2024 (from US$33.1 billion to US$36.43 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +12.6% and a typical year strayed about 21.1% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BM.GSR.TOTL.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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