Latvia: Personal transfers, receipts (current US$, BoP)

Key figures

What the numbers say

In 2025, Latvia's personal transfers, receipts (current US$, BoP) rose 10.2% on 2024 (from US$763.33 million to US$841.05 million).

Across the 20 yearly changes before that (1998 to 2024), the average change was +376.7% and a typical year strayed about 1,677.1% from that (the standard deviation). This year's change was 0.2 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 7,501.3% in 2000 and the biggest yearly fall was 35.4% in 2010. 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$31.36 million a year. A straight line explains 67% 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 56th 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

• Moldova — 52nd of 109: US$1.05 billion
• Czechia — 53rd of 109: US$1.01 billion
• Armenia — 54th of 109: US$993.09 million
• Argentina — 56th of 109: US$824.36 million
• Costa Rica — 57th of 109: US$769.84 million
• Hungary — 58th of 109: US$744.65 million

What this measures

Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. 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 sum.

All 23 values

Personal transfers, receipts (current US$, BoP) in nearby economies

• Albania — US$1.71 billion (2025)
• Armenia — US$993.09 million (2025)
• Austria — US$375.89 million (2025)
• Azerbaijan — US$1.18 billion (2025)
• Belarus — US$453.26 million (2025)
• Belgium — US$1.65 billion (2025)
• Bosnia and Herzegovina — US$2.58 billion (2025)
• Bulgaria — US$1.59 billion (2025)
• Croatia — US$3.35 billion (2025)
• Cyprus

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Latvia's personal transfers, receipts (current US$, BoP)?

US$841.05 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 49,843% from US$1.68 million in 1997 (24.85% a year on average, compounded). The highest value was US$1.32 billion in 2008 and the lowest US$1.68 million in 1997.

How does Latvia rank?

56th highest of 109 economies with data for 2025.

Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Latvia?

In 2025, Latvia's personal transfers, receipts (current US$, BoP) rose 10.2% on 2024 (from US$763.33 million to US$841.05 million). Across the 20 yearly changes before that (1998 to 2024), the average change was +376.7% and a typical year strayed about 1,677.1% from that (the standard deviation). This year's change was 0.2 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 BX.TRF.PWKR.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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