Latvia's secondary income, other sectors, payments (BoP, current US$) was US$808.47 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 156.47% from US$315.22 million in 2015 (9.88% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$808.47 million | 2025 |
| Five years earlier | US$264.16 million | 2020 |
| Ten years earlier | US$315.22 million | 2015 |
| Highest | US$1.14 billion | 2007 |
| Lowest | US$35,000 | 1993 |
| Average since 2016 | US$451.57 million | 2016–2025 |
| First recorded | US$35,000 |
What the numbers say
In 2025, Latvia's secondary income, other sectors, payments (BoP, current US$) rose 40.2% on 2024 (from US$576.86 million to US$808.47 million).
Across the 27 yearly changes before that (1998 to 2024), the average change was +49.7% and a typical year strayed about 198.6% from that (the standard deviation). This year's change was 0.0 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 1,026.8% in 2000 and the biggest yearly fall was 45.9% 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$49.8 million a year. A straight line explains 73% 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 64th highest value of the 131 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.
| Value | Year | |
|---|---|---|
| Latvia | US$808.47 million | 2025 |
| World | US$1.27 trillion | 2024 |
| Europe & Central Asia | US$550.38 billion | 2025 |
| High income | US$1.18 trillion | 2024 |
Closest to Latvia in the 2025 ranking
- Cyprus — 61st of 131: US$1.09 billion
- Ecuador — 62nd of 131: US$1.04 billion
- Ukraine — 63rd of 131: US$935 million
- Nigeria — 65th of 131: US$806.37 million
- Egypt, Arab Rep. — 66th of 131: US$756.1 million
- Costa Rica — 67th of 131: US$755.11 million
What this measures
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 30 values
| Year | Secondary income, other sectors, payments (BoP, current US$) |
|---|---|
| 2025 | 808,471,467 |
| 2024 | 576,859,575 |
| 2023 | 486,457,648 |
| 2022 | 624,599,569 |
| 2021 | 475,232,341 |
| 2020 | 264,163,573 |
| 2019 | 327,607,990 |
| 2018 | 335,202,149 |
| 2017 | 299,287,490 |
| 2016 | 317,792,015 |
Secondary income, other sectors, payments (BoP, current US$) in nearby economies
- Albania — US$252.81 million (2025)
- Armenia — US$534.3 million (2025)
- Austria — US$6.84 billion (2025)
- Azerbaijan — US$616.92 million (2025)
- Belarus — US$1.75 billion (2025)
- Belgium — US$26.33 billion (2025)
- Bosnia and Herzegovina — US$195.29 million (2025)
- Bulgaria — US$58.62 million (2025)
- Croatia — US$1.75 billion (2025)
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's secondary income, other sectors, payments (BoP, current US$)?
- US$808.47 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is up 2.31 million% from US$35,000 in 1993 (36.89% a year on average, compounded). The highest value was US$1.14 billion in 2007 and the lowest US$35,000 in 1993.
- How does Latvia rank?
- 64th highest of 131 economies with data for 2025.
- Is the latest change in secondary income, other sectors, payments (BoP, current US$) unusual for Latvia?
- In 2025, Latvia's secondary income, other sectors, payments (BoP, current US$) rose 40.2% on 2024 (from US$576.86 million to US$808.47 million). Across the 27 yearly changes before that (1998 to 2024), the average change was +49.7% and a typical year strayed about 198.6% from that (the standard deviation). This year's change was 0.0 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.TRF.PRVT.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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