Latvia's secondary income receipts (BoP, current US$) was US$2.13 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 104.45% from US$1.04 billion in 2015 (7.41% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.13 billion | 2025 |
| Five years earlier | US$1.22 billion | 2020 |
| Ten years earlier | US$1.04 billion | 2015 |
| Highest | US$2.13 billion | 2025 |
| Lowest | US$75.36 million | 1995 |
| Average since 2016 | US$1.47 billion | 2016–2025 |
| First recorded | US$96.84 million |
What the numbers say
In 2025, Latvia's secondary income receipts (BoP, current US$) rose 12.4% on 2024 (from US$1.89 billion to US$2.13 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +14.5% and a typical year strayed about 41.4% 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 184.2% in 2000 and the biggest yearly fall was 44.5% in 1995. 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$114.75 million a year. A straight line explains 88% 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 84th highest value of the 132 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$2.13 billion | 2025 |
| World | US$1.66 trillion | 2024 |
| Europe & Central Asia | US$661.72 billion | 2025 |
| High income | US$883.81 billion | 2024 |
Closest to Latvia in the 2025 ranking
- New Zealand — 81st of 132: US$2.24 billion
- Lithuania — 82nd of 132: US$2.2 billion
- Botswana — 83rd of 132: US$2.15 billion
- West Bank and Gaza — 85th of 132: US$2.04 billion
- Albania — 86th of 132: US$1.8 billion
- Slovak Republic — 87th of 132: US$1.69 billion
What this measures
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 34 values
| Year | Secondary income receipts (BoP, current US$) |
|---|---|
| 2025 | 2,126,580,168 |
| 2024 | 1,891,600,232 |
| 2023 | 1,880,628,130 |
| 2022 | 1,536,337,937 |
| 2021 | 1,382,076,083 |
| 2020 | 1,218,203,482 |
| 2019 | 1,195,394,065 |
| 2018 | 1,293,013,629 |
| 2017 | 1,220,336,101 |
| 2016 | 1,003,226,131 |
Secondary income receipts (BoP, current US$) in nearby economies
- Albania — US$1.8 billion (2025)
- Armenia — US$1.38 billion (2025)
- Austria — US$8.8 billion (2025)
- Azerbaijan — US$1.41 billion (2025)
- Belarus — US$3.64 billion (2025)
- Belgium — US$28.66 billion (2025)
- Bosnia and Herzegovina — US$3.66 billion (2025)
- Bulgaria — US$2.9 billion (2025)
- Croatia — US$6.08 billion (2025)
- Cyprus — US$1.03 billion (2025)
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's secondary income receipts (BoP, current US$)?
- US$2.13 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 2,096% from US$96.84 million in 1992 (9.81% a year on average, compounded). The highest value was US$2.13 billion in 2025 and the lowest US$75.36 million in 1995.
- How does Latvia rank?
- 84th highest of 132 economies with data for 2025.
- Is the latest change in secondary income receipts (BoP, current US$) unusual for Latvia?
- In 2025, Latvia's secondary income receipts (BoP, current US$) rose 12.4% on 2024 (from US$1.89 billion to US$2.13 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +14.5% and a typical year strayed about 41.4% 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 BX.TRF.CURR.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in