Latvia's service imports (current US$, BoP) was US$7.29 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 178.49% from US$2.62 billion in 2015 (10.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$7.29 billion | 2025 |
| Five years earlier | US$3.34 billion | 2020 |
| Ten years earlier | US$2.62 billion | 2015 |
| Highest | US$7.29 billion | 2025 |
| Lowest | US$156.41 million | 1992 |
| Average since 2016 | US$4.5 billion | 2016–2025 |
| First recorded | US$156.41 million |
What the numbers say
In 2025, Latvia's service imports (current US$, BoP) rose 21.5% on 2024 (from US$6 billion to US$7.29 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +14.8% and a typical year strayed about 40% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 203.2% in 1996 and the biggest yearly fall was 27.6% 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$481.37 million a year. A straight line explains 91% 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 75th 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.
| Value | Year | |
|---|---|---|
| Latvia | US$7.29 billion | 2025 |
| World | US$8.75 trillion | 2025 |
| Europe & Central Asia | US$4.23 trillion | 2025 |
| High income | US$6.82 trillion | 2025 |
Closest to Latvia in the 2025 ranking
- Costa Rica — 72nd of 136: US$8.62 billion
- Angola — 73rd of 136: US$8.46 billion
- Belarus — 74th of 136: US$7.71 billion
- Macao SAR, China — 76th of 136: US$7.21 billion
- Guatemala — 77th of 136: US$7.08 billion
- Ecuador — 78th of 136: US$6.36 billion
What this measures
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 34 values
| Year | Service imports (current US$, BoP) |
|---|---|
| 2025 | 7,285,434,072 |
| 2024 | 5,995,296,686 |
| 2023 | 5,902,967,805 |
| 2022 | 5,279,823,252 |
| 2021 | 4,322,853,919 |
| 2020 | 3,336,744,937 |
| 2019 | 3,519,254,916 |
| 2018 | 3,534,875,978 |
| 2017 | 3,075,953,076 |
| 2016 | 2,742,957,302 |
| 2015 |
Service imports (current US$, BoP) in nearby economies
- Albania — US$4.55 billion (2025)
- Armenia — US$4.28 billion (2025)
- Austria — US$98.29 billion (2025)
- Azerbaijan — US$10.25 billion (2025)
- Belarus — US$7.71 billion (2025)
- Belgium — US$170.9 billion (2025)
- Bosnia and Herzegovina — US$1.58 billion (2025)
- Bulgaria — US$9.42 billion (2025)
- Croatia — US$9.63 billion (2025)
- Cyprus — US$25.3 billion (2025)
- Czechia
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's service imports (current US$, BoP)?
- US$7.29 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 4,558% from US$156.41 million in 1992 (12.34% a year on average, compounded). The highest value was US$7.29 billion in 2025 and the lowest US$156.41 million in 1992.
- How does Latvia rank?
- 75th highest of 136 economies with data for 2025.
- Is the latest change in service imports (current US$, BoP) unusual for Latvia?
- In 2025, Latvia's service imports (current US$, BoP) rose 21.5% on 2024 (from US$6 billion to US$7.29 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +14.8% and a typical year strayed about 40% from that (the standard deviation). This year's change was 0.2 standard deviations above 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.NFSV.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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