Latvia's transport services (% of service exports, BoP) was 28.28% in 2025, the latest year in the World Bank's World Development Indicators. That is down 15.47 percentage points from 43.74% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 28.28% | 2025 |
| Five years earlier | 29.45% | 2020 |
| Ten years earlier | 43.74% | 2015 |
| Highest | 94.69% | 1992 |
| Lowest | 28.28% | 2025 |
| Average since 2016 | 34.18% | 2016–2025 |
| First recorded | 94.69% | 1992 |
What the numbers say
In 2025, Latvia's transport services (% of service exports, BoP) fell 3.47 percentage points on 2024 (from 31.75% to 28.28%).
Across the 23 yearly changes before that (1993 to 2024), the average change was −1.98 percentage points and a typical year strayed about 8.04 percentage points 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 11.71 percentage points in 1994 and the biggest yearly fall was 31.96 percentage points in 1996. 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 downward, about 1.4 percentage points a year. A straight line explains 74% 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 30th highest value of the 134 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 | 28.28% | 2025 |
| World | 15.43% | 2025 |
| Europe & Central Asia | 15.19% | 2025 |
| High income | 15.42% | 2025 |
Closest to Latvia in the 2025 ranking
- Peru — 26th of 134: 29.83%
- Slovak Republic — 27th of 134: 29.2%
- Kiribati — 28th of 134: 28.61%
- Egypt, Arab Rep. — 30th of 134: 28.07%
- Algeria — 31st of 134: 27.47%
- Slovenia — 32nd of 134: 27%
What this measures
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 26 values
| Year | Transport services (% of service exports, BoP) |
|---|---|
| 2025 | 28.28 |
| 2024 | 31.75 |
| 2023 | 31.76 |
| 2022 | 32.12 |
| 2021 | 29.89 |
| 2020 | 29.45 |
| 2019 | 37.44 |
| 2018 | 39.23 |
| 2017 | 40.93 |
| 2016 | 40.95 |
| 2015 |
Transport services (% of service exports, BoP) in nearby economies
- Albania — 10.9% (2025)
- Armenia — 7.62% (2025)
- Austria — 22.34% (2025)
- Azerbaijan — 42.52% (2025)
- Belarus — 42.31% (2021)
- Belgium — 19.66% (2025)
- Bosnia and Herzegovina — 16.86% (2025)
- Bulgaria — 15.48% (2025)
- Croatia — 6.95% (2025)
- Cyprus — 15.98% (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 transport services (% of service exports, BoP)?
- 28.28% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is down 66.41 percentage points from 94.69% in 1992. The highest value was 94.69% in 1992 and the lowest 28.28% in 2025.
- How does Latvia rank?
- 30th highest of 134 economies with data for 2025.
- Is the latest change in transport services (% of service exports, BoP) unusual for Latvia?
- In 2025, Latvia's transport services (% of service exports, BoP) fell 3.47 percentage points on 2024 (from 31.75% to 28.28%). Across the 23 yearly changes before that (1993 to 2024), the average change was −1.98 percentage points and a typical year strayed about 8.04 percentage points 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.GSR.TRAN.ZS, 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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