Latvia's transport services (% of service imports, BoP) was 21.37% in 2025, the latest year in the World Bank's World Development Indicators. That is down 12.13 percentage points from 33.5% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 21.37% | 2025 |
| Five years earlier | 24.56% | 2020 |
| Ten years earlier | 33.5% | 2015 |
| Highest | 63.65% | 1993 |
| Lowest | 21.37% | 2025 |
| Average since 2016 | 26.16% | 2016–2025 |
| First recorded | 63.19% | 1992 |
What the numbers say
In 2025, Latvia's transport services (% of service imports, BoP) fell 1.54 percentage points on 2024 (from 22.91% to 21.37%).
Across the 23 yearly changes before that (1993 to 2024), the average change was −1.67 percentage points and a typical year strayed about 9.93 percentage points from that (the standard deviation). This year's change was 0.0 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 16.4 percentage points in 1995 and the biggest yearly fall was 39.07 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 1.07 percentage points 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.
A straight-line projection, tested first
Extending that straight line gives about 18.02% for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 0.86%, against 1.79% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Latvia had the 84th 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 | 21.37% | 2025 |
| World | 18.72% | 2025 |
| Europe & Central Asia | 15.73% | 2025 |
| High income | 17.29% | 2025 |
Closest to Latvia in the 2025 ranking
- Portugal — 81st of 134: 22.38%
- Costa Rica — 82nd of 134: 21.77%
- Armenia — 83rd of 134: 21.72%
- Bermuda — 85th of 134: 21.31%
- Antigua and Barbuda — 86th of 134: 21.26%
- Czechia — 87th of 134: 21.26%
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 imports which are services provided by non-residents to residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 26 values
| Year | Transport services (% of service imports, BoP) |
|---|---|
| 2025 | 21.37 |
| 2024 | 22.91 |
| 2023 | 23.8 |
| 2022 | 24.48 |
| 2021 | 24.77 |
| 2020 | 24.56 |
| 2019 | 29.45 |
| 2018 | 29.65 |
| 2017 | 30.31 |
| 2016 | 30.26 |
| 2015 |
Transport services (% of service imports, BoP) in nearby economies
- Albania — 10.4% (2025)
- Armenia — 21.72% (2025)
- Austria — 23.04% (2025)
- Azerbaijan — 16.86% (2025)
- Belarus — 43.61% (2021)
- Belgium — 17.51% (2025)
- Bosnia and Herzegovina — 34.06% (2025)
- Bulgaria — 30.55% (2025)
- Croatia — 13.7% (2025)
- Cyprus — 19.2% (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 imports, BoP)?
- 21.37% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is down 41.82 percentage points from 63.19% in 1992. The highest value was 63.65% in 1993 and the lowest 21.37% in 2025.
- How does Latvia rank?
Source
World Bank, World Development Indicators, indicator BM.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.
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.
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