Latvia: Travel services (% of service imports, BoP)

Key figures

What the numbers say

In 2025, Latvia's travel services (% of service imports, BoP) fell 1.39 percentage points on 2024 (from 25% to 23.6%).

Across the 23 yearly changes before that (1993 to 2024), the average change was +0.88 percentage points and a typical year strayed about 9.2 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 40.11 percentage points in 1996 and the biggest yearly fall was 11.85 percentage points in 1998. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 51st 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.

Closest to Latvia in the 2025 ranking

• Guatemala — 48th of 134: 24.57%
• Bermuda — 49th of 134: 24.06%
• Trinidad and Tobago — 50th of 134: 24.05%
• Czechia — 52nd of 134: 23.39%
• Paraguay — 53rd of 134: 23.04%
• Saudi Arabia — 54th of 134: 22.88%

What this measures

Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. 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

Travel services (% of service imports, BoP) in nearby economies

• Albania — 75.93% (2025)
• Armenia — 54.18% (2025)
• Austria — 18.71% (2025)
• Azerbaijan — 15.08% (2025)
• Belarus — 10.22% (2021)
• Belgium — 15.28% (2025)
• Bosnia and Herzegovina — 39.33% (2025)
• Bulgaria — 24.67% (2025)
• Croatia — 33.29% (2025)
• Cyprus — 9.36% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Latvia's travel services (% of service imports, BoP)?

23.6% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 15.23 percentage points from 8.38% in 1992. The highest value was 50.01% in 1996 and the lowest 8.38% in 1992.

How does Latvia rank?

51st highest of 134 economies with data for 2025.

Is the latest change in travel services (% of service imports, BoP) unusual for Latvia?

In 2025, Latvia's travel services (% of service imports, BoP) fell 1.39 percentage points on 2024 (from 25% to 23.6%). Across the 23 yearly changes before that (1993 to 2024), the average change was +0.88 percentage points and a typical year strayed about 9.2 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 BM.GSR.TRVL.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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