Services, Debit/Expenditure in Latvia
Latvia: Services, Debit/Expenditure was 5.86 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in Latvia stood at 5.86 billion. That is the highest value across all 20 years on record.
That represents a change of up 1.9% on the previous year and up 107.5% over ten years.
Over the whole period, services, debit/expenditure in Latvia peaked at 5.86 billion in 2024 and was at its lowest, 1.60 billion, in 2005.
That places Latvia 88th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.60 billion | — |
| 2006 | 2.05 billion | +27.7% |
| 2007 | 2.81 billion | +37.6% |
| 2008 | 3.32 billion | +18.0% |
| 2009 | 2.40 billion | -27.6% |
| 2010 | 2.32 billion | -3.6% |
| 2011 | 2.78 billion | +19.8% |
| 2012 | 2.76 billion | -0.7% |
| 2013 | 2.84 billion | +2.8% |
| 2014 | 2.83 billion | -0.3% |
| 2015 | 2.62 billion | -7.3% |
| 2016 | 2.74 billion | +4.7% |
| 2017 | 3.08 billion | +12.3% |
| 2018 | 3.56 billion | +15.7% |
| 2019 | 3.54 billion | -0.5% |
| 2020 | 3.30 billion | -6.9% |
| 2021 | 4.26 billion | +29.0% |
| 2022 | 5.13 billion | +20.6% |
| 2023 | 5.76 billion | +12.1% |
| 2024 | 5.86 billion | +1.9% |
Latvia compared with similar countries
- Latvia's 5.86 billion is below the median for high income countries, which is 18.44 billion, 32% of the median. (72 countries reporting)
- Latvia's 5.86 billion is below the median for Europe & Central Asia, which is 18.83 billion, 31% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.44 billion | 1.60 billion | 3.32 billion | 5 |
| 2010s | 2.91 billion | 2.32 billion | 3.56 billion | 10 |
| 2020s | 4.86 billion | 3.30 billion | 5.86 billion | 5 |
Countries ranked near Latvia
More trade data for Latvia
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.53 (2024)
- Imports of low carbon technology products, US dollar (World), per 356.69 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0151 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 467.61 million (2024)
Frequently asked questions
- What is services, debit/expenditure in Latvia?
- Services, debit/expenditure in Latvia was 5.86 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Latvia?
- The highest recorded value was 5.86 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Latvia?
- The lowest recorded value was 1.60 billion in 2005.
- How does Latvia rank for services, debit/expenditure?
- Latvia ranks 88th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Latvia?
- Over the last ten years it is up 107.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.