Average remittance costs of sending $200 to a receiving country as a in Latvia
Latvia: Average remittance costs of sending $200 to a receiving country as a was 5.8% in 2021. ▬ Flat
Latest (2021)
5.8%
Change on year
up 59.4%
World rank
53rd
of 110 countries
All-time high
5.8%
in 2021
All-time low
1.8%
in 2019
Years of data
7
2011–2021
Average remittance costs of sending $200 to a receiving country as a in Latvia, 2011–2021
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Latvia recorded 5.8% for average remittance costs of sending $200 to a receiving country as a in 2021. That is the highest value across all 7 years on record.
That represents a change of up 59.4% on the previous year and up 37.6% over ten years.
Over the whole period, average remittance costs of sending $200 to a receiving country as a in Latvia peaked at 5.8% in 2021 and was at its lowest, 1.8%, in 2019.
Latvia ranks 53rd of 110 countries on this measure, in the middle of the range.
Average remittance costs of sending $200 to a receiving country as a in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 4.2% | — |
| 2015 | 4.8% | +12.5% |
| 2017 | 5.1% | +6.9% |
| 2018 | 4.0% | -21.7% |
| 2019 | 1.8% | -54.2% |
| 2020 | 3.7% | +100.5% |
| 2021 | 5.8% | +59.4% |
Latvia compared with similar countries
- Latvia's 5.8% is above the median for high income countries, which is 5.2%, 1.1× the median. (11 countries reporting)
- Latvia's 5.8% is above the median for Europe & Central Asia, which is 5.1%, 1.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.0% | 1.8% | 5.1% | 5 |
| 2020s | 4.8% | 3.7% | 5.8% | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is average remittance costs of sending $200 to a receiving country as a in Latvia?
- Average remittance costs of sending $200 to a receiving country as a in Latvia was 5.8% in 2021, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average remittance costs of sending $200 to a receiving country as a recorded in Latvia?
- The highest recorded value was 5.8% in 2021.
- What is the lowest average remittance costs of sending $200 to a receiving country as a recorded in Latvia?
- The lowest recorded value was 1.8% in 2019.
- How does Latvia rank for average remittance costs of sending $200 to a receiving country as a?
- Latvia ranks 53rd out of 110 countries with data for 2021.
- Is average remittance costs of sending $200 to a receiving country as a rising or falling in Latvia?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average remittance costs of sending $200 to a receiving country as a proportion of the amount remitted (%). Statizoid updates them automatically from the source API.
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