Imports of goods and services (constant 2015 US$) in Latvia
Latvia: Imports of goods and services (constant 2015 US$) was 25.44 billion constant 2015 US$ in 2025. ▲ Rising
Imports of goods and services in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Latvia recorded 25.44 billion constant 2015 US$ for imports of goods and services in 2025.
The figure is up 5.7% on the previous year and up 51.4% over ten years.
Over the whole period, imports of goods and services in Latvia peaked at 25.80 billion constant 2015 US$ in 2022 and was at its lowest, 4.49 billion constant 2015 US$, in 1995.
Latvia ranks 84th of 172 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Imports of goods and services (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 4.49 billion constant 2015 US$ | — |
| 1996 | 5.70 billion constant 2015 US$ | +26.7% |
| 1997 | 5.95 billion constant 2015 US$ | +4.5% |
| 1998 | 6.95 billion constant 2015 US$ | +16.8% |
| 1999 | 6.59 billion constant 2015 US$ | -5.2% |
| 2000 | 6.77 billion constant 2015 US$ | +2.8% |
| 2001 | 7.83 billion constant 2015 US$ | +15.6% |
| 2002 | 8.04 billion constant 2015 US$ | +2.7% |
| 2003 | 8.99 billion constant 2015 US$ | +11.8% |
| 2004 | 10.84 billion constant 2015 US$ | +20.6% |
| 2005 | 12.68 billion constant 2015 US$ | +17.0% |
| 2006 | 15.44 billion constant 2015 US$ | +21.8% |
| 2007 | 18.13 billion constant 2015 US$ | +17.4% |
| 2008 | 16.09 billion constant 2015 US$ | -11.2% |
| 2009 | 11.12 billion constant 2015 US$ | -30.9% |
| 2010 | 12.54 billion constant 2015 US$ | +12.7% |
| 2011 | 15.37 billion constant 2015 US$ | +22.6% |
| 2012 | 16.17 billion constant 2015 US$ | +5.2% |
| 2013 | 16.15 billion constant 2015 US$ | -0.1% |
| 2014 | 16.64 billion constant 2015 US$ | +3.0% |
| 2015 | 16.80 billion constant 2015 US$ | +1.0% |
| 2016 | 17.51 billion constant 2015 US$ | +4.2% |
| 2017 | 19.01 billion constant 2015 US$ | +8.6% |
| 2018 | 20.21 billion constant 2015 US$ | +6.3% |
| 2019 | 20.62 billion constant 2015 US$ | +2.0% |
| 2020 | 20.39 billion constant 2015 US$ | -1.1% |
| 2021 | 23.48 billion constant 2015 US$ | +15.1% |
| 2022 | 25.80 billion constant 2015 US$ | +9.9% |
| 2023 | 24.50 billion constant 2015 US$ | -5.0% |
| 2024 | 24.07 billion constant 2015 US$ | -1.8% |
| 2025 | 25.44 billion constant 2015 US$ | +5.7% |
Latvia compared with similar countries
- Latvia's 25.44 billion constant 2015 US$ is below the median for high income countries, which is 97.94 billion constant 2015 US$, 26% of the median. (63 countries reporting)
- Latvia's 25.44 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 79.07 billion constant 2015 US$, 32% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.94 billion constant 2015 US$ | 4.49 billion constant 2015 US$ | 6.95 billion constant 2015 US$ | 5 |
| 2000s | 11.59 billion constant 2015 US$ | 6.77 billion constant 2015 US$ | 18.13 billion constant 2015 US$ | 10 |
| 2010s | 17.10 billion constant 2015 US$ | 12.54 billion constant 2015 US$ | 20.62 billion constant 2015 US$ | 10 |
| 2020s | 23.95 billion constant 2015 US$ | 20.39 billion constant 2015 US$ | 25.80 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 81 Sri Lanka 25.61 billion constant 2015 US$ compare
- 82 Cote d'Ivoire 25.53 billion constant 2015 US$ compare
- 83 Ethiopia 25.50 billion constant 2015 US$ compare
- 85 Malta 22.87 billion constant 2015 US$ compare
- 86 Macao 22.55 billion constant 2015 US$ compare
- 87 Paraguay 19.72 billion constant 2015 US$ compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services in Latvia?
- Imports of goods and services in Latvia was 25.44 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Latvia?
- The highest recorded value was 25.80 billion constant 2015 US$ in 2022.
- What is the lowest imports of goods and services recorded in Latvia?
- The lowest recorded value was 4.49 billion constant 2015 US$ in 1995.
- How does Latvia rank for imports of goods and services?
- Latvia ranks 84th out of 172 countries with data for 2025.
- Is imports of goods and services rising or falling in Latvia?
- Over the last ten years it is up 51.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.