Net secondary income (Net current transfers from abroad) in Latvia
Latvia: Net secondary income (Net current transfers from abroad) was 849.88 million current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Latvia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Latvia recorded 849.88 million current LCU for net secondary income (net current transfers from abroad) in 2024.
Compared with earlier readings it is down 0.3% on the previous year and up 184.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Latvia peaked at 852.84 million current LCU in 2023 and was at its lowest, 50.95 million current LCU, in 1995.
Latvia ranks 118th of 202 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 50.95 million current LCU | — |
| 1996 | 73.39 million current LCU | +44.0% |
| 1997 | 63.99 million current LCU | -12.8% |
| 1998 | 104.11 million current LCU | +62.7% |
| 1999 | 77.28 million current LCU | -25.8% |
| 2000 | 168.34 million current LCU | +117.8% |
| 2001 | 129.07 million current LCU | -23.3% |
| 2002 | 230.45 million current LCU | +78.5% |
| 2003 | 430.01 million current LCU | +86.6% |
| 2004 | 576.87 million current LCU | +34.2% |
| 2005 | 500.86 million current LCU | -13.2% |
| 2006 | 429.88 million current LCU | -14.2% |
| 2007 | 343.31 million current LCU | -20.1% |
| 2008 | 444.95 million current LCU | +29.6% |
| 2009 | 532.32 million current LCU | +19.6% |
| 2010 | 518.21 million current LCU | -2.7% |
| 2011 | 537.62 million current LCU | +3.7% |
| 2012 | 529.64 million current LCU | -1.5% |
| 2013 | 473.76 million current LCU | -10.5% |
| 2014 | 298.66 million current LCU | -37.0% |
| 2015 | 378.75 million current LCU | +26.8% |
| 2016 | 340.48 million current LCU | -10.1% |
| 2017 | 570.08 million current LCU | +67.4% |
| 2018 | 493.25 million current LCU | -13.5% |
| 2019 | 431.36 million current LCU | -12.5% |
| 2020 | 455.95 million current LCU | +5.7% |
| 2021 | 316.25 million current LCU | -30.6% |
| 2022 | 423.55 million current LCU | +33.9% |
| 2023 | 852.84 million current LCU | +101.4% |
| 2024 | 849.88 million current LCU | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73.94 million current LCU | 50.95 million current LCU | 104.11 million current LCU | 5 |
| 2000s | 378.61 million current LCU | 129.07 million current LCU | 576.87 million current LCU | 10 |
| 2010s | 457.18 million current LCU | 298.66 million current LCU | 570.08 million current LCU | 10 |
| 2020s | 579.69 million current LCU | 316.25 million current LCU | 852.84 million current LCU | 5 |
Countries ranked near Latvia
- 115 Fiji 1.13 billion current LCU compare
- 116 Liberia 979.00 million current LCU compare
- 117 Papua New Guinea 931.74 million current LCU compare
- 119 Samoa 756.10 million current LCU compare
- 120 Trinidad and Tobago 632.36 million current LCU compare
- 121 Sao Tome and Principe 604.60 million current LCU compare
More economy & growth data for Latvia
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
- GDP (current US$), per capita 26,312 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.84 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 0.885 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 23,285 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Latvia?
- Net secondary income (net current transfers from abroad) in Latvia was 849.88 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Latvia?
- The highest recorded value was 852.84 million current LCU in 2023.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Latvia?
- The lowest recorded value was 50.95 million current LCU in 1995.
- How does Latvia rank for net secondary income (net current transfers from abroad)?
- Latvia ranks 118th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Latvia?
- Over the last ten years it is up 184.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.