Net secondary income (Net current transfers from abroad) in Latvia
Latvia: Net secondary income (Net current transfers from abroad) was 919.89 million current US$ 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 US$.
Analysis
Latvia recorded 919.89 million current US$ for net secondary income (net current transfers from abroad) in 2024.
That represents a change of down 0.2% on the previous year and up 131.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Latvia peaked at 922.15 million current US$ in 2023 and was at its lowest, 72.65 million current US$, in 1995.
That places Latvia 74th out of 202 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 72.65 million current US$ | — |
| 1996 | 93.65 million current US$ | +28.9% |
| 1997 | 77.42 million current US$ | -17.3% |
| 1998 | 124.04 million current US$ | +60.2% |
| 1999 | 92.82 million current US$ | -25.2% |
| 2000 | 195.07 million current US$ | +110.1% |
| 2001 | 144.47 million current US$ | -25.9% |
| 2002 | 261.99 million current US$ | +81.3% |
| 2003 | 528.85 million current US$ | +101.9% |
| 2004 | 750.45 million current US$ | +41.9% |
| 2005 | 623.35 million current US$ | -16.9% |
| 2006 | 539.10 million current US$ | -13.5% |
| 2007 | 469.59 million current US$ | -12.9% |
| 2008 | 650.41 million current US$ | +38.5% |
| 2009 | 739.95 million current US$ | +13.8% |
| 2010 | 686.33 million current US$ | -7.2% |
| 2011 | 747.36 million current US$ | +8.9% |
| 2012 | 680.51 million current US$ | -8.9% |
| 2013 | 629.04 million current US$ | -7.6% |
| 2014 | 396.76 million current US$ | -36.9% |
| 2015 | 420.23 million current US$ | +5.9% |
| 2016 | 376.87 million current US$ | -10.3% |
| 2017 | 644.00 million current US$ | +70.9% |
| 2018 | 582.51 million current US$ | -9.5% |
| 2019 | 482.90 million current US$ | -17.1% |
| 2020 | 520.79 million current US$ | +7.8% |
| 2021 | 374.04 million current US$ | -28.2% |
| 2022 | 446.02 million current US$ | +19.2% |
| 2023 | 922.15 million current US$ | +106.8% |
| 2024 | 919.89 million current US$ | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 92.12 million current US$ | 72.65 million current US$ | 124.04 million current US$ | 5 |
| 2000s | 490.32 million current US$ | 144.47 million current US$ | 750.45 million current US$ | 10 |
| 2010s | 564.65 million current US$ | 376.87 million current US$ | 747.36 million current US$ | 10 |
| 2020s | 636.58 million current US$ | 374.04 million current US$ | 922.15 million current US$ | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.1724 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 4,535 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Latvia?
- Net secondary income (net current transfers from abroad) in Latvia was 919.89 million current US$ 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 922.15 million current US$ in 2023.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Latvia?
- The lowest recorded value was 72.65 million current US$ in 1995.
- How does Latvia rank for net secondary income (net current transfers from abroad)?
- Latvia ranks 74th 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 131.8%. 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 US$). 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 indicator is expressed in United States dollars.