Personal remittances, received (current US$) (Personal IMF balance) in Latvia
Latvia: Personal remittances, received (current US$) (Personal IMF balance) was 1.44 billion current US$ in 2025. ◆ Volatile
Personal remittances, received in Latvia, 1996–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, personal remittances, received in Latvia stood at 1.44 billion current US$.
Compared with earlier readings it is up 7.9% on the previous year and up 8.0% over ten years.
Over the whole period, personal remittances, received in Latvia peaked at 1.92 billion current US$ in 2008 and was at its lowest, 40.77 million current US$, in 1996.
Latvia ranks 85th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1996 | 40.77 million current US$ | — |
| 1997 | 45.71 million current US$ | +12.1% |
| 1998 | 49.40 million current US$ | +8.1% |
| 1999 | 48.60 million current US$ | -1.6% |
| 2000 | 252.18 million current US$ | +418.9% |
| 2001 | 273.69 million current US$ | +8.5% |
| 2002 | 112.56 million current US$ | -58.9% |
| 2003 | 157.50 million current US$ | +39.9% |
| 2004 | 218.57 million current US$ | +38.8% |
| 2005 | 379.05 million current US$ | +73.4% |
| 2006 | 480.13 million current US$ | +26.7% |
| 2007 | 550.49 million current US$ | +14.7% |
| 2008 | 1.92 billion current US$ | +248.9% |
| 2009 | 1.59 billion current US$ | -17.4% |
| 2010 | 1.26 billion current US$ | -20.8% |
| 2011 | 1.51 billion current US$ | +19.7% |
| 2012 | 1.50 billion current US$ | -0.5% |
| 2013 | 1.60 billion current US$ | +7.1% |
| 2014 | 1.55 billion current US$ | -3.2% |
| 2015 | 1.34 billion current US$ | -14.0% |
| 2016 | 1.23 billion current US$ | -7.5% |
| 2017 | 1.27 billion current US$ | +3.2% |
| 2018 | 1.24 billion current US$ | -2.9% |
| 2019 | 1.14 billion current US$ | -7.7% |
| 2020 | 1.09 billion current US$ | -4.7% |
| 2021 | 1.32 billion current US$ | +21.2% |
| 2022 | 1.29 billion current US$ | -1.8% |
| 2023 | 1.23 billion current US$ | -4.6% |
| 2024 | 1.34 billion current US$ | +8.4% |
| 2025 | 1.44 billion current US$ | +7.9% |
Latvia compared with similar countries
- Latvia's 1.44 billion current US$ is above the median for high income countries, which is 844.01 million current US$, 1.7× the median. (69 countries reporting)
- Latvia's 1.44 billion current US$ is below the median for Europe & Central Asia, which is 2.70 billion current US$, 53% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$) (Personal IMF balance) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +418.9% | 48.60 million current US$ | 252.18 million current US$ |
| 2008 | +248.9% | 550.49 million current US$ | 1.92 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.12 million current US$ | 40.77 million current US$ | 49.40 million current US$ | 4 |
| 2000s | 593.13 million current US$ | 112.56 million current US$ | 1.92 billion current US$ | 10 |
| 2010s | 1.36 billion current US$ | 1.14 billion current US$ | 1.60 billion current US$ | 10 |
| 2020s | 1.29 billion current US$ | 1.09 billion current US$ | 1.44 billion current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is personal remittances, received in Latvia?
- Personal remittances, received in Latvia was 1.44 billion current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Latvia?
- The highest recorded value was 1.92 billion current US$ in 2008.
- What is the lowest personal remittances, received recorded in Latvia?
- The lowest recorded value was 40.77 million current US$ in 1996.
- How does Latvia rank for personal remittances, received?
- Latvia ranks 85th out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in Latvia?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.