Personal remittances, received in Latvia
Latvia: Personal remittances, received was 3.0% in 2025. ◆ Volatile
Personal remittances, received in Latvia, 1996–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Latvia recorded 3.0% for personal remittances, received in 2025.
Compared with earlier readings it is down 2.4% on the previous year and down 41.5% over ten years.
Over the whole period, personal remittances, received in Latvia peaked at 6.2% in 2009 and was at its lowest, 0.7%, in 1999.
That places Latvia 83rd out of 195 countries with data for 2025, putting it 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 in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | 0.7% | — |
| 1997 | 0.7% | +2.4% |
| 1998 | 0.7% | -1.6% |
| 1999 | 0.7% | -6.3% |
| 2000 | 3.2% | +389.7% |
| 2001 | 3.3% | +2.8% |
| 2002 | 1.2% | -63.6% |
| 2003 | 1.4% | +15.1% |
| 2004 | 1.6% | +12.8% |
| 2005 | 2.3% | +47.1% |
| 2006 | 2.3% | +1.1% |
| 2007 | 1.9% | -20.4% |
| 2008 | 5.6% | +200.7% |
| 2009 | 6.2% | +9.8% |
| 2010 | 5.4% | -13.2% |
| 2011 | 5.7% | +5.7% |
| 2012 | 5.5% | -2.5% |
| 2013 | 5.5% | -0.4% |
| 2014 | 5.1% | -6.8% |
| 2015 | 5.1% | -1.2% |
| 2016 | 4.6% | -10.2% |
| 2017 | 4.3% | -4.8% |
| 2018 | 3.7% | -14.2% |
| 2019 | 3.5% | -7.2% |
| 2020 | 3.3% | -5.5% |
| 2021 | 3.5% | +5.8% |
| 2022 | 3.4% | -1.3% |
| 2023 | 2.9% | -15.2% |
| 2024 | 3.0% | +5.4% |
| 2025 | 3.0% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7% | 0.7% | 0.7% | 4 |
| 2000s | 2.9% | 1.2% | 6.2% | 10 |
| 2010s | 4.8% | 3.5% | 5.7% | 10 |
| 2020s | 3.2% | 2.9% | 3.5% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is personal remittances, received in Latvia?
- Personal remittances, received in Latvia was 3.0% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Latvia?
- The highest recorded value was 6.2% in 2009.
- What is the lowest personal remittances, received recorded in Latvia?
- The lowest recorded value was 0.7% in 1999.
- How does Latvia rank for personal remittances, received?
- Latvia ranks 83rd out of 195 countries with data for 2025.
- Is personal remittances, received rising or falling in Latvia?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.