Secondary income, other sectors, payments in Latvia
Latvia: Secondary income, other sectors, payments was 828.96 million BoP, current US$ in 2025. ◆ Volatile
Secondary income, other sectors, payments in Latvia, 1993–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for secondary income, other sectors, payments in Latvia is 828.96 million BoP, current US$, measured in 2025.
The figure is up 42.9% on the previous year and up 163.0% over ten years.
Over the whole period, secondary income, other sectors, payments in Latvia peaked at 1.14 billion BoP, current US$ in 2007 and was at its lowest, 35,000 BoP, current US$, in 1993.
Latvia ranks 72nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1993 | 35,000 BoP, current US$ | — |
| 1997 | 9.18 million BoP, current US$ | +26128.6% |
| 1998 | 7.10 million BoP, current US$ | -22.7% |
| 1999 | 14.20 million BoP, current US$ | +100.0% |
| 2000 | 160.00 million BoP, current US$ | +1026.8% |
| 2001 | 173.73 million BoP, current US$ | +8.6% |
| 2002 | 219.64 million BoP, current US$ | +26.4% |
| 2003 | 346.95 million BoP, current US$ | +58.0% |
| 2004 | 401.81 million BoP, current US$ | +15.8% |
| 2005 | 476.60 million BoP, current US$ | +18.6% |
| 2006 | 926.12 million BoP, current US$ | +94.3% |
| 2007 | 1.14 billion BoP, current US$ | +23.4% |
| 2008 | 947.63 million BoP, current US$ | -17.1% |
| 2009 | 684.42 million BoP, current US$ | -27.8% |
| 2010 | 370.41 million BoP, current US$ | -45.9% |
| 2011 | 438.07 million BoP, current US$ | +18.3% |
| 2012 | 394.37 million BoP, current US$ | -10.0% |
| 2013 | 438.96 million BoP, current US$ | +11.3% |
| 2014 | 359.71 million BoP, current US$ | -18.1% |
| 2015 | 315.23 million BoP, current US$ | -12.4% |
| 2016 | 317.79 million BoP, current US$ | +0.8% |
| 2017 | 299.29 million BoP, current US$ | -5.8% |
| 2018 | 333.97 million BoP, current US$ | +11.6% |
| 2019 | 326.47 million BoP, current US$ | -2.2% |
| 2020 | 264.16 million BoP, current US$ | -19.1% |
| 2021 | 474.03 million BoP, current US$ | +79.4% |
| 2022 | 623.48 million BoP, current US$ | +31.5% |
| 2023 | 487.53 million BoP, current US$ | -21.8% |
| 2024 | 580.11 million BoP, current US$ | +19.0% |
| 2025 | 828.96 million BoP, current US$ | +42.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.63 million BoP, current US$ | 35,000 BoP, current US$ | 14.20 million BoP, current US$ | 4 |
| 2000s | 548.01 million BoP, current US$ | 160.00 million BoP, current US$ | 1.14 billion BoP, current US$ | 10 |
| 2010s | 359.43 million BoP, current US$ | 299.29 million BoP, current US$ | 438.96 million BoP, current US$ | 10 |
| 2020s | 543.05 million BoP, current US$ | 264.16 million BoP, current US$ | 828.96 million BoP, current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is secondary income, other sectors, payments in Latvia?
- Secondary income, other sectors, payments in Latvia was 828.96 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Latvia?
- The highest recorded value was 1.14 billion BoP, current US$ in 2007.
- What is the lowest secondary income, other sectors, payments recorded in Latvia?
- The lowest recorded value was 35,000 BoP, current US$ in 1993.
- How does Latvia rank for secondary income, other sectors, payments?
- Latvia ranks 72nd out of 197 countries with data for 2025.
- Is secondary income, other sectors, payments rising or falling in Latvia?
- Over the last ten years it is up 163.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.