Service exports (BoP, current US$) in Latvia
Latvia: Service exports (BoP, current US$) was 9.36 billion BoP, current US$ in 2025. ◆ Volatile
Service exports in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latvia recorded 9.36 billion BoP, current US$ for service exports in 2025. That is the highest value across all 34 years on record.
That represents a change of up 11.1% on the previous year and up 90.8% over ten years.
Over the whole period, service exports in Latvia peaked at 9.36 billion BoP, current US$ in 2025 and was at its lowest, 290.53 million BoP, current US$, in 1992.
That places Latvia 73rd out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$) in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 290.53 million BoP, current US$ | — |
| 1993 | 533.39 million BoP, current US$ | +83.6% |
| 1994 | 657.11 million BoP, current US$ | +23.2% |
| 1995 | 720.07 million BoP, current US$ | +9.6% |
| 1996 | 1.19 billion BoP, current US$ | +64.6% |
| 1997 | 1.14 billion BoP, current US$ | -3.6% |
| 1998 | 1.21 billion BoP, current US$ | +6.1% |
| 1999 | 1.18 billion BoP, current US$ | -3.0% |
| 2000 | 1.02 billion BoP, current US$ | -13.0% |
| 2001 | 1.08 billion BoP, current US$ | +5.8% |
| 2002 | 1.19 billion BoP, current US$ | +10.0% |
| 2003 | 1.70 billion BoP, current US$ | +43.2% |
| 2004 | 2.03 billion BoP, current US$ | +18.9% |
| 2005 | 2.47 billion BoP, current US$ | +21.8% |
| 2006 | 3.04 billion BoP, current US$ | +23.0% |
| 2007 | 4.37 billion BoP, current US$ | +44.1% |
| 2008 | 5.37 billion BoP, current US$ | +22.8% |
| 2009 | 4.39 billion BoP, current US$ | -18.3% |
| 2010 | 4.04 billion BoP, current US$ | -8.1% |
| 2011 | 4.81 billion BoP, current US$ | +19.2% |
| 2012 | 4.80 billion BoP, current US$ | -0.2% |
| 2013 | 5.14 billion BoP, current US$ | +7.1% |
| 2014 | 5.52 billion BoP, current US$ | +7.5% |
| 2015 | 4.91 billion BoP, current US$ | -11.2% |
| 2016 | 5.17 billion BoP, current US$ | +5.4% |
| 2017 | 5.73 billion BoP, current US$ | +10.8% |
| 2018 | 6.39 billion BoP, current US$ | +11.6% |
| 2019 | 6.41 billion BoP, current US$ | +0.3% |
| 2020 | 5.56 billion BoP, current US$ | -13.3% |
| 2021 | 6.31 billion BoP, current US$ | +13.6% |
| 2022 | 7.61 billion BoP, current US$ | +20.5% |
| 2023 | 8.12 billion BoP, current US$ | +6.8% |
| 2024 | 8.42 billion BoP, current US$ | +3.7% |
| 2025 | 9.36 billion BoP, current US$ | +11.1% |
Latvia compared with similar countries
- Latvia's 9.36 billion BoP, current US$ is below the median for high income countries, which is 24.69 billion BoP, current US$, 38% of the median. (72 countries reporting)
- Latvia's 9.36 billion BoP, current US$ is below the median for Europe & Central Asia, which is 26.72 billion BoP, current US$, 35% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 864.52 million BoP, current US$ | 290.53 million BoP, current US$ | 1.21 billion BoP, current US$ | 8 |
| 2000s | 2.67 billion BoP, current US$ | 1.02 billion BoP, current US$ | 5.37 billion BoP, current US$ | 10 |
| 2010s | 5.29 billion BoP, current US$ | 4.04 billion BoP, current US$ | 6.41 billion BoP, current US$ | 10 |
| 2020s | 7.56 billion BoP, current US$ | 5.56 billion BoP, current US$ | 9.36 billion BoP, 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 service exports in Latvia?
- Service exports in Latvia was 9.36 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Latvia?
- The highest recorded value was 9.36 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Latvia?
- The lowest recorded value was 290.53 million BoP, current US$ in 1992.
- How does Latvia rank for service exports?
- Latvia ranks 73rd out of 200 countries with data for 2025.
- Is service exports rising or falling in Latvia?
- Over the last ten years it is up 90.8%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. 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.