Service imports (BoP, current US$) in Latvia
Latvia: Service imports (BoP, current US$) was 7.29 billion BoP, current US$ in 2025. ◆ Volatile
Service imports in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latvia recorded 7.29 billion BoP, current US$ for service imports in 2025. That is the highest value across all 34 years on record.
The figure is up 21.5% on the previous year and up 178.5% over ten years.
Over the whole period, service imports in Latvia peaked at 7.29 billion BoP, current US$ in 2025 and was at its lowest, 156.41 million BoP, current US$, in 1992.
Latvia ranks 77th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$) in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 156.41 million BoP, current US$ | — |
| 1993 | 204.78 million BoP, current US$ | +30.9% |
| 1994 | 296.65 million BoP, current US$ | +44.9% |
| 1995 | 245.99 million BoP, current US$ | -17.1% |
| 1996 | 745.92 million BoP, current US$ | +203.2% |
| 1997 | 665.89 million BoP, current US$ | -10.7% |
| 1998 | 823.30 million BoP, current US$ | +23.6% |
| 1999 | 709.30 million BoP, current US$ | -13.8% |
| 2000 | 574.23 million BoP, current US$ | -19.0% |
| 2001 | 568.95 million BoP, current US$ | -0.9% |
| 2002 | 617.00 million BoP, current US$ | +8.4% |
| 2003 | 901.32 million BoP, current US$ | +46.1% |
| 2004 | 1.17 billion BoP, current US$ | +30.3% |
| 2005 | 1.60 billion BoP, current US$ | +36.4% |
| 2006 | 2.05 billion BoP, current US$ | +27.7% |
| 2007 | 2.81 billion BoP, current US$ | +37.6% |
| 2008 | 3.32 billion BoP, current US$ | +18.0% |
| 2009 | 2.40 billion BoP, current US$ | -27.6% |
| 2010 | 2.32 billion BoP, current US$ | -3.6% |
| 2011 | 2.78 billion BoP, current US$ | +19.8% |
| 2012 | 2.76 billion BoP, current US$ | -0.7% |
| 2013 | 2.84 billion BoP, current US$ | +2.8% |
| 2014 | 2.83 billion BoP, current US$ | -0.3% |
| 2015 | 2.62 billion BoP, current US$ | -7.4% |
| 2016 | 2.74 billion BoP, current US$ | +4.9% |
| 2017 | 3.08 billion BoP, current US$ | +12.1% |
| 2018 | 3.53 billion BoP, current US$ | +14.9% |
| 2019 | 3.52 billion BoP, current US$ | -0.4% |
| 2020 | 3.34 billion BoP, current US$ | -5.2% |
| 2021 | 4.32 billion BoP, current US$ | +29.6% |
| 2022 | 5.28 billion BoP, current US$ | +22.1% |
| 2023 | 5.90 billion BoP, current US$ | +11.8% |
| 2024 | 6.00 billion BoP, current US$ | +1.6% |
| 2025 | 7.29 billion BoP, current US$ | +21.5% |
Latvia compared with similar countries
- Latvia's 7.29 billion BoP, current US$ is below the median for high income countries, which is 18.89 billion BoP, current US$, 39% of the median. (72 countries reporting)
- Latvia's 7.29 billion BoP, current US$ is below the median for Europe & Central Asia, which is 17.48 billion BoP, current US$, 42% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Service imports (BoP, current US$) 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 |
|---|---|---|---|
| 1996 | +203.2% | 245.99 million BoP, current US$ | 745.92 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 481.03 million BoP, current US$ | 156.41 million BoP, current US$ | 823.30 million BoP, current US$ | 8 |
| 2000s | 1.60 billion BoP, current US$ | 568.95 million BoP, current US$ | 3.32 billion BoP, current US$ | 10 |
| 2010s | 2.90 billion BoP, current US$ | 2.32 billion BoP, current US$ | 3.53 billion BoP, current US$ | 10 |
| 2020s | 5.35 billion BoP, current US$ | 3.34 billion BoP, current US$ | 7.29 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 74 Costa Rica 8.62 billion BoP, current US$ compare
- 75 Angola 8.46 billion BoP, current US$ compare
- 76 Belarus 7.71 billion BoP, current US$ compare
- 78 Macao 7.21 billion BoP, current US$ compare
- 79 Guatemala 7.08 billion BoP, current US$ compare
- 80 Cote d'Ivoire 6.63 billion BoP, current US$ compare
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 imports in Latvia?
- Service imports in Latvia was 7.29 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 imports recorded in Latvia?
- The highest recorded value was 7.29 billion BoP, current US$ in 2025.
- What is the lowest service imports recorded in Latvia?
- The lowest recorded value was 156.41 million BoP, current US$ in 1992.
- How does Latvia rank for service imports?
- Latvia ranks 77th out of 200 countries with data for 2025.
- Is service imports rising or falling in Latvia?
- Over the last ten years it is up 178.5%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.