Service imports in Latvia
Latvia: Service imports was 7.07 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$.
Analysis
Latvia recorded 7.07 billion BoP, current US$ for service imports in 2025. That is the highest value across all 34 years on record.
The figure is up 20.6% on the previous year and up 170.1% over ten years.
Over the whole period, service imports in Latvia peaked at 7.07 billion BoP, current US$ in 2025 and was at its lowest, 156.41 million BoP, current US$, in 1992.
Latvia ranks 78th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 481.03 million BoP, current US$ | 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 | 2.91 billion BoP, current US$ | 2.32 billion BoP, current US$ | 3.56 billion BoP, current US$ | 10 |
| 2020s | 5.23 billion BoP, current US$ | 3.30 billion BoP, current US$ | 7.07 billion BoP, current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of gdp -4.58 (2025)
- Inflation of consumer prices 3.75 (2025)
- Gdp per capita worldbank constant usd 16,892 (2025)
- Manufacturing value added to gdp 9.99 (2025)
- Gdp worldbank constant usd 31.21 billion (2025)
- Gdp per capita in international and market dollars 16,892 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is service imports in Latvia?
- Service imports in Latvia was 7.07 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 7.07 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 78th out of 198 countries with data for 2025.
- Is service imports rising or falling in Latvia?
- Over the last ten years it is up 170.1%. 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.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.