Share of service in total exports in Latvia
Latvia: Share of service in total exports was 21.11 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
21.11 billion BoP, current US$
Change on year
up 4.9%
World rank
80th
of 198 countries
All-time high
21.76 billion BoP, current US$
in 2022
All-time low
799.87 million BoP, current US$
in 1992
Years of data
34
1992–2025
Share of service in total exports in Latvia, 1992–2025
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
In 2025, share of service in total exports in Latvia stood at 21.11 billion BoP, current US$.
That represents a change of up 4.9% on the previous year and up 82.2% over ten years.
Over the whole period, share of service in total exports in Latvia peaked at 21.76 billion BoP, current US$ in 2022 and was at its lowest, 799.87 million BoP, current US$, in 1992.
That places Latvia 80th out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in Latvia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | 799.87 million BoP, current US$ | — |
| 1993 | 1.05 billion BoP, current US$ | +31.8% |
| 1994 | 1.02 billion BoP, current US$ | -3.1% |
| 1995 | 1.37 billion BoP, current US$ | +33.8% |
| 1996 | 1.22 billion BoP, current US$ | -10.7% |
| 1997 | 1.45 billion BoP, current US$ | +18.5% |
| 1998 | 1.59 billion BoP, current US$ | +10.0% |
| 1999 | 1.47 billion BoP, current US$ | -7.5% |
| 2000 | 1.32 billion BoP, current US$ | -10.3% |
| 2001 | 1.47 billion BoP, current US$ | +11.1% |
| 2002 | 1.72 billion BoP, current US$ | +17.0% |
| 2003 | 2.20 billion BoP, current US$ | +28.2% |
| 2004 | 3.36 billion BoP, current US$ | +52.5% |
| 2005 | 4.80 billion BoP, current US$ | +43.1% |
| 2006 | 5.62 billion BoP, current US$ | +17.0% |
| 2007 | 7.76 billion BoP, current US$ | +38.1% |
| 2008 | 9.08 billion BoP, current US$ | +17.0% |
| 2009 | 7.02 billion BoP, current US$ | -22.7% |
| 2010 | 8.83 billion BoP, current US$ | +25.8% |
| 2011 | 11.68 billion BoP, current US$ | +32.3% |
| 2012 | 12.49 billion BoP, current US$ | +6.9% |
| 2013 | 13.08 billion BoP, current US$ | +4.7% |
| 2014 | 13.70 billion BoP, current US$ | +4.7% |
| 2015 | 11.58 billion BoP, current US$ | -15.4% |
| 2016 | 11.61 billion BoP, current US$ | +0.2% |
| 2017 | 13.17 billion BoP, current US$ | +13.4% |
| 2018 | 14.82 billion BoP, current US$ | +12.6% |
| 2019 | 14.29 billion BoP, current US$ | -3.6% |
| 2020 | 15.40 billion BoP, current US$ | +7.8% |
| 2021 | 19.15 billion BoP, current US$ | +24.3% |
| 2022 | 21.76 billion BoP, current US$ | +13.6% |
| 2023 | 20.17 billion BoP, current US$ | -7.3% |
| 2024 | 20.11 billion BoP, current US$ | -0.3% |
| 2025 | 21.11 billion BoP, current US$ | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.25 billion BoP, current US$ | 799.87 million BoP, current US$ | 1.59 billion BoP, current US$ | 8 |
| 2000s | 4.44 billion BoP, current US$ | 1.32 billion BoP, current US$ | 9.08 billion BoP, current US$ | 10 |
| 2010s | 12.52 billion BoP, current US$ | 8.83 billion BoP, current US$ | 14.82 billion BoP, current US$ | 10 |
| 2020s | 19.62 billion BoP, current US$ | 15.40 billion BoP, current US$ | 21.76 billion BoP, current US$ | 6 |
Countries ranked near Latvia
- 77 Uzbekistan 23.02 billion BoP, current US$ compare
- 78 Croatia 21.94 billion BoP, current US$ compare
- 79 Estonia 21.24 billion BoP, current US$ compare
- 81 Cote d'Ivoire 20.80 billion BoP, current US$ compare
- 82 Panama 18.61 billion BoP, current US$ compare
- 83 Uruguay 16.09 billion BoP, current US$ compare
More economy & growth data for Latvia
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
Frequently asked questions
- What is share of service in total exports in Latvia?
- Share of service in total exports in Latvia was 21.11 billion BoP, current US$ in 2025, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Latvia?
- The highest recorded value was 21.76 billion BoP, current US$ in 2022.
- What is the lowest share of service in total exports recorded in Latvia?
- The lowest recorded value was 799.87 million BoP, current US$ in 1992.
- How does Latvia rank for share of service in total exports?
- Latvia ranks 80th out of 198 countries with data for 2025.
- Is share of service in total exports rising or falling in Latvia?
- Over the last ten years it is up 82.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.