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% |
Latvia compared with similar countries
- Latvia's 21.11 billion BoP, current US$ is below the median for high income countries, which is 47.85 billion BoP, current US$, 44% of the median. (72 countries reporting)
- Latvia's 21.11 billion BoP, current US$ is below the median for Europe & Central Asia, which is 47.85 billion BoP, current US$, 44% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.25 billion BoP, current US$ | 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
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % 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.