Spending by international visitors while visiting a country as a share of GDP in Latvia
Latvia: Spending by international visitors while visiting a country as a share of GDP was 3.1% in 2024. ▲ Rising
Spending by international visitors while visiting a country as a share of GDP in Latvia, 1995–2024
Source: UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in %.
Analysis
Latvia recorded 3.1% for spending by international visitors while visiting a country as a share of gdp in 2024.
Compared with earlier readings it is up 2.1% on the previous year and up 28.1% over five years.
Over the whole period, spending by international visitors while visiting a country as a share of gdp in Latvia peaked at 4.0% in 1996 and was at its lowest, 0.7%, in 1995.
That places Latvia 89th out of 191 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Spending by international visitors while visiting a country as a share of GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 0.7% | — |
| 1996 | 4.0% | +503.7% |
| 1997 | 3.7% | -7.1% |
| 1998 | 3.2% | -14.0% |
| 1999 | 2.1% | -34.4% |
| 2000 | 2.2% | +6.1% |
| 2001 | 1.9% | -15.7% |
| 2002 | 2.2% | +16.3% |
| 2003 | 2.4% | +10.9% |
| 2004 | 2.5% | +2.9% |
| 2005 | 2.7% | +10.3% |
| 2006 | 3.0% | +11.3% |
| 2007 | 3.0% | -1.7% |
| 2020 | 2.4% | -20.4% |
| 2021 | 1.9% | -18.7% |
| 2022 | 2.8% | +45.7% |
| 2023 | 3.0% | +5.9% |
| 2024 | 3.1% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7% | 0.7% | 4.0% | 5 |
| 2000s | 2.5% | 1.9% | 3.0% | 8 |
| 2020s | 2.6% | 1.9% | 3.1% | 5 |
Countries ranked near Latvia
- 86 Ireland 3.2% compare
- 87 Mongolia 3.1% compare
- 88 Australia 3.1% compare
- 90 Trinidad and Tobago 2.9% compare
- 91 Puerto Rico 2.9% compare
- 92 Uzbekistan 2.9% compare
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 18.62 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is spending by international visitors while visiting a country as a share of gdp in Latvia?
- Spending by international visitors while visiting a country as a share of gdp in Latvia was 3.1% in 2024, according to UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest spending by international visitors while visiting a country as a share of gdp recorded in Latvia?
- The highest recorded value was 4.0% in 1996.
- What is the lowest spending by international visitors while visiting a country as a share of gdp recorded in Latvia?
- The lowest recorded value was 0.7% in 1995.
- How does Latvia rank for spending by international visitors while visiting a country as a share of gdp?
- Latvia ranks 89th out of 191 countries with data for 2024.
- Where does this Latvia data come from?
- The figures come from UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Spending by international visitors while visiting a country as a share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.