Trade in services in Latvia
Latvia: Trade in services was 33.7% in 2025. ▲ Rising
Trade in services in Latvia, 1995–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, trade in services in Latvia stood at 33.7%. That is the highest value across all 31 years on record.
The figure is up 3.9% on the previous year and up 18.1% over ten years.
Over the whole period, trade in services in Latvia peaked at 33.7% in 2025 and was at its lowest, 17.2%, in 1995.
That places Latvia 60th out of 200 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Trade in services in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 17.2% | — |
| 1996 | 33.3% | +93.3% |
| 1997 | 28.5% | -14.5% |
| 1998 | 29.2% | +2.5% |
| 1999 | 25.7% | -11.8% |
| 2000 | 20.6% | -20.1% |
| 2001 | 20.2% | -2.0% |
| 2002 | 19.5% | -3.1% |
| 2003 | 23.2% | +18.6% |
| 2004 | 23.1% | -0.1% |
| 2005 | 25.0% | +7.8% |
| 2006 | 24.9% | -0.4% |
| 2007 | 24.4% | -1.7% |
| 2008 | 25.5% | +4.2% |
| 2009 | 26.4% | +3.9% |
| 2010 | 27.1% | +2.4% |
| 2011 | 28.6% | +5.5% |
| 2012 | 27.9% | -2.4% |
| 2013 | 27.4% | -1.9% |
| 2014 | 27.6% | +0.8% |
| 2015 | 28.6% | +3.6% |
| 2016 | 29.2% | +2.2% |
| 2017 | 30.0% | +2.7% |
| 2018 | 29.9% | -0.1% |
| 2019 | 30.1% | +0.4% |
| 2020 | 26.5% | -11.8% |
| 2021 | 27.7% | +4.3% |
| 2022 | 33.5% | +21.1% |
| 2023 | 32.4% | -3.2% |
| 2024 | 32.5% | +0.1% |
| 2025 | 33.7% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.8% | 17.2% | 33.3% | 5 |
| 2000s | 23.3% | 19.5% | 26.4% | 10 |
| 2010s | 28.6% | 27.1% | 30.1% | 10 |
| 2020s | 31.1% | 26.5% | 33.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is trade in services in Latvia?
- Trade in services in Latvia was 33.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Latvia?
- The highest recorded value was 33.7% in 2025.
- What is the lowest trade in services recorded in Latvia?
- The lowest recorded value was 17.2% in 1995.
- How does Latvia rank for trade in services?
- Latvia ranks 60th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Latvia?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.