Travel services in Latvia
Latvia: Travel services was 20.5% in 2025. ▼ Falling
Travel services in Latvia, 1992–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Latvia recorded 20.5% for travel services in 2025.
Compared with earlier readings it is down 10.2% on the previous year and down 12.9% over ten years.
Over the whole period, travel services in Latvia peaked at 50.0% in 1996 and was at its lowest, 8.4%, in 1992.
Latvia ranks 94th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Travel services in Latvia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1992 | 8.4% | — |
| 1993 | 14.1% | +68.7% |
| 1994 | 10.3% | -27.0% |
| 1995 | 9.9% | -4.0% |
| 1996 | 50.0% | +405.0% |
| 1997 | 48.9% | -2.2% |
| 1998 | 37.1% | -24.2% |
| 1999 | 37.8% | +2.1% |
| 2008 | 34.3% | -9.4% |
| 2009 | 33.2% | -3.2% |
| 2010 | 27.9% | -15.9% |
| 2011 | 27.6% | -1.3% |
| 2012 | 24.6% | -10.6% |
| 2013 | 25.2% | +2.3% |
| 2014 | 25.3% | +0.4% |
| 2015 | 23.6% | -6.8% |
| 2016 | 25.5% | +8.0% |
| 2017 | 23.6% | -7.2% |
| 2018 | 21.8% | -7.7% |
| 2019 | 21.1% | -3.2% |
| 2020 | 16.8% | -20.6% |
| 2021 | 17.3% | +3.1% |
| 2022 | 20.0% | +15.9% |
| 2023 | 21.9% | +9.5% |
| 2024 | 22.9% | +4.2% |
| 2025 | 20.5% | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.1% | 8.4% | 50.0% | 8 |
| 2000s | 33.7% | 33.2% | 34.3% | 2 |
| 2010s | 24.6% | 21.1% | 27.9% | 10 |
| 2020s | 19.9% | 16.8% | 22.9% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is travel services in Latvia?
- Travel services in Latvia was 20.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Latvia?
- The highest recorded value was 50.0% in 1996.
- What is the lowest travel services recorded in Latvia?
- The lowest recorded value was 8.4% in 1992.
- How does Latvia rank for travel services?
- Latvia ranks 94th out of 198 countries with data for 2025.
- Is travel services rising or falling in Latvia?
- Over the last ten years it is down 12.9%. The long-run trend across the full record is falling.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.