Volume of remittances (in United States dollars) as a proportion of in Latvia
Latvia: Volume of remittances (in United States dollars) as a proportion of was 3.1% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Latvia is 3.1%, measured in 2024.
The figure is up 6.1% on the previous year and down 40.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Latvia peaked at 6.2% in 2009 and was at its lowest, 1.2%, in 2002.
Latvia ranks 87th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.2% | — |
| 2001 | 3.3% | +2.8% |
| 2002 | 1.2% | -63.6% |
| 2003 | 1.4% | +15.1% |
| 2004 | 1.6% | +12.8% |
| 2005 | 2.3% | +47.1% |
| 2006 | 2.3% | +1.1% |
| 2007 | 1.9% | -20.4% |
| 2008 | 5.6% | +200.7% |
| 2009 | 6.2% | +9.8% |
| 2010 | 5.4% | -13.2% |
| 2011 | 5.7% | +5.7% |
| 2012 | 5.5% | -2.5% |
| 2013 | 5.5% | -0.4% |
| 2014 | 5.1% | -6.8% |
| 2015 | 5.1% | -1.2% |
| 2016 | 4.6% | -10.2% |
| 2017 | 4.3% | -4.8% |
| 2018 | 3.7% | -14.2% |
| 2019 | 3.5% | -7.2% |
| 2020 | 3.3% | -5.5% |
| 2021 | 3.5% | +5.8% |
| 2022 | 3.4% | -1.3% |
| 2023 | 2.9% | -15.2% |
| 2024 | 3.1% | +6.1% |
Latvia compared with similar countries
- Latvia's 3.1% is above the median for high income countries, which is 0.7%, 4.2× the median. (66 countries reporting)
- Latvia's 3.1% is above the median for Europe & Central Asia, which is 1.5%, 2.0× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +200.7% | 1.9% | 5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | 1.2% | 6.2% | 10 |
| 2010s | 4.8% | 3.5% | 5.7% | 10 |
| 2020s | 3.2% | 2.9% | 3.5% | 5 |
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 volume of remittances (in united states dollars) as a proportion of in Latvia?
- Volume of remittances (in united states dollars) as a proportion of in Latvia was 3.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Latvia?
- The highest recorded value was 6.2% in 2009.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Latvia?
- The lowest recorded value was 1.2% in 2002.
- How does Latvia rank for volume of remittances (in united states dollars) as a proportion of?
- Latvia ranks 87th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Latvia?
- Over the last ten years it is down 40.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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