Travel services in Latvia
Latvia: Travel services was 20.6% 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 commercial service imports.
Analysis
The most recent figure for travel services in Latvia is 20.6%, measured in 2025.
The figure is down 10.2% on the previous year and down 13.3% over ten years.
Over the whole period, travel services in Latvia peaked at 52.8% in 1996 and was at its lowest, 10.8%, in 1995.
That places Latvia 98th out of 198 countries with data for 2025, putting it 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 commercial service imports | Change |
|---|---|---|
| 1992 | 10.9% | — |
| 1993 | 16.1% | +48.0% |
| 1994 | 14.5% | -10.2% |
| 1995 | 10.8% | -25.2% |
| 1996 | 52.8% | +386.6% |
| 1997 | 50.8% | -3.7% |
| 1998 | 41.5% | -18.3% |
| 1999 | 41.3% | -0.4% |
| 2008 | 34.6% | -16.4% |
| 2009 | 33.5% | -3.2% |
| 2010 | 28.1% | -15.9% |
| 2011 | 27.7% | -1.5% |
| 2012 | 24.8% | -10.6% |
| 2013 | 25.4% | +2.4% |
| 2014 | 25.5% | +0.5% |
| 2015 | 23.8% | -6.8% |
| 2016 | 25.6% | +7.8% |
| 2017 | 23.8% | -7.2% |
| 2018 | 21.9% | -7.7% |
| 2019 | 21.2% | -3.2% |
| 2020 | 16.8% | -20.6% |
| 2021 | 17.4% | +3.1% |
| 2022 | 20.1% | +15.7% |
| 2023 | 22.0% | +9.6% |
| 2024 | 22.9% | +4.2% |
| 2025 | 20.6% | -10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.9% | 10.8% | 52.8% | 8 |
| 2000s | 34.0% | 33.5% | 34.6% | 2 |
| 2010s | 24.8% | 21.2% | 28.1% | 10 |
| 2020s | 20.0% | 16.8% | 22.9% | 6 |
Countries ranked near Latvia
- 95 South Sudan 21.2% compare
- 96 Oman 21.1% compare
- 97 North Macedonia 20.8% compare
- 99 Marshall Islands 20.3% compare
- 100 Saint Vincent and the Grenadines 20.2% compare
- 101 Cambodia 20.2% compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 54.2% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.455 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is travel services in Latvia?
- Travel services in Latvia was 20.6% 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 52.8% in 1996.
- What is the lowest travel services recorded in Latvia?
- The lowest recorded value was 10.8% in 1995.
- How does Latvia rank for travel services?
- Latvia ranks 98th out of 198 countries with data for 2025.
- Is travel services rising or falling in Latvia?
- Over the last ten years it is down 13.3%. 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 commercial service imports). Statizoid updates them automatically from the source API.
Download this data
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 commercial services provided by non-residents to residents.