Use of goods and services, Transactions in Latvia
Latvia: Use of goods and services, Transactions was 2.48 billion in 2024. ▲ Rising
Use of goods and services, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
In 2024, use of goods and services, transactions in Latvia stood at 2.48 billion.
The figure is down 1.0% on the previous year and up 61.1% over ten years.
Over the whole period, use of goods and services, transactions in Latvia peaked at 2.51 billion in 2023 and was at its lowest, 460.14 million, in 1999.
That places Latvia 33rd out of 35 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Use of goods and services, Transactions in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 460.14 million | — |
| 2000 | 463.01 million | +0.6% |
| 2001 | 561.54 million | +21.3% |
| 2002 | 642.68 million | +14.5% |
| 2003 | 780.65 million | +21.5% |
| 2004 | 910.07 million | +16.6% |
| 2005 | 918.74 million | +1.0% |
| 2006 | 1.08 billion | +17.7% |
| 2007 | 1.28 billion | +18.4% |
| 2008 | 1.57 billion | +22.5% |
| 2009 | 1.20 billion | -23.3% |
| 2010 | 1.23 billion | +2.1% |
| 2011 | 1.38 billion | +12.2% |
| 2012 | 1.38 billion | -0.1% |
| 2013 | 1.48 billion | +7.1% |
| 2014 | 1.54 billion | +4.4% |
| 2015 | 1.59 billion | +2.9% |
| 2016 | 1.52 billion | -4.0% |
| 2017 | 1.62 billion | +6.3% |
| 2018 | 1.71 billion | +5.8% |
| 2019 | 1.94 billion | +13.4% |
| 2020 | 1.97 billion | +1.4% |
| 2021 | 2.08 billion | +5.7% |
| 2022 | 2.43 billion | +16.7% |
| 2023 | 2.51 billion | +3.3% |
| 2024 | 2.48 billion | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 460.14 million | 460.14 million | 460.14 million | 1 |
| 2000s | 940.87 million | 463.01 million | 1.57 billion | 10 |
| 2010s | 1.54 billion | 1.23 billion | 1.94 billion | 10 |
| 2020s | 2.29 billion | 1.97 billion | 2.51 billion | 5 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is use of goods and services, transactions in Latvia?
- Use of goods and services, transactions in Latvia was 2.48 billion in 2024, according to International Monetary Fund.
- What is the highest use of goods and services, transactions recorded in Latvia?
- The highest recorded value was 2.51 billion in 2023.
- What is the lowest use of goods and services, transactions recorded in Latvia?
- The lowest recorded value was 460.14 million in 1999.
- How does Latvia rank for use of goods and services, transactions?
- Latvia ranks 33rd out of 35 countries with data for 2024.
- Is use of goods and services, transactions rising or falling in Latvia?
- Over the last ten years it is up 61.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Use of goods and services, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.