Payment services (sent), direct debits and credit transfers (Euro) in Latvia
Latvia: Payment services (sent), direct debits and credit transfers (Euro) was 274,923 in 2021. ▲ Rising
Payment services (sent), direct debits and credit transfers in Latvia, 2007–2021
Source: European Central Bank.
Analysis
The most recent figure for payment services (sent), direct debits and credit transfers in Latvia is 274,923, measured in 2021.
That represents a change of up 2.5% on the previous year and up 20.7% over ten years.
Over the whole period, payment services (sent), direct debits and credit transfers in Latvia peaked at 342,972 in 2014 and was at its lowest, 4,312, in 2007.
Latvia ranks 19th of 24 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Payment services (sent), direct debits and credit transfers (Euro) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 4,312 | — |
| 2008 | 70,108 | +1525.8% |
| 2009 | 200,490 | +186.0% |
| 2010 | 199,993 | -0.2% |
| 2011 | 227,758 | +13.9% |
| 2012 | 185,926 | -18.4% |
| 2013 | 131,955 | -29.0% |
| 2014 | 342,972 | +159.9% |
| 2015 | 264,660 | -22.8% |
| 2016 | 235,051 | -11.2% |
| 2017 | 240,385 | +2.3% |
| 2018 | 199,516 | -17.0% |
| 2019 | 209,151 | +4.8% |
| 2020 | 268,120 | +28.2% |
| 2021 | 274,923 | +2.5% |
Latvia compared with similar countries
- Latvia's 274,923 is below the median for Europe & Central Asia, which is 1.21 million, 23% of the median. (23 countries reporting)
- Latvia's 274,923 is below the median for high income countries, which is 1.18 million, 23% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Payment services (sent), direct debits and credit transfers (Euro) 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 | +1525.8% | 4,312 | 70,108 |
| 2009 | +186.0% | 70,108 | 200,490 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 91,637 | 4,312 | 200,490 | 3 |
| 2010s | 223,737 | 131,955 | 342,972 | 10 |
| 2020s | 271,522 | 268,120 | 274,923 | 2 |
Countries ranked near Latvia
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is payment services (sent), direct debits and credit transfers in Latvia?
- Payment services (sent), direct debits and credit transfers in Latvia was 274,923 in 2021, according to European Central Bank.
- What is the highest payment services (sent), direct debits and credit transfers recorded in Latvia?
- The highest recorded value was 342,972 in 2014.
- What is the lowest payment services (sent), direct debits and credit transfers recorded in Latvia?
- The lowest recorded value was 4,312 in 2007.
- How does Latvia rank for payment services (sent), direct debits and credit transfers?
- Latvia ranks 19th out of 24 countries with data for 2021.
- Is payment services (sent), direct debits and credit transfers rising or falling in Latvia?
- Over the last ten years it is up 20.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from European Central Bank, published as part of Payment services (sent), direct debits and credit transfers (Euro, Euro). Statizoid updates them automatically from the source API.
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