Services, Credit/Revenue in Latvia, Republic of
Latvia, Republic of: Services, Credit/Revenue was 8.42 billion in 2024. β² Rising
Services, Credit/Revenue in Latvia, Republic of, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Latvia, Republic of stood at 8.42 billion. That is the highest value across all 20 years on record.
The figure is up 3.7% on the previous year and up 52.5% over ten years.
Over the whole period, services, credit/revenue in Latvia, Republic of peaked at 8.42 billion in 2024 and was at its lowest, 2.47 billion, in 2005.
That places Latvia, Republic of 73rd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.93 billion | 2.47 billion | 5.37 billion | 5 |
| 2010s | 5.29 billion | 4.04 billion | 6.41 billion | 10 |
| 2020s | 7.20 billion | 5.56 billion | 8.42 billion | 5 |
Countries ranked near Latvia, Republic of
More financial sector data for Latvia, Republic of
- Domestic credit to private sector by banks 29.3% (2024)
- Total reserves in months of imports 2.02 (2025)
- Net domestic credit 16.04 billion current LCU (2024)
- Net foreign assets 9.50 billion current LCU (2024)
- Monetary Sector credit to private sector 29.3% (2024)
- Claims on central government, etc. 3.5% (2024)
- Domestic credit to private sector 29.3% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration -7,330 (2025)
- Net migration, annual growth rate -229.44 % change on previous year (2025)
Frequently asked questions
- What is services, credit/revenue in Latvia, Republic of?
- Services, credit/revenue in Latvia, Republic of was 8.42 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Latvia, Republic of?
- The highest recorded value was 8.42 billion in 2024.
- What is the lowest services, credit/revenue recorded in Latvia, Republic of?
- The lowest recorded value was 2.47 billion in 2005.
- How does Latvia, Republic of rank for services, credit/revenue?
- Latvia, Republic of ranks 73rd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Latvia, Republic of?
- Over the last ten years it is up 52.5%. The long-run trend across the full record is rising.
- Where does this Latvia, Republic of data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.