Services, Credit/Revenue in Latvia
Latvia: Services, Credit/Revenue was 8.42 billion in 2024. ▲ Rising
Services, Credit/Revenue in Latvia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Latvia 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 peaked at 8.42 billion in 2024 and was at its lowest, 2.47 billion, in 2005.
That places Latvia 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.
Services, Credit/Revenue in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2.47 billion | — |
| 2006 | 3.04 billion | +23.0% |
| 2007 | 4.37 billion | +44.1% |
| 2008 | 5.37 billion | +22.8% |
| 2009 | 4.39 billion | -18.3% |
| 2010 | 4.04 billion | -8.1% |
| 2011 | 4.81 billion | +19.2% |
| 2012 | 4.80 billion | -0.2% |
| 2013 | 5.14 billion | +7.1% |
| 2014 | 5.52 billion | +7.5% |
| 2015 | 4.90 billion | -11.2% |
| 2016 | 5.17 billion | +5.5% |
| 2017 | 5.73 billion | +10.8% |
| 2018 | 6.39 billion | +11.6% |
| 2019 | 6.41 billion | +0.2% |
| 2020 | 5.56 billion | -13.3% |
| 2021 | 6.31 billion | +13.6% |
| 2022 | 7.61 billion | +20.5% |
| 2023 | 8.12 billion | +6.8% |
| 2024 | 8.42 billion | +3.7% |
Latvia compared with similar countries
- Latvia's 8.42 billion is below the median for high income countries, which is 24.52 billion, 34% of the median. (72 countries reporting)
- Latvia's 8.42 billion is below the median for Europe & Central Asia, which is 24.52 billion, 34% of the median. (50 countries reporting)
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
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 services, credit/revenue in Latvia?
- Services, credit/revenue in Latvia was 8.42 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Latvia?
- The highest recorded value was 8.42 billion in 2024.
- What is the lowest services, credit/revenue recorded in Latvia?
- The lowest recorded value was 2.47 billion in 2005.
- How does Latvia rank for services, credit/revenue?
- Latvia ranks 73rd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Latvia?
- Over the last ten years it is up 52.5%. 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 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.