Latvia: Remittances

* indicates monthly or quarterly data series
 Latvia

Remittances, million USD

 Latest value 772.28
 Year 2022
 Measure million U.S. dollars
 Data availability 1997 - 2022
 Average 563.07
 Min - Max 1.68 - 1321.77
 Source The World Bank
For that indicator, we provide data for Latvia from 1997 to 2022. The average value for Latvia during that period was 563.07 million U.S. dollars with a minimum of 1.68 million U.S. dollars in 1997 and a maximum of 1321.77 million U.S. dollars in 2008. The latest value from 2022 is 772.28 million U.S. dollars. For comparison, the world average in 2022 based on 97 countries is 4900.03 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Remittances - recent values

Historical chart
Latvia - Remittances - historical chart - 1997-2022




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.


 Related indicators Latest value Reference Measure
 Terms of trade 104.67 2021 percent
 Trade openness 147.70 2022 percent
 Exports, percent of GDP 70.34 2022 percent
 Exports, billion dollars 29.47 2022 billion U.S. dollars
 Growth of exports 10.31 2022 percent
 Imports, percent of GDP 76.16 2022 percent
 Imports, billion dollars 31.32 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.97 2022 percent
 Foreign Direct Investment, billion dollars 1.22 2022 billion U.S. dollars
 Portfolio investment inflows, equities -47.36 2022 million dollars (current)
 Current account, percent of GDP -6.40 2022 percent
 Current account, in dollars -1.94 2022 billion U.S. dollars
 Trade balance, percent of GDP -4.53 2022 percent
 Trade balance, in dollars -1.84 2022 billion U.S. dollars
 Reserves 4.46 2022 billion U.S. dollars
 Remittances, percent of GDP 3.26 2022 percent
 Remittances 772.28 2022 million U.S. dollars
 Net errors and omissions 1,050.82 2022 million USD
 Foreign exchange reserves 4.38 9/2023 billion
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