Spending by a country’s residents while travelling abroad in Latvia
Latvia: Spending by a country’s residents while travelling abroad was 1.42 billion current US$ in 2024. ◆ Volatile
Spending by a country’s residents while travelling abroad in Latvia, 1995–2024
Source: UN Tourism (2025) – processed by Our World in Data. Measured in current US$.
Analysis
The most recent figure for spending by a country’s residents while travelling abroad in Latvia is 1.42 billion current US$, measured in 2024. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 12.2% on the previous year and up 156.2% over five years.
Over the whole period, spending by a country’s residents while travelling abroad in Latvia peaked at 1.42 billion current US$ in 2024 and was at its lowest, 62.00 million current US$, in 1995.
That places Latvia 92nd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Spending by a country’s residents while travelling abroad in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 62.00 million current US$ | — |
| 1996 | 407.00 million current US$ | +556.5% |
| 1997 | 379.00 million current US$ | -6.9% |
| 1998 | 355.00 million current US$ | -6.3% |
| 1999 | 321.00 million current US$ | -9.6% |
| 2000 | 281.00 million current US$ | -12.5% |
| 2001 | 255.00 million current US$ | -9.3% |
| 2002 | 267.00 million current US$ | +4.7% |
| 2003 | 365.00 million current US$ | +36.7% |
| 2004 | 428.00 million current US$ | +17.3% |
| 2005 | 655.00 million current US$ | +53.0% |
| 2006 | 788.00 million current US$ | +20.3% |
| 2007 | 1.02 billion current US$ | +29.6% |
| 2020 | 552.99 million current US$ | -45.8% |
| 2021 | 735.58 million current US$ | +33.0% |
| 2022 | 1.03 billion current US$ | +39.8% |
| 2023 | 1.26 billion current US$ | +22.8% |
| 2024 | 1.42 billion current US$ | +12.2% |
Latvia compared with similar countries
- Latvia's 1.42 billion current US$ is below the median for high income countries, which is 4.47 billion current US$, 32% of the median. (71 countries reporting)
- Latvia's 1.42 billion current US$ is below the median for Europe & Central Asia, which is 4.98 billion current US$, 28% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Spending by a country’s residents while travelling abroad in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +556.5% | 62.00 million current US$ | 407.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 304.80 million current US$ | 62.00 million current US$ | 407.00 million current US$ | 5 |
| 2000s | 507.50 million current US$ | 255.00 million current US$ | 1.02 billion current US$ | 8 |
| 2020s | 999.14 million current US$ | 552.99 million current US$ | 1.42 billion current US$ | 5 |
Countries ranked near Latvia
- 89 Macao 1.62 billion current US$ compare
- 90 Puerto Rico 1.44 billion current US$ compare
- 91 Panama 1.42 billion current US$ compare
- 93 El Salvador 1.20 billion current US$ compare
- 94 Dominican Republic 1.14 billion current US$ compare
- 95 Georgia 1.04 billion current US$ compare
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is spending by a country’s residents while travelling abroad in Latvia?
- Spending by a country’s residents while travelling abroad in Latvia was 1.42 billion current US$ in 2024, according to UN Tourism (2025) – processed by Our World in Data.
- What is the highest spending by a country’s residents while travelling abroad recorded in Latvia?
- The highest recorded value was 1.42 billion current US$ in 2024.
- What is the lowest spending by a country’s residents while travelling abroad recorded in Latvia?
- The lowest recorded value was 62.00 million current US$ in 1995.
- How does Latvia rank for spending by a country’s residents while travelling abroad?
- Latvia ranks 92nd out of 199 countries with data for 2024.
- Where does this Latvia data come from?
- The figures come from UN Tourism (2025) – processed by Our World in Data, published as part of Spending by a country’s residents while travelling abroad. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money spent by a country’s residents abroad on accommodation, food, transport, entertainment, shopping, and fares paid to foreign airlines. The data is expressed in current US dollars and is not adjusted for inflation or differences in living costs between countries.