Spending by a countrys residents while travelling abroad in Latvia
Latvia: Spending by a countrys residents while travelling abroad was 1.42 billion in 2024. ◆ Volatile
Spending by a countrys residents while travelling abroad in Latvia, 1995–2024
Source: Our World in Data.
Analysis
The most recent figure for spending by a countrys residents while travelling abroad in Latvia is 1.42 billion, 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 countrys residents while travelling abroad in Latvia peaked at 1.42 billion in 2024 and was at its lowest, 62.00 million, 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 countrys residents while travelling abroad in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 62.00 million | — |
| 1996 | 407.00 million | +556.5% |
| 1997 | 379.00 million | -6.9% |
| 1998 | 355.00 million | -6.3% |
| 1999 | 321.00 million | -9.6% |
| 2000 | 281.00 million | -12.5% |
| 2001 | 255.00 million | -9.3% |
| 2002 | 267.00 million | +4.7% |
| 2003 | 365.00 million | +36.7% |
| 2004 | 428.00 million | +17.3% |
| 2005 | 655.00 million | +53.0% |
| 2006 | 788.00 million | +20.3% |
| 2007 | 1.02 billion | +29.6% |
| 2020 | 552.99 million | -45.8% |
| 2021 | 735.58 million | +33.0% |
| 2022 | 1.03 billion | +39.8% |
| 2023 | 1.26 billion | +22.8% |
| 2024 | 1.42 billion | +12.2% |
Latvia compared with similar countries
- Latvia's 1.42 billion is below the median for high income countries, which is 4.47 billion, 32% of the median. (71 countries reporting)
- Latvia's 1.42 billion is below the median for Europe & Central Asia, which is 4.98 billion, 28% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Spending by a countrys 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 | 407.00 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 304.80 million | 62.00 million | 407.00 million | 5 |
| 2000s | 507.50 million | 255.00 million | 1.02 billion | 8 |
| 2020s | 999.14 million | 552.99 million | 1.42 billion | 5 |
Countries ranked near Latvia
- 89 Macao 1.62 billion compare
- 90 Puerto Rico 1.44 billion compare
- 91 Panama 1.42 billion compare
- 93 El Salvador 1.20 billion compare
- 94 Dominican Republic 1.14 billion compare
- 95 Georgia 1.04 billion 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 countrys residents while travelling abroad in Latvia?
- Spending by a countrys residents while travelling abroad in Latvia was 1.42 billion in 2024, according to Our World in Data.
- What is the highest spending by a countrys residents while travelling abroad recorded in Latvia?
- The highest recorded value was 1.42 billion in 2024.
- What is the lowest spending by a countrys residents while travelling abroad recorded in Latvia?
- The lowest recorded value was 62.00 million in 1995.
- How does Latvia rank for spending by a countrys 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 Our World in Data, published as part of Spending by a countrys 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).