Spending by international visitors while visiting a country … annual in Latvia

Latvia: Spending by international visitors while visiting a country … annual was 5.06 % change on previous year in 2024. ◆ Volatile

Latest (2024)
5.06 % change on previous year
Change on year
down 73.6%
World rank
131st
of 188 countries
All-time high
524.32 % change on previous year
in 1996
All-time low
-31.08 % change on previous year
in 1999
Years of data
16
1996–2024

Spending by international visitors while visiting a country, annual in Latvia, 1996–2024

02004006001996201020241996: 524.3 % change on previous year1997: 1.7 % change on previous year1998: -5.5 % change on previous year1999: -31.1 % change on previous year2000: 12.4 % change on previous year2001: -11 % change on previous year2002: 31.4 % change on previous year2003: 34.8 % change on previous year2004: 26.6 % change on previous year2005: 30 % change on previous year2006: 39.5 % change on previous year2007: 41.5 % change on previous year2021: -7 % change on previous year2022: 45 % change on previous year2023: 19.2 % change on previous year2024: 5.1 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, spending by international visitors while visiting a country, annual in Latvia stood at 5.06 % change on previous year.

The figure is down 73.6% on the previous year and up 172.7% over five years.

Over the whole period, spending by international visitors while visiting a country, annual in Latvia peaked at 524.32 % change on previous year in 1996 and was at its lowest, -31.08 % change on previous year, in 1999.

That places Latvia 131st out of 188 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 international visitors while visiting a country … annual in Latvia, year by year

Annual values for Spending by international visitors while visiting a country, annual growth rate in Latvia, 1996 to 2024.
Year % change on previous year Change
1996 524.32 % change on previous year —
1997 1.73 % change on previous year -99.7%
1998 -5.53 % change on previous year -419.5%
1999 -31.08 % change on previous year +461.9%
2000 12.42 % change on previous year -140.0%
2001 -11.05 % change on previous year -189.0%
2002 31.37 % change on previous year -384.0%
2003 34.83 % change on previous year +11.0%
2004 26.57 % change on previous year -23.7%
2005 30.03 % change on previous year +13.0%
2006 39.46 % change on previous year +31.4%
2007 41.48 % change on previous year +5.1%
2021 -6.96 % change on previous year -116.8%
2022 45.01 % change on previous year -746.4%
2023 19.17 % change on previous year -57.4%
2024 5.06 % change on previous year -73.6%

Latvia compared with similar countries

  • Latvia's 5.06 % change on previous year is below the median for high income countries, which is 7.63 % change on previous year, 66% of the median. (67 countries reporting)
  • Latvia's 5.06 % change on previous year is below the median for Europe & Central Asia, which is 7.16 % change on previous year, 71% of the median. (46 countries reporting)

Biggest year-on-year movements

Years where Spending by international visitors while visiting a country … annual 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.

YearChange FromTo
2022 +746.4% -6.96 % change on previous year 45.01 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1990s 122.36 % change on previous year -31.08 % change on previous year 524.32 % change on previous year 4
2000s 25.64 % change on previous year -11.05 % change on previous year 41.48 % change on previous year 8
2020s 15.57 % change on previous year -6.96 % change on previous year 45.01 % change on previous year 4

Countries ranked near Latvia

  1. 128 Benin 5.15 % change on previous year compare
  2. 129 Burundi 5.14 % change on previous year compare
  3. 130 Bosnia and Herzegovina 5.08 % change on previous year compare
  4. 132 Greece 4.83 % change on previous year compare
  5. 133 Trinidad and Tobago 4.8 % change on previous year compare
  6. 134 North Macedonia 4.74 % change on previous year compare

See the full ranking of 188 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is spending by international visitors while visiting a country, annual in Latvia?
Spending by international visitors while visiting a country, annual in Latvia was 5.06 % change on previous year in 2024, according to Statizoid (derived).
What is the highest spending by international visitors while visiting a country, annual recorded in Latvia?
The highest recorded value was 524.32 % change on previous year in 1996.
What is the lowest spending by international visitors while visiting a country, annual recorded in Latvia?
The lowest recorded value was -31.08 % change on previous year in 1999.
How does Latvia rank for spending by international visitors while visiting a country, annual?
Latvia ranks 131st out of 188 countries with data for 2024.
Where does this Latvia data come from?
The figures come from Statizoid (derived), published as part of Spending by international visitors while visiting a country, annual growth rate. Statizoid updates them automatically from the source API.

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Spending by international visitors while visiting a country, annual in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 10 October 2026, from https://reference.statizoid.com/stat/spending-by-international-visitors-while-visiting-a-country-annual-growth-rate/latvia/

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How this figure is calculated

The year-on-year percentage change in Spending by international visitors while visiting a country. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Spending by international visitors while visiting a country, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
188 places, 4,241 data points, 1996–2024
Last refreshed

The year-on-year percentage change in Spending by international visitors while visiting a country. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.