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Imports of Services (BoP, USD) rose 28.8% to USD 4.22 bil in Latvia in 2021

Imports of Services (BoP, USD) (USD bil), 2021
Economy | Latvia | March 1, 2023
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Imports of services as a part of balance of payment rose 28.8% to USD 4.22 bil in Latvia in 2021, according to the National Statistical Office.

Historically, imports of services as a part of balance of payment in Latvia reached an all time high of USD 4.22 bil in 2021 and an all time low of USD 0.156 bil in 1992. When compared to Latvia's main peers, imports of services as a part of balance of payment in Belarus amounted to USD 5.67 bil, USD 8.37 bil in Estonia, USD 9.60 bil in Lithuania and USD 75.9 bil in Russia in 2021.

Latvia has been ranked 80th within the group of 140 countries we follow in terms of imports of services as a part of balance of payment, 10 places above the position seen 10 years ago.

Imports of Services (BoP, USD) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Belarus USD bil 4.41 4.38 4.83 5.41 5.85
China USD bil 436 442 472 526 506
Estonia USD bil 3.99 4.33 4.79 5.60 5.77
Finland USD bil 27.7 28.5 30.4 35.5 36.6
Germany USD bil 301 317 349 375 376
Japan USD bil 179 186 193 203 219
Latvia USD bil 2.60 2.74 3.08 3.56 3.53
Lithuania USD bil 4.74 5.14 6.03 7.08 7.74
Poland USD bil 32.0 33.5 37.7 43.0 43.5
Russia USD bil 88.8 74.6 88.9 94.7 98.5
USA USD bil 498 513 548 565 594
Ukraine USD bil 11.3 12.0 13.3 14.5 15.7