Net secondary income (Net current transfers from abroad) in Latvia
Latvia: Net secondary income (Net current transfers from abroad) was 919.89 million current US$ in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Latvia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latvia recorded 919.89 million current US$ for net secondary income (net current transfers from abroad) in 2024.
That represents a change of down 0.2% on the previous year and up 131.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Latvia peaked at 922.15 million current US$ in 2023 and was at its lowest, 72.65 million current US$, in 1995.
That places Latvia 74th out of 202 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 92.12 million current US$ | 72.65 million current US$ | 124.04 million current US$ | 5 |
| 2000s | 490.32 million current US$ | 144.47 million current US$ | 750.45 million current US$ | 10 |
| 2010s | 564.65 million current US$ | 376.87 million current US$ | 747.36 million current US$ | 10 |
| 2020s | 636.58 million current US$ | 374.04 million current US$ | 922.15 million current US$ | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
- GNI 48.20 billion current US$ (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Latvia?
- Net secondary income (net current transfers from abroad) in Latvia was 919.89 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Latvia?
- The highest recorded value was 922.15 million current US$ in 2023.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Latvia?
- The lowest recorded value was 72.65 million current US$ in 1995.
- How does Latvia rank for net secondary income (net current transfers from abroad)?
- Latvia ranks 74th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Latvia?
- Over the last ten years it is up 131.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.