Latvia - Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in Latvia was 29.54 as of 2021. Its highest value over the past 29 years was 63.65 in 1993, while its lowest value was 23.22 in 1996.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1992 63.19
1993 63.65
1994 45.90
1995 62.29
1996 23.22
1997 30.21
1998 26.88
1999 26.91
2008 24.98
2009 24.18
2010 28.56
2011 29.54
2012 31.03
2013 30.59
2014 32.69
2015 33.91
2016 30.35
2017 30.59
2018 30.44
2019 30.18
2020 28.61
2021 29.54

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments