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

Travel services (% of service imports, BoP) in Latvia was 7.80 as of 2021. Its highest value over the past 29 years was 50.01 in 1996, while its lowest value was 7.80 in 2021.

Definition: Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

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

See also:

Year Value
1992 8.38
1993 14.13
1994 10.32
1995 9.90
1996 50.01
1997 48.91
1998 37.06
1999 37.84
2008 34.30
2009 33.20
2010 27.93
2011 27.56
2012 24.64
2013 25.21
2014 25.30
2015 23.72
2016 25.48
2017 23.64
2018 21.84
2019 21.22
2020 10.35
2021 7.80

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