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

Transport services (% of service exports, BoP) in Latvia was 32.54 as of 2021. Its highest value over the past 29 years was 94.69 in 1992, while its lowest value was 32.03 in 2020.

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 94.69
1993 79.65
1994 91.37
1995 91.56
1996 59.60
1997 62.69
1998 60.02
1999 60.63
2008 43.21
2009 44.55
2010 45.30
2011 46.80
2012 47.86
2013 43.45
2014 45.20
2015 44.17
2016 41.29
2017 41.41
2018 39.78
2019 38.22
2020 32.03
2021 32.54

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