Latvia - Service imports in current prices

5,914,082,602 (US dollars) in 2024

Service imports of Latvia went up by 2.75% from 5,755,842,663 US dollars in 2023 to 5,914,082,602 US dollars in 2024. Since the 6.91% drop in 2020, service imports rocketed by 79.21% in 2024.

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What is service imports?

Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars.

What is Latvia service imports?