Workers' remittances paid rose 20.7% to USD 577 mil in Latvia in 2024, according to the National Statistical Office.
Historically, workers' remittances paid in Latvia reached an all time high of USD 791 mil in 2008 and an all time low of USD 0.224 mil in 1992. When compared to Latvia's main peers, workers' remittances paid in Belarus amounted to USD 229 mil, USD 265 mil in Estonia, USD 677 mil in Lithuania and USD 8,271 mil in Russia in 2024.
Latvia has been ranked 54th within the group of 98 countries we follow in terms of workers' remittances paid, 30 places above the position seen 10 years ago.
Workers' Remittances, Paid (USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Belarus | USD mil | 160 | 186 | 245 | 240 | 165 | ||||||||||||||||
China | USD mil | 16,548 | 15,135 | 18,296 | 22,958 | 22,156 | ||||||||||||||||
Estonia | USD mil | 234 | 249 | 245 | 286 | 332 | ||||||||||||||||
Finland | USD mil | 1,451 | 1,413 | 1,388 | 1,493 | 1,479 | ||||||||||||||||
Germany | USD mil | 19,534 | 19,385 | 19,379 | 21,305 | 22,242 | ||||||||||||||||
Japan | USD mil | 6,151 | 6,828 | 8,245 | 6,134 | 4,530 | ||||||||||||||||
Latvia | USD mil | 239 | 241 | 175 | 398 | 593 | ||||||||||||||||
Lithuania | USD mil | 617 | 602 | 366 | 403 | 568 | ||||||||||||||||
Poland | USD mil | 7,501 | 8,008 | 7,914 | 9,418 | 10,940 | ||||||||||||||||
Russia | USD mil | 22,308 | 22,217 | 16,872 | 16,820 | 5,787 | ||||||||||||||||
USA | USD mil | 66,836 | 71,583 | 66,126 | 73,551 | 87,025 | ||||||||||||||||
Ukraine | USD mil | 565 | 575 | 843 | 1,083 | 2,036 |