Workers' Remittances, Paid (USD) rose 20.7% to USD 577 mil in Latvia in 2024

Workers' Remittances, Paid (USD) (USD mil), 2024
Economy | Latvia | September 1, 2025
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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