Latvia Tourism Receipts
International tourism receipts ST.INT.RCPT.CD
Latvia's tourism receipts was $880.0M in 2007, ranked 84th globally. This represents a 41.5% increase from 2006. Data from World Bank, covering 1995–2007.
Overview
Latvia's tourism receipts stood at $880.0M in 2007, a rise of +$258.0M from 2006. Latvia ranked 84th globally.
Latvia’s tourism receipts rose dramatically from a low of 37,000,000.00 in 1995 to an all‑time peak of 880,000,000.00 in 2007, placing the country 84th globally that year. This surge reflects the post‑Soviet liberalisation of travel, aggressive marketing of Riga’s historic centre, and the expansion of coastal resorts that attracted visitors from neighboring EU states. The 2007 figure slightly exceeds that of Iceland (848,000,000.00) and is close to Oman’s 905,000,000.00, underscoring Latvia’s competitive position among small, tourism‑dependent economies. The growth trajectory was punctuated by the early‑1990s trough, when limited infrastructure and low international awareness constrained arrivals. Although the 2007 peak coincided with the pre‑global‑financial‑crisis boom, subsequent downturns have tempered growth, and recent data suggest a modest recovery driven by niche cultural and nature tourism. Continued investment in sustainable facilities and diversification of source markets will be crucial to sustain upward momentum in the coming years.
Data & projection
| Year | Tourism Receipts | YoY change | Rank |
|---|---|---|---|
| 2007 | $880.0M | +$258.0M | #84 |
| 2006 | $622.0M | +$176.0M | #87 |
| 2005 | $446.0M | +$103.0M | #94 |
| 2004 | $343.0M | +$72.0M | #100 |
| 2003 | $271.0M | +$70.0M | #102 |
| 2002 | $201.0M | +$48.0M | #104 |
| 2001 | $153.0M | −$19.0M | #104 |
| 2000 | $172.0M | +$19.0M | #98 |
| 1999 | $153.0M | −$69.0M | #98 |
| 1998 | $222.0M | −$13.0M | #86 |
| 1997 | $235.0M | +$4.0M | #80 |
| 1996 | $231.0M | +$194.0M | #80 |
| 1995 | $37.0M | – | #113 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw tourism receipts improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's tourism receipts was $880.0M in 2007. Ranked 84th globally. This represents a 41.5% increase from the previous year.
Latvia's tourism receipts peaked at $880.0M in 2007.
The lowest tourism receipts in Latvia was $37.0M in 1995.
Latvia ranks 84th globally in tourism receipts as of 2007.
The World Bank indicator code is ST.INT.RCPT.CD. Data sourced from World Bank.
Latvia's tourism receipts was approximately 880 million ($880.0M) in 2007.
The tourism receipts of Latvia in 2007 was $880.0M. This ranks 84th in the world.
Cite this page
@misc{historysaid_latvia_tourism-receipts,
title = {Latvia Tourism Receipts},
url = {https://historysaid.com/latvia/tourism-receipts/},
publisher = {HistorySaid},
year = {2026}
}