Workers' remittances paid reached 444 USD mil in 2017 in Latvia, according to the National Statistical Office. This is 6.93 % more than in the previous year.
Historically, workers' remittances paid in Latvia reached an all time high of 913 USD mil in 2008 and an all time low of 0.224 USD mil in 1992. When compared to Latvia's main peers, workers' remittances paid in Belarus amounted to 138 USD mil, 151 USD mil in Estonia, 548 USD mil in Lithuania and 20,610 USD mil in Russia in 2017.
Latvia has been ranked 62nd within the group of 142 countries we follow in terms of workers' remittances paid, 48 places above the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.