Key Market Indicators
The country ranked at number 25 in 2021, with Costa Rica overtaking at $215,740,000. The UK, France and Canada respectively ranked numbers 2, 3 and 4 in this ranking. Latvian passenger transport expenditure is projected to reach around $268 million by 2026, up from $234 million in 2021. This is a CAGR of around 2.1% since 2013. Latvia came in 35th place in 2021, with Costa Rica overtaking it at $233.8 million. The United Kingdom, France and Canada ranked second, third and fourth respectively in this ranking. Meanwhile, Latvian passenger transport revenue is set to reach $177 million by 2026, down from $216 million in 2021 at a year-on-year average rate of 3.6%. Since 2000, the Latvian market has dropped 12.3% year on year. The country came in 25th place in 2021, with Costa Rica overtaking it at $215.7 million. The UK, France and Canada ranked second, third and fourth respectively in this ranking.
