Key Market Indicators
Latvian road traffic volume is projected to climb to approximately 1,360 million vehicle-kilometers by 2028, according to recent forecasts. This marks an increase from the 1,240 million vehicle-kilometers recorded in 2023, reflecting an annual growth rate of 1.5%. Historical data shows that since 2002, Latvia's road traffic volume has experienced a modest annual increase of 0.1%. In the current year, Latvia ranked 16th globally in terms of vehicle-kilometers, with Moldova surpassing it by reaching the same figure of 1,240 million vehicle-kilometers. Leading the global ranking are Japan, the United Kingdom, and the Netherlands, holding the second, third, and fourth positions, respectively. As Latvia continues to see a gradual rise in road traffic volume, it remains to be seen how it will fare in the international standings in the coming years.
