E-Commerce in Latvia: Outlook & Retail Trends in 2023

Last Updated: October 30, 2023


How's The Development of E-Commerce in Latvia?

Online & Offline Retail in Latvia
Unit: Billion USD
Online & Offline Retail Growth in Latvia
Unit: %
Retail Value Added (% of GDP) in Latvia
Unit: %
E-Commerce Sales a a % of Retail in Latvia
Unit: %

Financial Environment

Source: World Bank, Payment Providers, eMarketer

In Latvia, There are about 16.7% of people use credit cards, and 86.2% of people use debit cards. While there are 34.5% of people purchase on the internet, there is only 55.5% of people with online banking accounts.

% of People With Financial Accounts
Unit: %
% of People with Credit Cards
Unit: %
% of People with Debit Cards
Unit: %
% of People Exchange Through Digital Channels
Unit: %
% of People Buy Through Online Channels
Unit: %
% of People with Internet Banking Accounts
Unit: %
% of People Pay Utility Bill Online
Unit: %
E-Commerce Sales as a % of Total Retail
Unit: %
  • Retail Sales & E-Commerce Penetration: eMarketer, Edge By Ascential, Euromonitor Retail Passport
  • Currency: Based on IMF Data 2022/12
  • Consumer Behavior: Statista Digital Market Outlook
  • Retail Channels: Euromonitor, Local Association, Financial Reports (Of Relevant Retailers)
  • Data Compilation: OOSGA.org
  • Analysis: OOSGA CR Team Analytics
Author: CR Team

Our consumer research practice tracks what customers spend and how they make decisions across major economies in the world.

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