Latvia vs Montenegro: Value of imported goods as a share of GDP

Latvia
53.7%
in 2024
Montenegro
53.1%
in 2024
Latvia rank
35th
Montenegro rank
38th

Value of imported goods as a share of GDP over time

  • Latvia
  • Montenegro
020406080199520092024

How they compare

Latvia currently reports 53.7% against 53.1% in Montenegro, a difference of 0.6%.

The two have swapped places 1 time across 19 shared years of data; in 2006 it was Montenegro ahead.

Latvia ranks 35th and Montenegro ranks 38th of 201 countries.

Across the 3 decades both report, Latvia averaged higher in 2 and Montenegro in 1.

Head to head by decade

Decade Latvia Montenegro Difference Ahead
2000s 48.6% 69.2% 20.6% Montenegro
2010s 57.3% 53.0% 4.3% Latvia
2020s 61.6% 53.2% 8.4% Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher value of imported goods as a share of gdp, Latvia or Montenegro?
Latvia, at 53.7% against 53.1% in Montenegro as of 2024.
What is the difference in value of imported goods as a share of gdp between Latvia and Montenegro?
0.6%, with Latvia ahead.
How many years of comparable data are there for Latvia and Montenegro?
19 years are reported by both, from 2006 to 2024.
How do Latvia and Montenegro rank globally for value of imported goods as a share of gdp?
Latvia ranks 35th and Montenegro ranks 38th of 201 countries.
Where does this data come from?
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as Value of imported goods as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Montenegro: Value of imported goods as a share of GDP. Statizoid, drawing on International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Retrieved 14 September 2026, from https://economy.statizoid.com/compare/merchandise-imports-as-a-share-of-countrys-gdp/latvia/montenegro/

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About this data

Indicator
Value of imported goods as a share of GDP
Unit
%
Source
International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
201 places, 10,161 data points, 1960–2024
Last refreshed

Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).