Which has higher value of imported goods as a share of gdp, Latvia or Thailand?

Thailand, at 57.4% against 53.7% in Latvia as of 2024.

How many years of comparable data are there for Latvia and Thailand?

30 years are reported by both, from 1995 to 2024.

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.

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

Latvia

53.7%

in 2024

Thailand

57.4%

in 2024

Latvia rank

35th

Thailand rank

34th

Value of imported goods as a share of GDP over time

Latvia
Thailand

How they compare

Thailand currently reports 57.4% against 53.7% in Latvia, a difference of 3.7%.

That makes Thailand's figure about 1.1 times Latvia's.

The two have swapped places 4 times across 30 shared years of data; in 1995 it was Thailand ahead.

Latvia ranks 35th and Thailand ranks 34th of 201 countries.

Across the 4 decades both report, Latvia averaged higher in 3 and Thailand in 1.

Head to head by decade

Decade	Latvia	Thailand	Difference	Ahead
1990s	39.9%	38.9%	1.0%	Latvia
2000s	47.1%	52.7%	5.7%	Thailand
2010s	57.3%	52.7%	4.6%	Latvia
2020s	61.6%	53.0%	8.6%	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 Thailand?: Thailand, at 57.4% against 53.7% in Latvia as of 2024.
What is the difference in value of imported goods as a share of gdp between Latvia and Thailand?: 3.7%, with Thailand ahead.
How many years of comparable data are there for Latvia and Thailand?: 30 years are reported by both, from 1995 to 2024.
How do Latvia and Thailand rank globally for value of imported goods as a share of gdp?: Latvia ranks 35th and Thailand ranks 34th 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 Thailand: 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/thailand/

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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: 28 August 2026

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