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

Thailand, at 58.6% against 54.6% in Latvia as of 2025.

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

31 years are reported by both, from 1995 to 2025.

Where does this data come from?

International Monetary Fund (2026); 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 (International Monetary)

Latvia

54.6%

in 2025

Thailand

58.6%

in 2025

Latvia rank

34th

Thailand rank

32nd

Value of imported goods as a share of GDP (International Monetary) over time

Latvia
Thailand

How they compare

Thailand currently reports 58.6% against 54.6% in Latvia, a difference of 4.0%.

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

The two have swapped places 4 times across 31 shared years of data; in 1995 it was Thailand ahead.

Latvia ranks 34th and Thailand ranks 32nd 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	60.5%	54.0%	6.5%	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 58.6% against 54.6% in Latvia as of 2025.
What is the difference in value of imported goods as a share of gdp between Latvia and Thailand?: 4.0%, with Thailand ahead.
How many years of comparable data are there for Latvia and Thailand?: 31 years are reported by both, from 1995 to 2025.
How do Latvia and Thailand rank globally for value of imported goods as a share of gdp?: Latvia ranks 34th and Thailand ranks 32nd of 201 countries.
Where does this data come from?: International Monetary Fund (2026); 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 (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Retrieved 07 November 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 (2026); 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, 10,344 data points, 1960–2025
Last refreshed: 30 October 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).