Europe and Northern America vs Latvia: Merchandise trade as a proportion of GDP
Europe and Northern America
41.4%
in 2024
Latvia
101.6%
in 2024
Europe and Northern America rank
25th
Latvia rank
28th
Merchandise trade as a proportion of GDP over time
- Europe and Northern America
- Latvia
How they compare
Latvia currently reports 101.6% against 41.4% in Europe and Northern America, a difference of 60.2%.
That makes Latvia's figure about 2.5 times Europe and Northern America's.
Across all 25 years both countries report, Latvia has been ahead every year.
Europe and Northern America ranks 25th and Latvia ranks 28th of 37 groups.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Europe and Northern America | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 40.5% | 75.1% | 34.6% | Latvia |
| 2010s | 44.7% | 105.5% | 60.8% | Latvia |
| 2020s | 43.6% | 116.5% | 72.9% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade as a proportion of gdp, Europe and Northern America or Latvia?
- Latvia, at 101.6% against 41.4% in Europe and Northern America as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Europe and Northern America and Latvia?
- 60.2%, with Latvia ahead.
- How many years of comparable data are there for Europe and Northern America and Latvia?
- 25 years are reported by both, from 2000 to 2024.
- How do Europe and Northern America and Latvia rank globally for merchandise trade as a proportion of gdp?
- Europe and Northern America ranks 25th and Latvia ranks 28th of 37 groups.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Merchandise trade as a proportion of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.