Latvia vs Least Developed Countries (LDCs): Merchandise trade as a proportion of GDP
Latvia
101.6%
in 2024
Least Developed Countries (LDCs)
40.4%
in 2024
Latvia rank
28th
Least Developed Countries (LDCs) rank
27th
Merchandise trade as a proportion of GDP over time
- Latvia
- Least Developed Countries (LDCs)
How they compare
Latvia currently reports 101.6% against 40.4% in Least Developed Countries (LDCs), a difference of 61.2%.
That makes Latvia's figure about 2.5 times Least Developed Countries (LDCs)'s.
Across all 25 years both countries report, Latvia has been ahead every year.
Latvia ranks 28th and Least Developed Countries (LDCs) ranks 27th of 218 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latvia | Least Developed Countries (LDCs) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 75.1% | 41.8% | 33.2% | Latvia |
| 2010s | 105.5% | 43.9% | 61.6% | Latvia |
| 2020s | 116.5% | 40.4% | 76.1% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade as a proportion of gdp, Latvia or Least Developed Countries (LDCs)?
- Latvia, at 101.6% against 40.4% in Least Developed Countries (LDCs) as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Latvia and Least Developed Countries (LDCs)?
- 61.2%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Least Developed Countries (LDCs)?
- 25 years are reported by both, from 2000 to 2024.
- How do Latvia and Least Developed Countries (LDCs) rank globally for merchandise trade as a proportion of gdp?
- Latvia ranks 28th and Least Developed Countries (LDCs) ranks 27th of 218 countries.
- 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.