Latvia vs Mongolia: Merchandise trade as a proportion of GDP
Latvia
101.6%
in 2024
Mongolia
115.1%
in 2024
Latvia rank
28th
Mongolia rank
23rd
Merchandise trade as a proportion of GDP over time
- Latvia
- Mongolia
How they compare
Mongolia currently reports 115.1% against 101.6% in Latvia, a difference of 13.5%.
That makes Mongolia's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 25 shared years of data; in 2000 it was Mongolia ahead.
Latvia ranks 28th and Mongolia ranks 23rd of 218 countries.
Across the 3 decades both report, Latvia averaged higher in 2 and Mongolia in 1.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 75.1% | 93.3% | 18.3% | Mongolia |
| 2010s | 105.5% | 89.4% | 16.1% | Latvia |
| 2020s | 116.5% | 112.2% | 4.2% | 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 Mongolia?
- Mongolia, at 115.1% against 101.6% in Latvia as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Latvia and Mongolia?
- 13.5%, with Mongolia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 25 years are reported by both, from 2000 to 2024.
- How do Latvia and Mongolia rank globally for merchandise trade as a proportion of gdp?
- Latvia ranks 28th and Mongolia ranks 23rd 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.