Latvia vs Oceania: Merchandise trade as a proportion of GDP
Latvia
101.6%
in 2024
Oceania
36.5%
in 2024
Latvia rank
28th
Oceania rank
28th
Merchandise trade as a proportion of GDP over time
- Latvia
- Oceania
How they compare
Latvia currently reports 101.6% against 36.5% in Oceania, a difference of 65.1%.
That makes Latvia's figure about 2.8 times Oceania's.
Across all 25 years both countries report, Latvia has been ahead every year.
Latvia ranks 28th and Oceania ranks 28th of 218 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latvia | Oceania | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 75.1% | 36.3% | 38.8% | Latvia |
| 2010s | 105.5% | 34.9% | 70.7% | Latvia |
| 2020s | 116.5% | 38.4% | 78.1% | 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 Oceania?
- Latvia, at 101.6% against 36.5% in Oceania as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Latvia and Oceania?
- 65.1%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Oceania?
- 25 years are reported by both, from 2000 to 2024.
- How do Latvia and Oceania rank globally for merchandise trade as a proportion of gdp?
- Latvia ranks 28th and Oceania ranks 28th 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.