Latvia vs South America: Merchandise trade as a proportion of GDP
Latvia
101.6%
in 2024
South America
31.8%
in 2024
Latvia rank
28th
South America rank
31st
Merchandise trade as a proportion of GDP over time
- Latvia
- South America
How they compare
Latvia currently reports 101.6% against 31.8% in South America, a difference of 69.8%.
That makes Latvia's figure about 3.2 times South America's.
Across all 25 years both countries report, Latvia has been ahead every year.
Latvia ranks 28th and South America ranks 31st of 218 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latvia | South America | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 75.1% | 29.4% | 45.6% | Latvia |
| 2010s | 105.5% | 27.1% | 78.4% | Latvia |
| 2020s | 116.5% | 33.2% | 83.3% | 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 South America?
- Latvia, at 101.6% against 31.8% in South America as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Latvia and South America?
- 69.8%, with Latvia ahead.
- How many years of comparable data are there for Latvia and South America?
- 25 years are reported by both, from 2000 to 2024.
- How do Latvia and South America rank globally for merchandise trade as a proportion of gdp?
- Latvia ranks 28th and South America ranks 31st 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.