Georgia vs Latvia: Net trade in goods and services
Georgia
-2.20 billion BoP, current US$
in 2025
Latvia
-2.24 billion BoP, current US$
in 2025
Georgia rank
144th
Latvia rank
145th
Net trade in goods and services over time
- Georgia
- Latvia
How they compare
Georgia currently reports -2.20 billion BoP, current US$ against -2.24 billion BoP, current US$ in Latvia, a difference of 43.03 million BoP, current US$.
The two have swapped places 5 times across 29 shared years of data; in 1997 it was Latvia ahead.
Georgia ranks 144th and Latvia ranks 145th of 199 countries.
Across the 4 decades both report, Georgia averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Georgia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -684.53 million BoP, current US$ | -665.35 million BoP, current US$ | 19.19 million BoP, current US$ | Latvia |
| 2000s | -1.44 billion BoP, current US$ | -2.24 billion BoP, current US$ | 806.50 million BoP, current US$ | Georgia |
| 2010s | -2.31 billion BoP, current US$ | -646.59 million BoP, current US$ | 1.67 billion BoP, current US$ | Latvia |
| 2020s | -2.60 billion BoP, current US$ | -1.18 billion BoP, current US$ | 1.41 billion BoP, current US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods and services, Georgia or Latvia?
- Georgia, at -2.20 billion BoP, current US$ against -2.24 billion BoP, current US$ in Latvia as of 2025.
- What is the difference in net trade in goods and services between Georgia and Latvia?
- 43.03 million BoP, current US$, with Georgia ahead.
- How many years of comparable data are there for Georgia and Latvia?
- 29 years are reported by both, from 1997 to 2025.
- How do Georgia and Latvia rank globally for net trade in goods and services?
- Georgia ranks 144th and Latvia ranks 145th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods and services (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.