Bermuda vs Latvia: Trade in services (% of GDP)
Bermuda
34.5%
in 2024
Latvia
34.2%
in 2025
Bermuda rank
58th
Latvia rank
59th
Trade in services (% of GDP) over time
- Bermuda
- Latvia
How they compare
Bermuda currently reports 34.5% against 34.2% in Latvia, a difference of 0.3%.
The two have swapped places 2 times across 19 shared years of data; in 2006 it was Bermuda ahead.
Bermuda ranks 58th and Latvia ranks 59th of 200 countries.
Across the 3 decades both report, Bermuda averaged higher in 2 and Latvia in 1.
Head to head by decade
| Decade | Bermuda | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 37.7% | 25.3% | 12.4% | Bermuda |
| 2010s | 35.1% | 28.6% | 6.5% | Bermuda |
| 2020s | 30.0% | 30.8% | 0.8% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade in services, Bermuda or Latvia?
- Bermuda, at 34.5% against 34.2% in Latvia as of 2024.
- What is the difference in trade in services between Bermuda and Latvia?
- 0.3%, with Bermuda ahead.
- How many years of comparable data are there for Bermuda and Latvia?
- 19 years are reported by both, from 2006 to 2024.
- How do Bermuda and Latvia rank globally for trade in services?
- Bermuda ranks 58th and Latvia ranks 59th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Trade in services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.