Annual growth of imports of goods and services in Latvia
Latvia: Annual growth of imports of goods and services was -1.8% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Latvia, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of imports of goods and services in Latvia stood at -1.8%.
That represents a change of up 64.9% on the previous year and down 159.0% over ten years.
Over the whole period, annual growth of imports of goods and services in Latvia peaked at 22.6% in 2011 and was at its lowest, -30.9%, in 2009.
That places Latvia 148th out of 176 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.8% | — |
| 2001 | 15.6% | +466.2% |
| 2002 | 2.7% | -82.7% |
| 2003 | 11.8% | +336.7% |
| 2004 | 20.6% | +75.0% |
| 2005 | 17.0% | -17.7% |
| 2006 | 21.8% | +28.3% |
| 2007 | 17.4% | -20.0% |
| 2008 | -11.2% | -164.4% |
| 2009 | -30.9% | +175.3% |
| 2010 | 12.7% | -141.2% |
| 2011 | 22.6% | +77.2% |
| 2012 | 5.2% | -76.9% |
| 2013 | -0.1% | -102.5% |
| 2014 | 3.0% | -2407.7% |
| 2015 | 1.0% | -66.3% |
| 2016 | 4.2% | +314.9% |
| 2017 | 8.6% | +104.3% |
| 2018 | 6.3% | -26.1% |
| 2019 | 2.0% | -67.9% |
| 2020 | -1.1% | -155.2% |
| 2021 | 15.1% | -1451.8% |
| 2022 | 9.9% | -34.5% |
| 2023 | -5.0% | -150.9% |
| 2024 | -1.8% | -64.9% |
Latvia compared with similar countries
- Latvia's -1.8% is below the median for high income countries, which is 2.5%. (62 countries reporting)
- Latvia's -1.8% is below the median for Europe & Central Asia, which is 2.5%. (50 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +2407.7% | -0.1% | 3.0% |
| 2021 | +1451.8% | -1.1% | 15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.7% | -30.9% | 21.8% | 10 |
| 2010s | 6.6% | -0.1% | 22.6% | 10 |
| 2020s | 3.4% | -5.0% | 15.1% | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Latvia?
- Annual growth of imports of goods and services in Latvia was -1.8% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Latvia?
- The highest recorded value was 22.6% in 2011.
- What is the lowest annual growth of imports of goods and services recorded in Latvia?
- The lowest recorded value was -30.9% in 2009.
- How does Latvia rank for annual growth of imports of goods and services?
- Latvia ranks 148th out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Latvia?
- Over the last ten years it is down 159.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual growth of imports of goods and services (%).