Economic complexity rankings in Latvia
Latvia: Economic complexity rankings was 32 in 2016. ▼ Falling
Latest (2016)
32
Change on year
down 17.9%
World rank
84th
of 121 countries
All-time high
63
in 1994
All-time low
32
in 2016
Years of data
25
1992–2016
Economic complexity rankings in Latvia, 1992–2016
Source: Our World in Data.
Analysis
Latvia recorded 32 for economic complexity rankings in 2016. That is the lowest value across all 25 years on record.
The figure is down 17.9% on the previous year and down 13.5% over ten years.
Over the whole period, economic complexity rankings in Latvia peaked at 63 in 1994 and was at its lowest, 32, in 2016.
That places Latvia 84th out of 121 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Economic complexity rankings in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 58 | — |
| 1993 | 59 | +1.7% |
| 1994 | 63 | +6.8% |
| 1995 | 53 | -15.9% |
| 1996 | 45 | -15.1% |
| 1997 | 44 | -2.2% |
| 1998 | 42 | -4.5% |
| 1999 | 39 | -7.1% |
| 2000 | 47 | +20.5% |
| 2001 | 47 | +0.0% |
| 2002 | 44 | -6.4% |
| 2003 | 40 | -9.1% |
| 2004 | 41 | +2.5% |
| 2005 | 39 | -4.9% |
| 2006 | 37 | -5.1% |
| 2007 | 36 | -2.7% |
| 2008 | 34 | -5.6% |
| 2009 | 35 | +2.9% |
| 2010 | 34 | -2.9% |
| 2011 | 36 | +5.9% |
| 2012 | 37 | +2.8% |
| 2013 | 37 | +0.0% |
| 2014 | 38 | +2.7% |
| 2015 | 39 | +2.6% |
| 2016 | 32 | -17.9% |
Latvia compared with similar countries
- Latvia's 32 is above the median for high income countries, which is 23, 1.4× the median. (47 countries reporting)
- Latvia's 32 is above the median for Europe & Central Asia, which is 27, 1.2× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.38 | 39 | 63 | 8 |
| 2000s | 40 | 34 | 47 | 10 |
| 2010s | 36.14 | 32 | 39 | 7 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is economic complexity rankings in Latvia?
- Economic complexity rankings in Latvia was 32 in 2016, according to Our World in Data.
- What is the highest economic complexity rankings recorded in Latvia?
- The highest recorded value was 63 in 1994.
- What is the lowest economic complexity rankings recorded in Latvia?
- The lowest recorded value was 32 in 2016.
- How does Latvia rank for economic complexity rankings?
- Latvia ranks 84th out of 121 countries with data for 2016.
- Is economic complexity rankings rising or falling in Latvia?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Economic complexity rankings. 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).