Rank in the Economic Complexity Index in Latvia
Latvia: Rank in the Economic Complexity Index was 32 in 2016. ▼ Falling
Rank in the Economic Complexity Index in Latvia, 1992–2016
Source: Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
Analysis
Latvia recorded 32 for rank in the economic complexity index 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, rank in the economic complexity index 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.
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
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is rank in the economic complexity index in Latvia?
- Rank in the economic complexity index in Latvia was 32 in 2016, according to Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data.
- What is the highest rank in the economic complexity index recorded in Latvia?
- The highest recorded value was 63 in 1994.
- What is the lowest rank in the economic complexity index recorded in Latvia?
- The lowest recorded value was 32 in 2016.
- How does Latvia rank for rank in the economic complexity index?
- Latvia ranks 84th out of 121 countries with data for 2016.
- Is rank in the economic complexity index 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 Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data, published as part of Rank in the Economic Complexity Index. 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
The Economic Complexity Index (ECI) takes data on exports, and reduces a country’s economic system into two dimensions: (i) The number or ‘diversification’ of products in the export basket, and (ii) the quality, or ‘ubiquity’ of products in the export basket. This map ranks countries by ECI scores. The highest rank is 1 and corresponds to the country with the most complex economy in that year.