Exports of goods and services (BoP, current US$), per unit of GDP in Latvia
Latvia: Exports of goods and services (BoP, current US$), per unit of GDP was 0.626 BoP, current US$ per US$ of GDP in 2025. ▲ Rising
Exports of goods and services (BoP, current US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
Latvia recorded 0.626 BoP, current US$ per US$ of GDP for exports of goods and services (bop, current us$), per unit of gdp in 2025.
That represents a change of down 3.5% on the previous year and up 0.0% over ten years.
Over the whole period, exports of goods and services (bop, current us$), per unit of gdp in Latvia peaked at 0.7727 BoP, current US$ per US$ of GDP in 2022 and was at its lowest, 0.3019 BoP, current US$ per US$ of GDP, in 2000.
That places Latvia 41st out of 199 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Exports of goods and services (BoP, current US$), per unit of GDP in Latvia, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3722 BoP, current US$ per US$ of GDP | — |
| 1996 | 0.4149 BoP, current US$ per US$ of GDP | +11.4% |
| 1997 | 0.4078 BoP, current US$ per US$ of GDP | -1.7% |
| 1998 | 0.4019 BoP, current US$ per US$ of GDP | -1.4% |
| 1999 | 0.3615 BoP, current US$ per US$ of GDP | -10.1% |
| 2000 | 0.3019 BoP, current US$ per US$ of GDP | -16.5% |
| 2001 | 0.3112 BoP, current US$ per US$ of GDP | +3.1% |
| 2002 | 0.3143 BoP, current US$ per US$ of GDP | +1.0% |
| 2003 | 0.3472 BoP, current US$ per US$ of GDP | +10.5% |
| 2004 | 0.3892 BoP, current US$ per US$ of GDP | +12.1% |
| 2005 | 0.4458 BoP, current US$ per US$ of GDP | +14.5% |
| 2006 | 0.4236 BoP, current US$ per US$ of GDP | -5.0% |
| 2007 | 0.4125 BoP, current US$ per US$ of GDP | -2.6% |
| 2008 | 0.4235 BoP, current US$ per US$ of GDP | +2.7% |
| 2009 | 0.4441 BoP, current US$ per US$ of GDP | +4.9% |
| 2010 | 0.5481 BoP, current US$ per US$ of GDP | +23.4% |
| 2011 | 0.6206 BoP, current US$ per US$ of GDP | +13.2% |
| 2012 | 0.6375 BoP, current US$ per US$ of GDP | +2.7% |
| 2013 | 0.625 BoP, current US$ per US$ of GDP | -2.0% |
| 2014 | 0.6349 BoP, current US$ per US$ of GDP | +1.6% |
| 2015 | 0.6258 BoP, current US$ per US$ of GDP | -1.4% |
| 2016 | 0.619 BoP, current US$ per US$ of GDP | -1.1% |
| 2017 | 0.6428 BoP, current US$ per US$ of GDP | +3.9% |
| 2018 | 0.6381 BoP, current US$ per US$ of GDP | -0.7% |
| 2019 | 0.6252 BoP, current US$ per US$ of GDP | -2.0% |
| 2020 | 0.6278 BoP, current US$ per US$ of GDP | +0.4% |
| 2021 | 0.6669 BoP, current US$ per US$ of GDP | +6.2% |
| 2022 | 0.7727 BoP, current US$ per US$ of GDP | +15.9% |
| 2023 | 0.6614 BoP, current US$ per US$ of GDP | -14.4% |
| 2024 | 0.6485 BoP, current US$ per US$ of GDP | -1.9% |
| 2025 | 0.626 BoP, current US$ per US$ of GDP | -3.5% |
Latvia compared with similar countries
- Latvia's 0.626 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.5197 BoP, current US$ per US$ of GDP, 1.2× the median. (72 countries reporting)
- Latvia's 0.626 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.484 BoP, current US$ per US$ of GDP, 1.3× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3917 BoP, current US$ per US$ of GDP | 0.3615 BoP, current US$ per US$ of GDP | 0.4149 BoP, current US$ per US$ of GDP | 5 |
| 2000s | 0.3813 BoP, current US$ per US$ of GDP | 0.3019 BoP, current US$ per US$ of GDP | 0.4458 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.6217 BoP, current US$ per US$ of GDP | 0.5481 BoP, current US$ per US$ of GDP | 0.6428 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.6672 BoP, current US$ per US$ of GDP | 0.626 BoP, current US$ per US$ of GDP | 0.7727 BoP, current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 38 Cayman Islands 0.6484 BoP, current US$ per US$ of GDP compare
- 39 Curacao 0.642 BoP, current US$ per US$ of GDP compare
- 40 Turks and Caicos Islands 0.6291 BoP, current US$ per US$ of GDP compare
- 42 North Macedonia 0.5981 BoP, current US$ per US$ of GDP compare
- 43 Lebanon 0.5862 BoP, current US$ per US$ of GDP compare
- 44 Saint Lucia 0.5829 BoP, current US$ per US$ of GDP compare
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 exports of goods and services (bop, current us$), per unit of gdp in Latvia?
- Exports of goods and services (bop, current us$), per unit of gdp in Latvia was 0.626 BoP, current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest exports of goods and services (bop, current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.7727 BoP, current US$ per US$ of GDP in 2022.
- What is the lowest exports of goods and services (bop, current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.3019 BoP, current US$ per US$ of GDP in 2000.
- How does Latvia rank for exports of goods and services (bop, current us$), per unit of gdp?
- Latvia ranks 41st out of 199 countries with data for 2025.
- Is exports of goods and services (bop, current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 0.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Exports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Exports of goods and services (BoP, current US$) ÷ GDP (current US$)
Computed from
- Exports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Exports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.