Exports of goods and services in Latvia
Latvia: Exports of goods and services was 62.6% in 2025. ▲ Rising
Exports of goods and services in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for exports of goods and services in Latvia is 62.6%, measured in 2025.
The figure is down 3.5% on the previous year and down 0.0% over ten years.
Over the whole period, exports of goods and services in Latvia peaked at 77.5% in 2022 and was at its lowest, 35.7%, in 1995.
That places Latvia 39th out of 193 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 in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 35.7% | — |
| 1996 | 41.6% | +16.7% |
| 1997 | 40.8% | -2.0% |
| 1998 | 40.3% | -1.2% |
| 1999 | 36.0% | -10.6% |
| 2000 | 37.7% | +4.7% |
| 2001 | 38.8% | +2.8% |
| 2002 | 37.8% | -2.7% |
| 2003 | 37.7% | -0.0% |
| 2004 | 40.6% | +7.7% |
| 2005 | 44.8% | +10.3% |
| 2006 | 42.0% | -6.4% |
| 2007 | 40.4% | -3.7% |
| 2008 | 41.2% | +2.1% |
| 2009 | 43.4% | +5.2% |
| 2010 | 54.4% | +25.3% |
| 2011 | 61.8% | +13.7% |
| 2012 | 63.8% | +3.3% |
| 2013 | 62.6% | -2.0% |
| 2014 | 63.6% | +1.6% |
| 2015 | 62.6% | -1.5% |
| 2016 | 61.9% | -1.1% |
| 2017 | 64.1% | +3.6% |
| 2018 | 63.9% | -0.4% |
| 2019 | 62.5% | -2.1% |
| 2020 | 62.7% | +0.2% |
| 2021 | 66.8% | +6.6% |
| 2022 | 77.5% | +16.0% |
| 2023 | 66.0% | -14.9% |
| 2024 | 64.9% | -1.7% |
| 2025 | 62.6% | -3.5% |
Latvia compared with similar countries
- Latvia's 62.6% is above the median for high income countries, which is 52.0%, 1.2× the median. (72 countries reporting)
- Latvia's 62.6% is above the median for Europe & Central Asia, which is 46.4%, 1.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.9% | 35.7% | 41.6% | 5 |
| 2000s | 40.4% | 37.7% | 44.8% | 10 |
| 2010s | 62.1% | 54.4% | 64.1% | 10 |
| 2020s | 66.7% | 62.6% | 77.5% | 6 |
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 exports of goods and services in Latvia?
- Exports of goods and services in Latvia was 62.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest exports of goods and services recorded in Latvia?
- The highest recorded value was 77.5% in 2022.
- What is the lowest exports of goods and services recorded in Latvia?
- The lowest recorded value was 35.7% in 1995.
- How does Latvia rank for exports of goods and services?
- Latvia ranks 39th out of 193 countries with data for 2025.
- Is exports of goods and services rising or falling in Latvia?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Exports of goods and services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-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.