Goods exports (BoP, current US$), per unit of GDP in Latvia
Latvia: Goods exports (BoP, current US$), per unit of GDP was 0.4341 BoP, current US$ per US$ of GDP in 2025. ▲ Rising
Goods exports (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 0.4341 BoP, current US$ per US$ of GDP for goods exports (bop, current us$), per unit of gdp in 2025.
The figure is down 5.0% on the previous year and down 1.3% over ten years.
Over the whole period, goods exports (bop, current us$), per unit of gdp in Latvia peaked at 0.5726 BoP, current US$ per US$ of GDP in 2022 and was at its lowest, 0.1702 BoP, current US$ per US$ of GDP, in 2000.
That places Latvia 33rd 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.
Goods exports (BoP, current US$), per unit of GDP in Latvia, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.2439 BoP, current US$ per US$ of GDP | — |
| 1996 | 0.2105 BoP, current US$ per US$ of GDP | -13.7% |
| 1997 | 0.2278 BoP, current US$ per US$ of GDP | +8.2% |
| 1998 | 0.2282 BoP, current US$ per US$ of GDP | +0.1% |
| 1999 | 0.2011 BoP, current US$ per US$ of GDP | -11.9% |
| 2000 | 0.1702 BoP, current US$ per US$ of GDP | -15.4% |
| 2001 | 0.1792 BoP, current US$ per US$ of GDP | +5.3% |
| 2002 | 0.1857 BoP, current US$ per US$ of GDP | +3.6% |
| 2003 | 0.1957 BoP, current US$ per US$ of GDP | +5.4% |
| 2004 | 0.2427 BoP, current US$ per US$ of GDP | +24.0% |
| 2005 | 0.2945 BoP, current US$ per US$ of GDP | +21.3% |
| 2006 | 0.2751 BoP, current US$ per US$ of GDP | -6.6% |
| 2007 | 0.2638 BoP, current US$ per US$ of GDP | -4.1% |
| 2008 | 0.2661 BoP, current US$ per US$ of GDP | +0.9% |
| 2009 | 0.2732 BoP, current US$ per US$ of GDP | +2.7% |
| 2010 | 0.3762 BoP, current US$ per US$ of GDP | +37.7% |
| 2011 | 0.4396 BoP, current US$ per US$ of GDP | +16.8% |
| 2012 | 0.4605 BoP, current US$ per US$ of GDP | +4.8% |
| 2013 | 0.4486 BoP, current US$ per US$ of GDP | -2.6% |
| 2014 | 0.4524 BoP, current US$ per US$ of GDP | +0.8% |
| 2015 | 0.4397 BoP, current US$ per US$ of GDP | -2.8% |
| 2016 | 0.4282 BoP, current US$ per US$ of GDP | -2.6% |
| 2017 | 0.448 BoP, current US$ per US$ of GDP | +4.6% |
| 2018 | 0.4458 BoP, current US$ per US$ of GDP | -0.5% |
| 2019 | 0.4316 BoP, current US$ per US$ of GDP | -3.2% |
| 2020 | 0.4614 BoP, current US$ per US$ of GDP | +6.9% |
| 2021 | 0.5016 BoP, current US$ per US$ of GDP | +8.7% |
| 2022 | 0.5726 BoP, current US$ per US$ of GDP | +14.2% |
| 2023 | 0.4715 BoP, current US$ per US$ of GDP | -17.7% |
| 2024 | 0.4571 BoP, current US$ per US$ of GDP | -3.0% |
| 2025 | 0.4341 BoP, current US$ per US$ of GDP | -5.0% |
Latvia compared with similar countries
- Latvia's 0.4341 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.2502 BoP, current US$ per US$ of GDP, 1.7× the median. (72 countries reporting)
- Latvia's 0.4341 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.2916 BoP, current US$ per US$ of GDP, 1.5× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2223 BoP, current US$ per US$ of GDP | 0.2011 BoP, current US$ per US$ of GDP | 0.2439 BoP, current US$ per US$ of GDP | 5 |
| 2000s | 0.2346 BoP, current US$ per US$ of GDP | 0.1702 BoP, current US$ per US$ of GDP | 0.2945 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.437 BoP, current US$ per US$ of GDP | 0.3762 BoP, current US$ per US$ of GDP | 0.4605 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.483 BoP, current US$ per US$ of GDP | 0.4341 BoP, current US$ per US$ of GDP | 0.5726 BoP, current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 30 Kuwait 0.4497 BoP, current US$ per US$ of GDP compare
- 31 Zambia 0.4492 BoP, current US$ per US$ of GDP compare
- 32 Papua New Guinea 0.4349 BoP, current US$ per US$ of GDP compare
- 34 Belarus 0.4282 BoP, current US$ per US$ of GDP compare
- 35 Lithuania 0.4277 BoP, current US$ per US$ of GDP compare
- 36 Qatar 0.4177 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 goods exports (bop, current us$), per unit of gdp in Latvia?
- Goods exports (bop, current us$), per unit of gdp in Latvia was 0.4341 BoP, current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest goods exports (bop, current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.5726 BoP, current US$ per US$ of GDP in 2022.
- What is the lowest goods exports (bop, current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.1702 BoP, current US$ per US$ of GDP in 2000.
- How does Latvia rank for goods exports (bop, current us$), per unit of gdp?
- Latvia ranks 33rd out of 199 countries with data for 2025.
- Is goods exports (bop, current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 1.3%. 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 Goods exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Goods exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.