Goods imports (BoP, current US$), per unit of GDP in Latvia
Latvia: Goods imports (BoP, current US$), per unit of GDP was 0.5266 BoP, current US$ per US$ of GDP in 2025. ▲ Rising
Goods imports (BoP, current US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2025, goods imports (bop, current us$), per unit of gdp in Latvia stood at 0.5266 BoP, current US$ per US$ of GDP.
Compared with earlier readings it is down 0.9% on the previous year and down 2.2% over ten years.
Over the whole period, goods imports (bop, current us$), per unit of gdp in Latvia peaked at 0.6861 BoP, current US$ per US$ of GDP in 2022 and was at its lowest, 0.284 BoP, current US$ per US$ of GDP, in 2000.
That places Latvia 32nd 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 imports (BoP, current US$), per unit of GDP in Latvia, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3472 BoP, current US$ per US$ of GDP | — |
| 1996 | 0.3577 BoP, current US$ per US$ of GDP | +3.0% |
| 1997 | 0.3781 BoP, current US$ per US$ of GDP | +5.7% |
| 1998 | 0.4025 BoP, current US$ per US$ of GDP | +6.5% |
| 1999 | 0.3591 BoP, current US$ per US$ of GDP | -10.8% |
| 2000 | 0.284 BoP, current US$ per US$ of GDP | -20.9% |
| 2001 | 0.3201 BoP, current US$ per US$ of GDP | +12.7% |
| 2002 | 0.3308 BoP, current US$ per US$ of GDP | +3.3% |
| 2003 | 0.3831 BoP, current US$ per US$ of GDP | +15.8% |
| 2004 | 0.4574 BoP, current US$ per US$ of GDP | +19.4% |
| 2005 | 0.4971 BoP, current US$ per US$ of GDP | +8.7% |
| 2006 | 0.5412 BoP, current US$ per US$ of GDP | +8.9% |
| 2007 | 0.511 BoP, current US$ per US$ of GDP | -5.6% |
| 2008 | 0.4511 BoP, current US$ per US$ of GDP | -11.7% |
| 2009 | 0.3618 BoP, current US$ per US$ of GDP | -19.8% |
| 2010 | 0.4694 BoP, current US$ per US$ of GDP | +29.8% |
| 2011 | 0.5785 BoP, current US$ per US$ of GDP | +23.3% |
| 2012 | 0.5933 BoP, current US$ per US$ of GDP | +2.6% |
| 2013 | 0.5745 BoP, current US$ per US$ of GDP | -3.2% |
| 2014 | 0.5706 BoP, current US$ per US$ of GDP | -0.7% |
| 2015 | 0.5383 BoP, current US$ per US$ of GDP | -5.7% |
| 2016 | 0.5125 BoP, current US$ per US$ of GDP | -4.8% |
| 2017 | 0.5424 BoP, current US$ per US$ of GDP | +5.8% |
| 2018 | 0.5356 BoP, current US$ per US$ of GDP | -1.3% |
| 2019 | 0.5203 BoP, current US$ per US$ of GDP | -2.9% |
| 2020 | 0.5144 BoP, current US$ per US$ of GDP | -1.1% |
| 2021 | 0.5874 BoP, current US$ per US$ of GDP | +14.2% |
| 2022 | 0.6861 BoP, current US$ per US$ of GDP | +16.8% |
| 2023 | 0.5638 BoP, current US$ per US$ of GDP | -17.8% |
| 2024 | 0.5311 BoP, current US$ per US$ of GDP | -5.8% |
| 2025 | 0.5266 BoP, current US$ per US$ of GDP | -0.9% |
Latvia compared with similar countries
- Latvia's 0.5266 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.3181 BoP, current US$ per US$ of GDP, 1.7× the median. (72 countries reporting)
- Latvia's 0.5266 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.3919 BoP, current US$ per US$ of GDP, 1.3× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3689 BoP, current US$ per US$ of GDP | 0.3472 BoP, current US$ per US$ of GDP | 0.4025 BoP, current US$ per US$ of GDP | 5 |
| 2000s | 0.4137 BoP, current US$ per US$ of GDP | 0.284 BoP, current US$ per US$ of GDP | 0.5412 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.5435 BoP, current US$ per US$ of GDP | 0.4694 BoP, current US$ per US$ of GDP | 0.5933 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.5682 BoP, current US$ per US$ of GDP | 0.5144 BoP, current US$ per US$ of GDP | 0.6861 BoP, current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 29 Montenegro 0.5316 BoP, current US$ per US$ of GDP compare
- 30 Libya 0.5276 BoP, current US$ per US$ of GDP compare
- 31 Malaysia 0.5275 BoP, current US$ per US$ of GDP compare
- 33 Laos 0.5249 BoP, current US$ per US$ of GDP compare
- 34 Estonia 0.5181 BoP, current US$ per US$ of GDP compare
- 35 Nicaragua 0.5144 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 imports (bop, current us$), per unit of gdp in Latvia?
- Goods imports (bop, current us$), per unit of gdp in Latvia was 0.5266 BoP, current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest goods imports (bop, current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.6861 BoP, current US$ per US$ of GDP in 2022.
- What is the lowest goods imports (bop, current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.284 BoP, current US$ per US$ of GDP in 2000.
- How does Latvia rank for goods imports (bop, current us$), per unit of gdp?
- Latvia ranks 32nd out of 199 countries with data for 2025.
- Is goods imports (bop, current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 2.2%. 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 imports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods imports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Goods imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.