Imports of goods and services (BoP, current US$), per unit of GDP in Latvia
Latvia: Imports of goods and services (BoP, current US$), per unit of GDP was 0.672 BoP, current US$ per US$ of GDP in 2025. ▲ Rising
Imports 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 0.672 BoP, current US$ per US$ of GDP for imports of goods and services (bop, current us$), per unit of gdp in 2025.
The figure is up 1.2% on the previous year and up 5.4% over ten years.
Over the whole period, imports of goods and services (bop, current us$), per unit of gdp in Latvia peaked at 0.8211 BoP, current US$ per US$ of GDP in 2022 and was at its lowest, 0.358 BoP, current US$ per US$ of GDP, in 2000.
Latvia ranks 47th of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Imports 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 | 0.3911 BoP, current US$ per US$ of GDP | — |
| 1996 | 0.4863 BoP, current US$ per US$ of GDP | +24.4% |
| 1997 | 0.483 BoP, current US$ per US$ of GDP | -0.7% |
| 1998 | 0.5206 BoP, current US$ per US$ of GDP | +7.8% |
| 1999 | 0.4559 BoP, current US$ per US$ of GDP | -12.4% |
| 2000 | 0.358 BoP, current US$ per US$ of GDP | -21.5% |
| 2001 | 0.3895 BoP, current US$ per US$ of GDP | +8.8% |
| 2002 | 0.3975 BoP, current US$ per US$ of GDP | +2.0% |
| 2003 | 0.4632 BoP, current US$ per US$ of GDP | +16.5% |
| 2004 | 0.5423 BoP, current US$ per US$ of GDP | +17.1% |
| 2005 | 0.5953 BoP, current US$ per US$ of GDP | +9.8% |
| 2006 | 0.6413 BoP, current US$ per US$ of GDP | +7.7% |
| 2007 | 0.6066 BoP, current US$ per US$ of GDP | -5.4% |
| 2008 | 0.5484 BoP, current US$ per US$ of GDP | -9.6% |
| 2009 | 0.4554 BoP, current US$ per US$ of GDP | -17.0% |
| 2010 | 0.5682 BoP, current US$ per US$ of GDP | +24.8% |
| 2011 | 0.683 BoP, current US$ per US$ of GDP | +20.2% |
| 2012 | 0.695 BoP, current US$ per US$ of GDP | +1.8% |
| 2013 | 0.6718 BoP, current US$ per US$ of GDP | -3.3% |
| 2014 | 0.664 BoP, current US$ per US$ of GDP | -1.2% |
| 2015 | 0.6377 BoP, current US$ per US$ of GDP | -4.0% |
| 2016 | 0.6137 BoP, current US$ per US$ of GDP | -3.8% |
| 2017 | 0.6473 BoP, current US$ per US$ of GDP | +5.5% |
| 2018 | 0.6427 BoP, current US$ per US$ of GDP | -0.7% |
| 2019 | 0.6274 BoP, current US$ per US$ of GDP | -2.4% |
| 2020 | 0.6133 BoP, current US$ per US$ of GDP | -2.2% |
| 2021 | 0.6988 BoP, current US$ per US$ of GDP | +14.0% |
| 2022 | 0.8211 BoP, current US$ per US$ of GDP | +17.5% |
| 2023 | 0.6983 BoP, current US$ per US$ of GDP | -15.0% |
| 2024 | 0.6644 BoP, current US$ per US$ of GDP | -4.9% |
| 2025 | 0.672 BoP, current US$ per US$ of GDP | +1.2% |
Latvia compared with similar countries
- Latvia's 0.672 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.4933 BoP, current US$ per US$ of GDP, 1.4× the median. (72 countries reporting)
- Latvia's 0.672 BoP, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.5426 BoP, current US$ per US$ of GDP, 1.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4674 BoP, current US$ per US$ of GDP | 0.3911 BoP, current US$ per US$ of GDP | 0.5206 BoP, current US$ per US$ of GDP | 5 |
| 2000s | 0.4998 BoP, current US$ per US$ of GDP | 0.358 BoP, current US$ per US$ of GDP | 0.6413 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.6451 BoP, current US$ per US$ of GDP | 0.5682 BoP, current US$ per US$ of GDP | 0.695 BoP, current US$ per US$ of GDP | 10 |
| 2020s | 0.6947 BoP, current US$ per US$ of GDP | 0.6133 BoP, current US$ per US$ of GDP | 0.8211 BoP, current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 44 Hungary 0.6837 BoP, current US$ per US$ of GDP compare
- 45 Namibia 0.6774 BoP, current US$ per US$ of GDP compare
- 46 Thailand 0.674 BoP, current US$ per US$ of GDP compare
- 48 Dominica 0.6666 BoP, current US$ per US$ of GDP compare
- 49 Montenegro 0.6658 BoP, current US$ per US$ of GDP compare
- 50 Malaysia 0.661 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 imports of goods and services (bop, current us$), per unit of gdp in Latvia?
- Imports of goods and services (bop, current us$), per unit of gdp in Latvia was 0.672 BoP, current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.8211 BoP, current US$ per US$ of GDP in 2022.
- What is the lowest imports of goods and services (bop, current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.358 BoP, current US$ per US$ of GDP in 2000.
- How does Latvia rank for imports of goods and services (bop, current us$), per unit of gdp?
- Latvia ranks 47th out of 199 countries with data for 2025.
- Is imports of goods and services (bop, current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 5.4%. 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 Imports of goods and services (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (BoP, current US$) ÷ GDP (current US$)
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Imports of goods and services (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.