Imports of goods and services in Latvia
Latvia: Imports of goods and services was 67.2% in 2025. ▲ Rising
Imports of goods and services in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Latvia recorded 67.2% for imports of goods and services in 2025.
That represents a change of up 1.1% on the previous year and up 5.3% over ten years.
Over the whole period, imports of goods and services in Latvia peaked at 82.4% in 2022 and was at its lowest, 40.6%, in 1995.
That places Latvia 46th 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.
Imports of goods and services in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 40.6% | — |
| 1996 | 50.9% | +25.5% |
| 1997 | 50.1% | -1.6% |
| 1998 | 52.7% | +5.2% |
| 1999 | 46.1% | -12.5% |
| 2000 | 45.9% | -0.5% |
| 2001 | 49.4% | +7.6% |
| 2002 | 48.2% | -2.3% |
| 2003 | 50.8% | +5.4% |
| 2004 | 56.6% | +11.3% |
| 2005 | 59.7% | +5.5% |
| 2006 | 63.7% | +6.7% |
| 2007 | 60.5% | -5.1% |
| 2008 | 54.5% | -9.9% |
| 2009 | 45.4% | -16.7% |
| 2010 | 56.5% | +24.3% |
| 2011 | 67.9% | +20.2% |
| 2012 | 69.4% | +2.1% |
| 2013 | 67.1% | -3.3% |
| 2014 | 66.5% | -0.9% |
| 2015 | 63.8% | -4.0% |
| 2016 | 61.4% | -3.7% |
| 2017 | 64.6% | +5.2% |
| 2018 | 64.4% | -0.3% |
| 2019 | 62.8% | -2.5% |
| 2020 | 61.2% | -2.4% |
| 2021 | 70.0% | +14.3% |
| 2022 | 82.4% | +17.7% |
| 2023 | 69.7% | -15.5% |
| 2024 | 66.4% | -4.6% |
| 2025 | 67.2% | +1.1% |
Latvia compared with similar countries
- Latvia's 67.2% is above the median for high income countries, which is 51.2%, 1.3× the median. (72 countries reporting)
- Latvia's 67.2% is above the median for Europe & Central Asia, which is 52.7%, 1.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.1% | 40.6% | 52.7% | 5 |
| 2000s | 53.5% | 45.4% | 63.7% | 10 |
| 2010s | 64.4% | 56.5% | 69.4% | 10 |
| 2020s | 69.5% | 61.2% | 82.4% | 6 |
Countries ranked near Latvia
- 43 Afghanistan 68.1% compare
- 44 Cambodia 67.4% compare
- 45 Thailand 67.3% compare
- 47 Libya 65.9% compare
- 48 Montenegro 65.7% compare
- 49 Kyrgyzstan 65.6% 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 in Latvia?
- Imports of goods and services in Latvia was 67.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Latvia?
- The highest recorded value was 82.4% in 2022.
- What is the lowest imports of goods and services recorded in Latvia?
- The lowest recorded value was 40.6% in 1995.
- How does Latvia rank for imports of goods and services?
- Latvia ranks 46th out of 193 countries with data for 2025.
- Is imports of goods and services rising or falling in Latvia?
- Over the last ten years it is up 5.3%. 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 Imports of goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.