Value of imported goods as a share of GDP (International Monetary) in Latvia
Latvia: Value of imported goods as a share of GDP (International Monetary) was 54.6% in 2025. ▲ Rising
Value of imported goods as a share of GDP in Latvia, 1995–2025
Source: International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for value of imported goods as a share of gdp in Latvia is 54.6%, measured in 2025.
Compared with earlier readings it is up 1.5% on the previous year and down 1.5% over ten years.
Over the whole period, value of imported goods as a share of gdp in Latvia peaked at 75.7% in 2022 and was at its lowest, 31.8%, in 1995.
That places Latvia 34th out of 201 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.
Value of imported goods as a share of GDP (International Monetary) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 31.8% | — |
| 1996 | 39.1% | +22.9% |
| 1997 | 42.8% | +9.4% |
| 1998 | 45.7% | +6.9% |
| 1999 | 40.2% | -12.1% |
| 2000 | 40.8% | +1.5% |
| 2001 | 42.4% | +3.7% |
| 2002 | 43.5% | +2.7% |
| 2003 | 46.5% | +6.8% |
| 2004 | 50.0% | +7.7% |
| 2005 | 53.1% | +6.2% |
| 2006 | 56.7% | +6.7% |
| 2007 | 52.1% | -8.0% |
| 2008 | 47.4% | -9.1% |
| 2009 | 38.2% | -19.5% |
| 2010 | 49.8% | +30.3% |
| 2011 | 61.3% | +23.2% |
| 2012 | 63.5% | +3.6% |
| 2013 | 61.3% | -3.5% |
| 2014 | 59.3% | -3.2% |
| 2015 | 55.4% | -6.6% |
| 2016 | 53.2% | -4.1% |
| 2017 | 57.2% | +7.7% |
| 2018 | 56.4% | -1.4% |
| 2019 | 55.3% | -2.0% |
| 2020 | 54.3% | -1.7% |
| 2021 | 62.2% | +14.5% |
| 2022 | 75.7% | +21.6% |
| 2023 | 62.1% | -17.9% |
| 2024 | 53.8% | -13.4% |
| 2025 | 54.6% | +1.5% |
Latvia compared with similar countries
- Latvia's 54.6% is above the median for high income countries, which is 30.4%, 1.8× the median. (73 countries reporting)
- Latvia's 54.6% is above the median for Europe & Central Asia, which is 38.0%, 1.4× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.9% | 31.8% | 45.7% | 5 |
| 2000s | 47.1% | 38.2% | 56.7% | 10 |
| 2010s | 57.3% | 49.8% | 63.5% | 10 |
| 2020s | 60.5% | 53.8% | 75.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is value of imported goods as a share of gdp in Latvia?
- Value of imported goods as a share of gdp in Latvia was 54.6% in 2025, according to International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Latvia?
- The highest recorded value was 75.7% in 2022.
- What is the lowest value of imported goods as a share of gdp recorded in Latvia?
- The lowest recorded value was 31.8% in 1995.
- How does Latvia rank for value of imported goods as a share of gdp?
- Latvia ranks 34th out of 201 countries with data for 2025.
- Is value of imported goods as a share of gdp rising or falling in Latvia?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).