Value of imported goods as a share of GDP in Latvia
Latvia: Value of imported goods as a share of GDP was 100.6% in 2014. ▲ Rising
Value of imported goods as a share of GDP in Latvia, 1995–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in %.
Analysis
In 2014, value of imported goods as a share of gdp in Latvia stood at 100.6%.
That represents a change of up 4.3% on the previous year and up 72.4% over ten years.
Over the whole period, value of imported goods as a share of gdp in Latvia peaked at 102.9% in 2012 and was at its lowest, 51.7%, in 1995.
That places Latvia 18th out of 193 countries with data for 2014, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Value of imported goods as a share of GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 51.7% | — |
| 1996 | 61.5% | +19.1% |
| 1997 | 67.8% | +10.3% |
| 1998 | 61.6% | -9.2% |
| 1999 | 59.2% | -3.9% |
| 2000 | 72.7% | +23.0% |
| 2001 | 66.2% | -9.0% |
| 2002 | 60.0% | -9.3% |
| 2003 | 60.9% | +1.5% |
| 2004 | 58.3% | -4.3% |
| 2005 | 57.2% | -2.0% |
| 2006 | 64.7% | +13.1% |
| 2007 | 58.9% | -9.0% |
| 2008 | 70.9% | +20.4% |
| 2009 | 54.6% | -23.0% |
| 2010 | 74.2% | +35.9% |
| 2011 | 90.0% | +21.4% |
| 2012 | 102.9% | +14.3% |
| 2013 | 96.5% | -6.2% |
| 2014 | 100.6% | +4.3% |
Latvia compared with similar countries
- Latvia's 100.6% is above the median for high income countries, which is 38.0%, 2.6× the median. (67 countries reporting)
- Latvia's 100.6% is above the median for Europe & Central Asia, which is 39.4%, 2.6× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 60.3% | 51.7% | 67.8% | 5 |
| 2000s | 62.4% | 54.6% | 72.7% | 10 |
| 2010s | 92.8% | 74.2% | 102.9% | 5 |
Countries ranked near Latvia
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 value of imported goods as a share of gdp in Latvia?
- Value of imported goods as a share of gdp in Latvia was 100.6% in 2014, according to Fouquin and Hugot (2016) – processed 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 102.9% in 2012.
- What is the lowest value of imported goods as a share of gdp recorded in Latvia?
- The lowest recorded value was 51.7% in 1995.
- How does Latvia rank for value of imported goods as a share of gdp?
- Latvia ranks 18th out of 193 countries with data for 2014.
- Is value of imported goods as a share of gdp rising or falling in Latvia?
- Over the last ten years it is up 72.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Fouquin and Hugot (2016) – processed 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.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to merchandise import-to-GDP ratios for countries and regions. All ratios are taken at current prices. See source for more details.