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.
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
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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.