Merchandise trade as a proportion of GDP (%) in Latvia
Latvia: Merchandise trade as a proportion of GDP (%) was 101.6% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Latvia is 101.6%, measured in 2024.
That represents a change of down 13.1% on the previous year and down 5.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Latvia peaked at 141.0% in 2022 and was at its lowest, 65.3%, in 2000.
Latvia ranks 28th of 220 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 65.3% | — |
| 2001 | 67.2% | +2.9% |
| 2002 | 68.5% | +1.8% |
| 2003 | 72.3% | +5.6% |
| 2004 | 80.3% | +11.1% |
| 2005 | 85.0% | +5.8% |
| 2006 | 86.6% | +1.9% |
| 2007 | 80.3% | -7.3% |
| 2008 | 77.0% | -4.1% |
| 2009 | 68.2% | -11.5% |
| 2010 | 90.4% | +32.7% |
| 2011 | 110.7% | +22.4% |
| 2012 | 115.6% | +4.4% |
| 2013 | 110.9% | -4.0% |
| 2014 | 107.9% | -2.7% |
| 2015 | 102.5% | -5.0% |
| 2016 | 98.6% | -3.8% |
| 2017 | 106.0% | +7.6% |
| 2018 | 107.8% | +1.7% |
| 2019 | 104.7% | -2.9% |
| 2020 | 104.2% | -0.5% |
| 2021 | 118.6% | +13.8% |
| 2022 | 141.0% | +18.9% |
| 2023 | 116.9% | -17.1% |
| 2024 | 101.6% | -13.1% |
Latvia compared with similar countries
- Latvia's 101.6% is above the median for high income countries, which is 56.9%, 1.8× the median. (73 countries reporting)
- Latvia's 101.6% is above the median for Europe & Central Asia, which is 63.9%, 1.6× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75.1% | 65.3% | 86.6% | 10 |
| 2010s | 105.5% | 90.4% | 115.6% | 10 |
| 2020s | 116.5% | 101.6% | 141.0% | 5 |
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 merchandise trade as a proportion of gdp in Latvia?
- Merchandise trade as a proportion of gdp in Latvia was 101.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Latvia?
- The highest recorded value was 141.0% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Latvia?
- The lowest recorded value was 65.3% in 2000.
- How does Latvia rank for merchandise trade as a proportion of gdp?
- Latvia ranks 28th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Latvia?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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