Net trade in goods (BoP, current US$), annual growth rate in Latvia
Latvia: Net trade in goods (BoP, current US$), annual growth rate was -37.94 % change on previous year in 2025. ◆ Volatile
Net trade in goods (BoP, current US$), annual growth rate in Latvia, 1993–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, net trade in goods (bop, current us$), annual growth rate in Latvia stood at -37.94 % change on previous year.
Compared with earlier readings it is down 317.1% on the previous year and down 238.4% over ten years.
Over the whole period, net trade in goods (bop, current us$), annual growth rate in Latvia peaked at 107.65 % change on previous year in 1993 and was at its lowest, -92.82 % change on previous year, in 1995.
That places Latvia 177th out of 199 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1993 | 107.65 % change on previous year | — |
| 1995 | -92.82 % change on previous year | -186.2% |
| 1996 | -47.27 % change on previous year | -49.1% |
| 1997 | -11.76 % change on previous year | -75.1% |
| 1998 | -27.47 % change on previous year | +133.6% |
| 1999 | 4.83 % change on previous year | -117.6% |
| 2000 | 23.58 % change on previous year | +388.5% |
| 2001 | -30.52 % change on previous year | -229.4% |
| 2002 | -16.34 % change on previous year | -46.5% |
| 2003 | -57.01 % change on previous year | +248.9% |
| 2004 | -40.68 % change on previous year | -28.6% |
| 2005 | -11.28 % change on previous year | -72.3% |
| 2006 | -64.79 % change on previous year | +474.3% |
| 2007 | -33.7 % change on previous year | -48.0% |
| 2008 | 13.16 % change on previous year | -139.1% |
| 2009 | 63.99 % change on previous year | +386.1% |
| 2010 | 3.97 % change on previous year | -93.8% |
| 2011 | -69.03 % change on previous year | -1839.8% |
| 2012 | 2.44 % change on previous year | -103.5% |
| 2013 | -1.87 % change on previous year | -176.7% |
| 2014 | 2.42 % change on previous year | -229.1% |
| 2015 | 27.4 % change on previous year | +1034.5% |
| 2016 | 12.02 % change on previous year | -56.1% |
| 2017 | -21.42 % change on previous year | -278.2% |
| 2018 | -7.44 % change on previous year | -65.3% |
| 2019 | 1.68 % change on previous year | -122.5% |
| 2020 | 39.69 % change on previous year | +2268.5% |
| 2021 | -85.21 % change on previous year | -314.7% |
| 2022 | -31.61 % change on previous year | -62.9% |
| 2023 | 8.44 % change on previous year | -126.7% |
| 2024 | 17.48 % change on previous year | +107.1% |
| 2025 | -37.94 % change on previous year | -317.1% |
Latvia compared with similar countries
- Latvia's -37.94 % change on previous year is below the median for high income countries, which is -3.79 % change on previous year, 10.0× the median. (71 countries reporting)
- Latvia's -37.94 % change on previous year is below the median for Europe & Central Asia, which is -11.35 % change on previous year, 3.3× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$), annual growth rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +2268.5% | 1.68 % change on previous year | 39.69 % change on previous year |
| 2011 | -1839.8% | 3.97 % change on previous year | -69.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -11.14 % change on previous year | -92.82 % change on previous year | 107.65 % change on previous year | 6 |
| 2000s | -15.36 % change on previous year | -64.79 % change on previous year | 63.99 % change on previous year | 10 |
| 2010s | -4.98 % change on previous year | -69.03 % change on previous year | 27.4 % change on previous year | 10 |
| 2020s | -14.86 % change on previous year | -85.21 % change on previous year | 39.69 % change on previous year | 6 |
Countries ranked near Latvia
- 174 Tuvalu -36.07 % change on previous year compare
- 175 Kazakhstan -36.83 % change on previous year compare
- 176 Faroe Islands -37 % change on previous year compare
- 178 Iraq -38.21 % change on previous year compare
- 179 Armenia -39.38 % change on previous year compare
- 180 Namibia -42.12 % change on previous year compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), 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 net trade in goods (bop, current us$), annual growth rate in Latvia?
- Net trade in goods (bop, current us$), annual growth rate in Latvia was -37.94 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest net trade in goods (bop, current us$), annual growth rate recorded in Latvia?
- The highest recorded value was 107.65 % change on previous year in 1993.
- What is the lowest net trade in goods (bop, current us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -92.82 % change on previous year in 1995.
- How does Latvia rank for net trade in goods (bop, current us$), annual growth rate?
- Latvia ranks 177th out of 199 countries with data for 2025.
- Is net trade in goods (bop, current us$), annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 238.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Net trade in goods (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net trade in goods Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net trade in goods (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.