Trade in services as share of GDP in Latvia
Latvia: Trade in services as share of GDP was 33.7% in 2025. ▲ Rising
Trade in services as share of GDP in Latvia, 1995–2025
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Latvia recorded 33.7% for trade in services as share of gdp in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 3.9% on the previous year and up 18.1% over ten years.
Over the whole period, trade in services as share of gdp in Latvia peaked at 33.7% in 2025 and was at its lowest, 17.2%, in 1995.
That places Latvia 58th out of 198 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Trade in services as share of GDP in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 17.2% | — |
| 1996 | 33.3% | +93.3% |
| 1997 | 28.5% | -14.5% |
| 1998 | 29.2% | +2.5% |
| 1999 | 25.7% | -11.8% |
| 2000 | 20.6% | -20.1% |
| 2001 | 20.2% | -2.0% |
| 2002 | 19.5% | -3.1% |
| 2003 | 23.2% | +18.6% |
| 2004 | 23.1% | -0.1% |
| 2005 | 25.0% | +7.8% |
| 2006 | 24.9% | -0.4% |
| 2007 | 24.4% | -1.7% |
| 2008 | 25.5% | +4.2% |
| 2009 | 26.4% | +3.9% |
| 2010 | 27.1% | +2.4% |
| 2011 | 28.6% | +5.5% |
| 2012 | 27.9% | -2.4% |
| 2013 | 27.4% | -1.9% |
| 2014 | 27.6% | +0.8% |
| 2015 | 28.6% | +3.6% |
| 2016 | 29.2% | +2.2% |
| 2017 | 30.0% | +2.7% |
| 2018 | 29.9% | -0.1% |
| 2019 | 30.1% | +0.4% |
| 2020 | 26.5% | -11.8% |
| 2021 | 27.7% | +4.3% |
| 2022 | 33.5% | +21.1% |
| 2023 | 32.4% | -3.2% |
| 2024 | 32.5% | +0.1% |
| 2025 | 33.7% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.8% | 17.2% | 33.3% | 5 |
| 2000s | 23.3% | 19.5% | 26.4% | 10 |
| 2010s | 28.6% | 27.1% | 30.1% | 10 |
| 2020s | 31.1% | 26.5% | 33.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5685 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 14,960 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.64 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4253 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 11,190 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
Frequently asked questions
- What is trade in services as share of gdp in Latvia?
- Trade in services as share of gdp in Latvia was 33.7% in 2025, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Latvia?
- The highest recorded value was 33.7% in 2025.
- What is the lowest trade in services as share of gdp recorded in Latvia?
- The lowest recorded value was 17.2% in 1995.
- How does Latvia rank for trade in services as share of gdp?
- Latvia ranks 58th out of 198 countries with data for 2025.
- Is trade in services as share of gdp rising or falling in Latvia?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).