{"entity":{"iso2":"LV","iso3":"LVA","name":"Latvia","slug":"latvia"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"trade-as-share-of-gdp","source":"National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) \u2013 processed by Our World in Data","source_url":"https://ourworldindata.org/grapher/trade-as-share-of-gdp","title":"Trade as a share of GDP","unit":"% of GDP"},"observations":[{"date":"1995-01-01","value":76.25},{"date":"1996-01-01","value":92.5618},{"date":"1997-01-01","value":90.9262},{"date":"1998-01-01","value":93.0487},{"date":"1999-01-01","value":82.1506},{"date":"2000-01-01","value":83.6121},{"date":"2001-01-01","value":88.1768},{"date":"2002-01-01","value":85.9772},{"date":"2003-01-01","value":88.5816},{"date":"2004-01-01","value":97.2353},{"date":"2005-01-01","value":104.517},{"date":"2006-01-01","value":105.695},{"date":"2007-01-01","value":100.881},{"date":"2008-01-01","value":95.7682},{"date":"2009-01-01","value":88.832},{"date":"2010-01-01","value":110.862},{"date":"2011-01-01","value":129.735},{"date":"2012-01-01","value":133.212},{"date":"2013-01-01","value":129.677},{"date":"2014-01-01","value":130.042},{"date":"2015-01-01","value":126.38},{"date":"2016-01-01","value":123.331},{"date":"2017-01-01","value":128.714},{"date":"2018-01-01","value":128.234},{"date":"2019-01-01","value":125.292},{"date":"2020-01-01","value":123.883},{"date":"2021-01-01","value":136.797},{"date":"2022-01-01","value":159.893},{"date":"2023-01-01","value":135.643},{"date":"2024-01-01","value":131.31},{"date":"2025-01-01","value":129.724}],"summary":{"latest_period":"2025-01-01","latest_value":129.724,"max":159.893,"mean":111.514,"min":76.25,"of":191,"rank":38,"trend":"rising"}}