Trade in Latvia
Latvia: Trade was 129.7% in 2025. ▲ Rising
Trade in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, trade in Latvia stood at 129.7%.
Compared with earlier readings it is down 1.2% on the previous year and up 2.6% over ten years.
Over the whole period, trade in Latvia peaked at 159.9% in 2022 and was at its lowest, 76.2%, in 1995.
Latvia ranks 38th of 192 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Trade in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 76.2% | — |
| 1996 | 92.6% | +21.4% |
| 1997 | 90.9% | -1.8% |
| 1998 | 93.0% | +2.3% |
| 1999 | 82.2% | -11.7% |
| 2000 | 83.6% | +1.8% |
| 2001 | 88.2% | +5.5% |
| 2002 | 86.0% | -2.5% |
| 2003 | 88.6% | +3.0% |
| 2004 | 97.2% | +9.8% |
| 2005 | 104.5% | +7.5% |
| 2006 | 105.7% | +1.1% |
| 2007 | 100.9% | -4.6% |
| 2008 | 95.8% | -5.1% |
| 2009 | 88.8% | -7.2% |
| 2010 | 110.9% | +24.8% |
| 2011 | 129.7% | +17.0% |
| 2012 | 133.2% | +2.7% |
| 2013 | 129.7% | -2.7% |
| 2014 | 130.0% | +0.3% |
| 2015 | 126.4% | -2.8% |
| 2016 | 123.3% | -2.4% |
| 2017 | 128.7% | +4.4% |
| 2018 | 128.2% | -0.4% |
| 2019 | 125.3% | -2.3% |
| 2020 | 123.9% | -1.1% |
| 2021 | 136.8% | +10.4% |
| 2022 | 159.9% | +16.9% |
| 2023 | 135.6% | -15.2% |
| 2024 | 131.3% | -3.2% |
| 2025 | 129.7% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 87.0% | 76.2% | 93.0% | 5 |
| 2000s | 93.9% | 83.6% | 105.7% | 10 |
| 2010s | 126.5% | 110.9% | 133.2% | 10 |
| 2020s | 136.2% | 123.9% | 159.9% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in Latvia?
- Trade in Latvia was 129.7% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Latvia?
- The highest recorded value was 159.9% in 2022.
- What is the lowest trade recorded in Latvia?
- The lowest recorded value was 76.2% in 1995.
- How does Latvia rank for trade?
- Latvia ranks 38th out of 192 countries with data for 2025.
- Is trade rising or falling in Latvia?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% 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 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.