Value of imported goods and services, per unit of GDP in Latvia
Latvia: Value of imported goods and services, per unit of GDP was 0.5233 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Value of imported goods and services, per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for value of imported goods and services, per unit of gdp in Latvia is 0.5233 constant 2015 US$ per US$ of GDP, measured in 2025.
The figure is down 4.3% on the previous year and down 18.0% over ten years.
Over the whole period, value of imported goods and services, per unit of gdp in Latvia peaked at 0.997 constant 2015 US$ per US$ of GDP in 1998 and was at its lowest, 0.4329 constant 2015 US$ per US$ of GDP, in 2009.
Latvia ranks 44th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Value of imported goods and services, per unit of GDP in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.8015 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.9822 constant 2015 US$ per US$ of GDP | +22.6% |
| 1997 | 0.9378 constant 2015 US$ per US$ of GDP | -4.5% |
| 1998 | 0.997 constant 2015 US$ per US$ of GDP | +6.3% |
| 1999 | 0.8999 constant 2015 US$ per US$ of GDP | -9.7% |
| 2000 | 0.8726 constant 2015 US$ per US$ of GDP | -3.0% |
| 2001 | 0.9555 constant 2015 US$ per US$ of GDP | +9.5% |
| 2002 | 0.8691 constant 2015 US$ per US$ of GDP | -9.0% |
| 2003 | 0.7991 constant 2015 US$ per US$ of GDP | -8.1% |
| 2004 | 0.7839 constant 2015 US$ per US$ of GDP | -1.9% |
| 2005 | 0.7775 constant 2015 US$ per US$ of GDP | -0.8% |
| 2006 | 0.7555 constant 2015 US$ per US$ of GDP | -2.8% |
| 2007 | 0.6162 constant 2015 US$ per US$ of GDP | -18.4% |
| 2008 | 0.4715 constant 2015 US$ per US$ of GDP | -23.5% |
| 2009 | 0.4329 constant 2015 US$ per US$ of GDP | -8.2% |
| 2010 | 0.5343 constant 2015 US$ per US$ of GDP | +23.4% |
| 2011 | 0.5783 constant 2015 US$ per US$ of GDP | +8.2% |
| 2012 | 0.5964 constant 2015 US$ per US$ of GDP | +3.1% |
| 2013 | 0.554 constant 2015 US$ per US$ of GDP | -7.1% |
| 2014 | 0.5494 constant 2015 US$ per US$ of GDP | -0.8% |
| 2015 | 0.6378 constant 2015 US$ per US$ of GDP | +16.1% |
| 2016 | 0.6456 constant 2015 US$ per US$ of GDP | +1.2% |
| 2017 | 0.6467 constant 2015 US$ per US$ of GDP | +0.2% |
| 2018 | 0.6079 constant 2015 US$ per US$ of GDP | -6.0% |
| 2019 | 0.623 constant 2015 US$ per US$ of GDP | +2.5% |
| 2020 | 0.6108 constant 2015 US$ per US$ of GDP | -2.0% |
| 2021 | 0.6148 constant 2015 US$ per US$ of GDP | +0.7% |
| 2022 | 0.6789 constant 2015 US$ per US$ of GDP | +10.4% |
| 2023 | 0.5727 constant 2015 US$ per US$ of GDP | -15.6% |
| 2024 | 0.547 constant 2015 US$ per US$ of GDP | -4.5% |
| 2025 | 0.5233 constant 2015 US$ per US$ of GDP | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9237 constant 2015 US$ per US$ of GDP | 0.8015 constant 2015 US$ per US$ of GDP | 0.997 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.7334 constant 2015 US$ per US$ of GDP | 0.4329 constant 2015 US$ per US$ of GDP | 0.9555 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.5973 constant 2015 US$ per US$ of GDP | 0.5343 constant 2015 US$ per US$ of GDP | 0.6467 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.5913 constant 2015 US$ per US$ of GDP | 0.5233 constant 2015 US$ per US$ of GDP | 0.6789 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 41 North Macedonia 0.536 constant 2015 US$ per US$ of GDP compare
- 42 Tonga 0.5345 constant 2015 US$ per US$ of GDP compare
- 43 Guam 0.5255 constant 2015 US$ per US$ of GDP compare
- 45 Nicaragua 0.511 constant 2015 US$ per US$ of GDP compare
- 46 Mauritania 0.5109 constant 2015 US$ per US$ of GDP compare
- 47 Montenegro 0.5032 constant 2015 US$ per US$ of GDP 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 value of imported goods and services, per unit of gdp in Latvia?
- Value of imported goods and services, per unit of gdp in Latvia was 0.5233 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest value of imported goods and services, per unit of gdp recorded in Latvia?
- The highest recorded value was 0.997 constant 2015 US$ per US$ of GDP in 1998.
- What is the lowest value of imported goods and services, per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.4329 constant 2015 US$ per US$ of GDP in 2009.
- How does Latvia rank for value of imported goods and services, per unit of gdp?
- Latvia ranks 44th out of 170 countries with data for 2025.
- Is value of imported goods and services, per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Value of imported goods and services, per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value of imported goods and services ÷ GDP (current US$)
Computed from
- Value of imported goods and services National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Value of imported goods and services divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.