Volume of freight transport relative to GDP in Latvia
Latvia: Volume of freight transport relative to GDP was 36.3 Index, 2015=100 in 2024. ▼ Falling
Volume of freight transport relative to GDP in Latvia, 2005–2024
Source: Eurostat. Measured in Index, 2015=100.
Analysis
The most recent figure for volume of freight transport relative to gdp in Latvia is 36.3 Index, 2015=100, measured in 2024. That is the lowest value across all 20 years on record.
That represents a change of down 15.4% on the previous year and down 65.4% over ten years.
Over the whole period, volume of freight transport relative to gdp in Latvia peaked at 124.5 Index, 2015=100 in 2011 and was at its lowest, 36.3 Index, 2015=100, in 2024.
That places Latvia 37th out of 38 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Volume of freight transport relative to GDP in Latvia, year by year
| Year | Index, 2015=100 | Change |
|---|---|---|
| 2005 | 115.5 Index, 2015=100 | — |
| 2006 | 90.4 Index, 2015=100 | -21.7% |
| 2007 | 89.6 Index, 2015=100 | -0.9% |
| 2008 | 95.8 Index, 2015=100 | +6.9% |
| 2009 | 106.6 Index, 2015=100 | +11.3% |
| 2010 | 105.6 Index, 2015=100 | -0.9% |
| 2011 | 124.5 Index, 2015=100 | +17.9% |
| 2012 | 118.6 Index, 2015=100 | -4.7% |
| 2013 | 107.6 Index, 2015=100 | -9.3% |
| 2014 | 104.8 Index, 2015=100 | -2.6% |
| 2015 | 100 Index, 2015=100 | -4.6% |
| 2016 | 85.3 Index, 2015=100 | -14.7% |
| 2017 | 80.7 Index, 2015=100 | -5.4% |
| 2018 | 89.8 Index, 2015=100 | +11.3% |
| 2019 | 77.3 Index, 2015=100 | -13.9% |
| 2020 | 55.5 Index, 2015=100 | -28.2% |
| 2021 | 50.6 Index, 2015=100 | -8.8% |
| 2022 | 50.2 Index, 2015=100 | -0.8% |
| 2023 | 42.9 Index, 2015=100 | -14.5% |
| 2024 | 36.3 Index, 2015=100 | -15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 99.58 Index, 2015=100 | 89.6 Index, 2015=100 | 115.5 Index, 2015=100 | 5 |
| 2010s | 99.42 Index, 2015=100 | 77.3 Index, 2015=100 | 124.5 Index, 2015=100 | 10 |
| 2020s | 47.1 Index, 2015=100 | 36.3 Index, 2015=100 | 55.5 Index, 2015=100 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is volume of freight transport relative to gdp in Latvia?
- Volume of freight transport relative to gdp in Latvia was 36.3 Index, 2015=100 in 2024, according to Eurostat.
- What is the highest volume of freight transport relative to gdp recorded in Latvia?
- The highest recorded value was 124.5 Index, 2015=100 in 2011.
- What is the lowest volume of freight transport relative to gdp recorded in Latvia?
- The lowest recorded value was 36.3 Index, 2015=100 in 2024.
- How does Latvia rank for volume of freight transport relative to gdp?
- Latvia ranks 37th out of 38 countries with data for 2024.
- Is volume of freight transport relative to gdp rising or falling in Latvia?
- Over the last ten years it is down 65.4%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Volume of freight transport relative to GDP. Statizoid updates them automatically from the source API.
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