Latvia Trade to GDP Ratio 1995-2022

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Latvia trade to gdp ratio for 2021 was 130.22%, a 10.52% increase from 2020.
  • Latvia trade to gdp ratio for 2020 was 119.70%, a 0.68% decline from 2019.
  • Latvia trade to gdp ratio for 2019 was 120.38%, a 3.28% decline from 2018.
  • Latvia trade to gdp ratio for 2018 was 123.66%, a 0.14% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Hong Kong 403.10%
Luxembourg 388.85%
Singapore 338.31%
Malta 283.47%
Ireland 229.40%
Seychelles 197.00%
Slovak Republic 188.36%
Belgium 169.37%
Macao 164.18%
Hungary 161.91%
Slovenia 161.74%
Cyprus 160.94%
Estonia 160.79%
Lithuania 156.57%
Netherlands 156.19%
Brunei 147.12%
Czech Republic 142.11%
Latvia 130.22%
Switzerland 125.11%
Poland 117.62%
Denmark 112.43%
Austria 110.99%
Croatia 103.76%
Germany 89.39%
Greece 89.18%
Sweden 88.16%
Portugal 87.05%
South Korea 79.77%
Iceland 78.39%
Finland 77.63%
Bermuda 73.25%
Norway 70.68%
Bahamas 69.63%
Spain 68.33%
Chile 64.43%
Italy 63.06%
France 61.97%
Canada 61.23%
Saudi Arabia 59.12%
Uruguay 56.81%
United Kingdom 55.24%
Israel 54.97%
Australia 40.02%
Argentina 33.43%
Latvia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2021 130.22% 10.52%
2020 119.70% -0.68%
2019 120.38% -3.28%
2018 123.66% -0.14%
2017 123.79% 4.96%
2016 118.83% -3.39%
2015 122.23% -2.98%
2014 125.21% 0.05%
2013 125.16% -3.07%
2012 128.23% 2.74%
2011 125.49% 16.89%
2010 108.60% 22.19%
2009 86.41% -4.76%
2008 91.18% -4.40%
2007 95.57% -4.56%
2006 100.13% -0.10%
2005 100.24% 7.10%
2004 93.14% 8.52%
2003 84.61% 1.40%
2002 83.21% -3.16%
2001 86.37% 4.83%
2000 81.54% 1.67%
1999 79.87% -10.69%
1998 90.55% 2.11%
1997 88.44% -1.40%
1996 89.84% 15.97%
1995 73.87% 15.97%