Latvia Trade to GDP Ratio 1995-2023
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 130.37%, a 11.53% increase from 2020.
- Latvia trade to gdp ratio for 2020 was 118.83%, a 1.46% decline from 2019.
- Latvia trade to gdp ratio for 2019 was 120.29%, a 3.29% decline from 2018.
- Latvia trade to gdp ratio for 2018 was 123.58%, a 0.23% decline from 2017.
| Similar Country Ranking | |
|---|---|
| Country Name | Trade (% of GDP) |
| Hong Kong | 402.22% |
| Luxembourg | 388.12% |
| Singapore | 338.31% |
| Malta | 287.67% |
| Ireland | 229.45% |
| Slovak Republic | 187.83% |
| Belgium | 172.67% |
| Cyprus | 170.31% |
| Macao | 163.90% |
| Hungary | 162.79% |
| Slovenia | 160.92% |
| Estonia | 156.96% |
| Lithuania | 156.47% |
| Netherlands | 155.70% |
| Seychelles | 152.74% |
| Brunei | 147.12% |
| Czech Republic | 142.50% |
| Aruba | 137.16% |
| Switzerland | 130.85% |
| Latvia | 130.37% |
| Poland | 112.45% |
| Denmark | 112.18% |
| Austria | 111.22% |
| Faroe Islands | 104.90% |
| Croatia | 104.03% |
| Puerto Rico | 96.67% |
| Oman | 93.92% |
| Qatar | 93.05% |
| Panama | 92.70% |
| Greece | 89.46% |
| Germany | 88.74% |
| Sweden | 86.69% |
| Portugal | 86.17% |
| South Korea | 80.49% |
| Finland | 78.60% |
| Iceland | 78.18% |
| Bermuda | 72.23% |
| Norway | 70.89% |
| Barbados | 70.85% |
| Bahamas | 69.63% |
| Spain | 68.38% |
| Chile | 64.43% |
| Italy | 62.98% |
| Guam | 62.93% |
| Canada | 61.37% |
| France | 60.84% |
| Saudi Arabia | 59.12% |
| Uruguay | 56.81% |
| United Kingdom | 56.67% |
| Israel | 54.96% |
| New Zealand | 49.10% |
| Australia | 39.87% |
| Japan | 37.38% |
| Argentina | 32.98% |
| United States | 25.48% |
| Latvia Trade to GDP Ratio - Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2021 | 130.37% | 11.53% |
| 2020 | 118.83% | -1.46% |
| 2019 | 120.29% | -3.29% |
| 2018 | 123.58% | -0.23% |
| 2017 | 123.81% | 4.94% |
| 2016 | 118.86% | -3.39% |
| 2015 | 122.25% | -2.98% |
| 2014 | 125.23% | 0.07% |
| 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% |
