Latvia Trade to GDP Ratio 1995-2024
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 2023 was 131.97%, a 18.4% decline from 2022.
- Latvia trade to gdp ratio for 2022 was 150.37%, a 18.04% increase from 2021.
- Latvia trade to gdp ratio for 2021 was 132.33%, a 12.14% increase from 2020.
- Latvia trade to gdp ratio for 2020 was 120.20%, a 0.55% decline from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Trade (% of GDP) |
| Luxembourg | 394.22% |
| Hong Kong | 351.59% |
| Malta | 314.00% |
| Singapore | 311.24% |
| Ireland | 234.75% |
| Seychelles | 183.07% |
| Slovak Republic | 181.53% |
| Cyprus | 179.62% |
| Belgium | 174.30% |
| Slovenia | 161.33% |
| Netherlands | 158.82% |
| Hungary | 157.30% |
| Estonia | 156.16% |
| Lithuania | 153.15% |
| Macao | 142.00% |
| Czech Republic | 138.92% |
| Switzerland | 138.22% |
| Brunei | 136.56% |
| Latvia | 131.97% |
| Denmark | 128.45% |
| Austria | 116.12% |
| Croatia | 109.92% |
| Poland | 109.54% |
| Sweden | 103.57% |
| Puerto Rico | 101.73% |
| Greece | 94.66% |
| Portugal | 94.05% |
| Germany | 90.11% |
| South Korea | 87.94% |
| Iceland | 86.79% |
| Bahamas | 82.70% |
| Finland | 82.35% |
| Norway | 79.65% |
| Spain | 73.79% |
| Italy | 68.73% |
| France | 67.58% |
| Canada | 67.46% |
| United Kingdom | 65.59% |
| Saudi Arabia | 62.13% |
| Chile | 60.97% |
| Israel | 58.00% |
| Uruguay | 51.73% |
| Australia | 48.08% |
| Argentina | 26.97% |
| Latvia Trade to GDP Ratio - Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2023 | 131.97% | -18.40% |
| 2022 | 150.37% | 18.04% |
| 2021 | 132.33% | 12.14% |
| 2020 | 120.20% | -0.55% |
| 2019 | 120.74% | -2.88% |
| 2018 | 123.62% | -0.23% |
| 2017 | 123.85% | 4.94% |
| 2016 | 118.91% | -3.39% |
| 2015 | 122.30% | -2.98% |
| 2014 | 125.28% | 0.12% |
| 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% |