Latvia Trade to GDP Ratio 1995-2021

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 2019 was 121.09%, a 2.53% decline from 2018.
  • Latvia trade to gdp ratio for 2018 was 123.62%, a 0.28% decline from 2017.
  • Latvia trade to gdp ratio for 2017 was 123.90%, a 5.01% increase from 2016.
  • Latvia trade to gdp ratio for 2016 was 118.89%, a 3.39% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 381.52%
Hong Kong 353.23%
Singapore 319.15%
Malta 273.72%
Ireland 239.22%
Slovak Republic 184.48%
Seychelles 172.26%
Belgium 163.06%
Hungary 161.26%
UAE 160.94%
Slovenia 159.03%
Netherlands 156.22%
Lithuania 149.69%
Cyprus 144.82%
Czech Republic 142.76%
Estonia 141.81%
Latvia 121.09%
Switzerland 119.44%
Macao 116.94%
Denmark 109.29%
Brunei 108.51%
Austria 107.78%
Oman 106.75%
Poland 106.36%
Croatia 104.17%
Sweden 90.48%
Qatar 90.32%
Germany 87.99%
Portugal 86.78%
Iceland 85.92%
Barbados 83.69%
Panama 83.21%
Finland 80.04%
South Korea 77.00%
Bahamas 75.92%
Bermuda 75.86%
Greece 74.38%
Norway 72.15%
Spain 66.78%
Canada 64.98%
France 64.52%
United Kingdom 64.29%
Saudi Arabia 63.66%
Italy 59.96%
Israel 56.77%
Chile 56.76%
Australia 45.71%
Uruguay 41.03%
Argentina 32.63%
United States 26.31%
Latvia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2019 121.09% -2.53%
2018 123.62% -0.28%
2017 123.90% 5.01%
2016 118.89% -3.39%
2015 122.28% -2.99%
2014 125.27% 1.07%
2013 124.20% -3.32%
2012 127.53% 6.02%
2011 121.51% 12.51%
2010 109.00% 22.28%
2009 86.72% -4.71%
2008 91.43% -4.30%
2007 95.73% -4.65%
2006 100.38% -0.12%
2005 100.50% 7.14%
2004 93.35% 8.58%
2003 84.77% 1.46%
2002 83.31% -3.17%
2001 86.48% 4.85%
2000 81.63% 1.68%
1999 79.95% -10.69%
1998 90.64% 2.12%
1997 88.53% -1.40%
1996 89.93% 16.02%
1995 73.91% 16.02%