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 2020 was 119.40%, a 1.87% decline from 2019.
  • Latvia trade to gdp ratio for 2019 was 121.26%, a 2.36% 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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 390.33%
Hong Kong 351.66%
Singapore 320.56%
Malta 271.55%
Ireland 225.31%
Seychelles 188.58%
Slovak Republic 170.61%
Belgium 160.71%
Hungary 157.17%
Slovenia 147.54%
Netherlands 147.14%
Cyprus 141.52%
Estonia 139.50%
Lithuania 138.50%
Czech Republic 136.09%
Macao 126.68%
Latvia 119.40%
Switzerland 116.02%
Brunei 110.20%
Poland 104.50%
Denmark 102.20%
Austria 101.47%
Croatia 90.55%
Antigua and Barbuda 88.63%
Sweden 84.08%
Germany 81.81%
Portugal 75.37%
Finland 71.34%
Greece 71.33%
South Korea 70.08%
Iceland 68.80%
Norway 65.30%
Canada 59.97%
Spain 59.77%
France 58.30%
Chile 57.84%
Italy 55.32%
United Kingdom 55.09%
Israel 52.31%
Saudi Arabia 50.60%
Uruguay 46.37%
Australia 43.98%
Argentina 30.50%
Latvia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2020 119.40% -1.87%
2019 121.26% -2.36%
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%