Latvia Trade to GDP Ratio 1960-2024

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 2022 was 148.50%, a 16.17% 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.
  • Latvia trade to gdp ratio for 2019 was 120.74%, a 2.88% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 388.51%
Hong Kong 383.79%
Singapore 336.86%
Malta 317.75%
Ireland 234.27%
Seychelles 233.07%
Slovak Republic 204.12%
Belgium 193.09%
Cyprus 189.76%
Hungary 186.72%
Slovenia 186.03%
Macao 177.93%
Netherlands 176.71%
Lithuania 175.70%
Estonia 171.57%
Aruba 160.46%
Czech Republic 151.92%
Latvia 148.50%
Brunei 146.97%
Switzerland 140.17%
Denmark 128.93%
Faroe Islands 124.91%
Croatia 124.52%
Poland 123.93%
Austria 123.69%
Antigua and Barbuda 117.63%
Greece 108.00%
Sweden 102.92%
Portugal 101.61%
Qatar 99.98%
Germany 99.88%
Puerto Rico 98.11%
South Korea 96.54%
Iceland 93.57%
Finland 93.07%
Norway 82.61%
Spain 80.54%
Bahamas 80.20%
Barbados 78.35%
Bermuda 78.33%
Chile 75.02%
Italy 74.78%
France 73.25%
United Kingdom 69.52%
Canada 67.56%
French Polynesia 67.23%
Saudi Arabia 63.51%
Israel 60.50%
Uruguay 57.19%
New Zealand 53.81%
Japan 46.84%
Australia 45.14%
Argentina 31.65%
United States 27.36%
Isle of Man 0.00%
Kuwait 0.00%
Palau 0.00%
San Marino 0.00%
Monaco 0.00%
Panama 0.00%
Trinidad and Tobago 0.00%
UAE 0.00%
Cayman Islands 0.00%
St. Kitts and Nevis 0.00%
St. Martin (French part) 0.00%
Oman 0.00%
Turks and Caicos Islands 0.00%
Andorra 0.00%
Curacao 0.00%
Bahrain 0.00%
Guam 0.00%
Sint Maarten (Dutch part) 0.00%
Channel Islands 0.00%
Greenland 0.00%
Virgin Islands (U.S.) 0.00%
New Caledonia 0.00%
British Virgin Islands 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Latvia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2022 148.50% 16.17%
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% 73.87%
1994 0.00% 0.00%
1993 0.00% 0.00%
1992 0.00% 0.00%
1991 0.00% 0.00%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%