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 2022 was 146.50%, a 15.71% increase from 2021.
  • Latvia trade to gdp ratio for 2021 was 130.79%, a 11.96% 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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 384.48%
Hong Kong 383.79%
Singapore 336.86%
Malta 324.63%
Ireland 236.57%
Seychelles 233.07%
Slovak Republic 203.89%
Belgium 193.07%
Hungary 184.85%
Cyprus 183.42%
Macao 183.09%
Slovenia 179.13%
Lithuania 177.10%
Netherlands 175.85%
Estonia 171.57%
Czech Republic 149.78%
Brunei 146.97%
Latvia 146.50%
Switzerland 137.67%
Denmark 128.00%
Croatia 125.92%
Poland 122.32%
Austria 120.13%
Greece 106.92%
Sweden 102.75%
Portugal 102.64%
Germany 98.62%
Puerto Rico 98.11%
South Korea 96.78%
Iceland 93.36%
Finland 92.54%
Norway 83.00%
Spain 81.69%
Bahamas 80.20%
Bermuda 78.29%
Italy 75.84%
Chile 75.02%
France 72.14%
United Kingdom 68.92%
Canada 67.26%
Saudi Arabia 63.13%
Israel 60.53%
Uruguay 57.19%
Australia 45.75%
Argentina 32.08%
Latvia Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2022 146.50% 15.71%
2021 130.79% 11.96%
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%