Latin America & Caribbean vs Latvia: Merchandise imports by the reporting economy (current US$), per unit

Latin America & Caribbean
0.2072 current US$ per US$ of GDP
in 2023
Latvia
0.6391 current US$ per US$ of GDP
in 2023
Latin America & Caribbean rank
29th
Latvia rank
28th

Merchandise imports by the reporting economy (current US$), per unit over time

  • Latin America & Caribbean
  • Latvia
00.20.40.60.8196019912023

How they compare

Latvia currently reports 0.6391 current US$ per US$ of GDP against 0.2072 current US$ per US$ of GDP in Latin America & Caribbean, a difference of 0.4319 current US$ per US$ of GDP.

That makes Latvia's figure about 3.1 times Latin America & Caribbean's.

Across all 29 years both countries report, Latvia has been ahead every year.

Latin America & Caribbean ranks 29th and Latvia ranks 28th of 44 groups.

Latvia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Latin America & Caribbean Latvia Difference Ahead
1990s 0.1396 current US$ per US$ of GDP 0.3994 current US$ per US$ of GDP 0.2598 current US$ per US$ of GDP Latvia
2000s 0.1743 current US$ per US$ of GDP 0.4707 current US$ per US$ of GDP 0.2964 current US$ per US$ of GDP Latvia
2010s 0.1829 current US$ per US$ of GDP 0.5787 current US$ per US$ of GDP 0.3959 current US$ per US$ of GDP Latvia
2020s 0.2215 current US$ per US$ of GDP 0.6518 current US$ per US$ of GDP 0.4303 current US$ per US$ of GDP Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise imports by the reporting economy (current us$), per unit, Latin America & Caribbean or Latvia?
Latvia, at 0.6391 current US$ per US$ of GDP against 0.2072 current US$ per US$ of GDP in Latin America & Caribbean as of 2023.
What is the difference in merchandise imports by the reporting economy (current us$), per unit between Latin America & Caribbean and Latvia?
0.4319 current US$ per US$ of GDP, with Latvia ahead.
How many years of comparable data are there for Latin America & Caribbean and Latvia?
29 years are reported by both, from 1995 to 2023.
How do Latin America & Caribbean and Latvia rank globally for merchandise imports by the reporting economy (current us$), per unit?
Latin America & Caribbean ranks 29th and Latvia ranks 28th of 44 groups.
Where does this data come from?
Statizoid (derived), published as Merchandise imports by the reporting economy (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latin America & Caribbean vs Latvia: Merchandise imports by the reporting economy (current US$), per unit. Statizoid, drawing on Statizoid (derived). Retrieved 16 September 2026, from https://private-sector.statizoid.com/compare/merchandise-imports-by-the-reporting-economy-current-us-per-unit-of-gdp/latin-america-and-caribbean/latvia/

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About this data

Indicator
Merchandise imports by the reporting economy (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
249 places, 12,916 data points, 1960–2023
Last refreshed

Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.