IBRD only vs Latvia: Merchandise trade
Merchandise trade over time
- IBRD only
- Latvia
How they compare
Latvia currently reports 99.6% against 42.3% in IBRD only, a difference of 57.3%.
That makes Latvia's figure about 2.4 times IBRD only's.
Across all 31 years both countries report, Latvia has been ahead every year.
IBRD only ranks 30th and Latvia ranks 27th of 45 groups.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | IBRD only | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 36.7% | 65.1% | 28.4% | Latvia |
| 2000s | 48.8% | 75.1% | 26.3% | Latvia |
| 2010s | 43.7% | 105.5% | 61.8% | Latvia |
| 2020s | 42.7% | 112.9% | 70.2% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade, IBRD only or Latvia?
- Latvia, at 99.6% against 42.3% in IBRD only as of 2025.
- What is the difference in merchandise trade between IBRD only and Latvia?
- 57.3%, with Latvia ahead.
- How many years of comparable data are there for IBRD only and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do IBRD only and Latvia rank globally for merchandise trade?
- IBRD only ranks 30th and Latvia ranks 27th of 45 groups.
- Where does this data come from?
- World Trade Organization (WTO), published as Merchandise trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.