Merchandise exports by the reporting economy (current US$), per unit in Latvia
Latvia: Merchandise exports by the reporting economy (current US$), per unit was 0.5274 current US$ per US$ of GDP in 2023. ▲ Rising
Merchandise exports by the reporting economy (current US$), per unit in Latvia, 1995–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for merchandise exports by the reporting economy (current us$), per unit in Latvia is 0.5274 current US$ per US$ of GDP, measured in 2023.
That represents a change of down 16.6% on the previous year and up 7.3% over ten years.
Over the whole period, merchandise exports by the reporting economy (current us$), per unit in Latvia peaked at 0.6321 current US$ per US$ of GDP in 2022 and was at its lowest, 0.2268 current US$ per US$ of GDP, in 1995.
Latvia ranks 25th of 202 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Merchandise exports by the reporting economy (current US$), per unit in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.2268 current US$ per US$ of GDP | — |
| 1996 | 0.2426 current US$ per US$ of GDP | +7.0% |
| 1997 | 0.2627 current US$ per US$ of GDP | +8.3% |
| 1998 | 0.2597 current US$ per US$ of GDP | -1.2% |
| 1999 | 0.2348 current US$ per US$ of GDP | -9.6% |
| 2000 | 0.2394 current US$ per US$ of GDP | +1.9% |
| 2001 | 0.2433 current US$ per US$ of GDP | +1.6% |
| 2002 | 0.2461 current US$ per US$ of GDP | +1.1% |
| 2003 | 0.2567 current US$ per US$ of GDP | +4.3% |
| 2004 | 0.2802 current US$ per US$ of GDP | +9.2% |
| 2005 | 0.3144 current US$ per US$ of GDP | +12.2% |
| 2006 | 0.3005 current US$ per US$ of GDP | -4.4% |
| 2007 | 0.2815 current US$ per US$ of GDP | -6.3% |
| 2008 | 0.2946 current US$ per US$ of GDP | +4.7% |
| 2009 | 0.299 current US$ per US$ of GDP | +1.5% |
| 2010 | 0.4042 current US$ per US$ of GDP | +35.2% |
| 2011 | 0.4893 current US$ per US$ of GDP | +21.1% |
| 2012 | 0.5153 current US$ per US$ of GDP | +5.3% |
| 2013 | 0.4916 current US$ per US$ of GDP | -4.6% |
| 2014 | 0.4831 current US$ per US$ of GDP | -1.7% |
| 2015 | 0.4646 current US$ per US$ of GDP | -3.8% |
| 2016 | 0.4515 current US$ per US$ of GDP | -2.8% |
| 2017 | 0.4784 current US$ per US$ of GDP | +5.9% |
| 2018 | 0.4838 current US$ per US$ of GDP | +1.1% |
| 2019 | 0.4724 current US$ per US$ of GDP | -2.4% |
| 2020 | 0.4885 current US$ per US$ of GDP | +3.4% |
| 2021 | 0.5444 current US$ per US$ of GDP | +11.5% |
| 2022 | 0.6321 current US$ per US$ of GDP | +16.1% |
| 2023 | 0.5274 current US$ per US$ of GDP | -16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2453 current US$ per US$ of GDP | 0.2268 current US$ per US$ of GDP | 0.2627 current US$ per US$ of GDP | 5 |
| 2000s | 0.2756 current US$ per US$ of GDP | 0.2394 current US$ per US$ of GDP | 0.3144 current US$ per US$ of GDP | 10 |
| 2010s | 0.4734 current US$ per US$ of GDP | 0.4042 current US$ per US$ of GDP | 0.5153 current US$ per US$ of GDP | 10 |
| 2020s | 0.5481 current US$ per US$ of GDP | 0.4885 current US$ per US$ of GDP | 0.6321 current US$ per US$ of GDP | 4 |
Countries ranked near Latvia
- 22 Thailand 0.5422 current US$ per US$ of GDP compare
- 23 Lithuania 0.5323 current US$ per US$ of GDP compare
- 24 Micronesia, Federated States of 0.5296 current US$ per US$ of GDP compare
- 26 Lao People's Democratic Republic 0.5224 current US$ per US$ of GDP compare
- 27 Congo 0.5211 current US$ per US$ of GDP compare
- 28 Cambodia 0.5207 current US$ per US$ of GDP compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 54.2% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.455 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy (current us$), per unit in Latvia?
- Merchandise exports by the reporting economy (current us$), per unit in Latvia was 0.5274 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest merchandise exports by the reporting economy (current us$), per unit recorded in Latvia?
- The highest recorded value was 0.6321 current US$ per US$ of GDP in 2022.
- What is the lowest merchandise exports by the reporting economy (current us$), per unit recorded in Latvia?
- The lowest recorded value was 0.2268 current US$ per US$ of GDP in 1995.
- How does Latvia rank for merchandise exports by the reporting economy (current us$), per unit?
- Latvia ranks 25th out of 202 countries with data for 2023.
- Is merchandise exports by the reporting economy (current us$), per unit rising or falling in Latvia?
- Over the last ten years it is up 7.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Merchandise exports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise exports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise exports by the reporting economy (current US$) ÷ GDP (current US$)
Computed from
- Merchandise exports by the reporting economy Staff estimates, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise exports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.