Merchandise exports to low- and middle-income economies in in Latvia
Latvia: Merchandise exports to low- and middle-income economies in was 2.4% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in in Latvia, 1992–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies in in Latvia stood at 2.4%. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 569.3% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in in Latvia peaked at 2.4% in 2023 and was at its lowest, 0.1%, in 1997.
That places Latvia 70th out of 204 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in in Latvia, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1992 | 0.1% | — |
| 1993 | 0.9% | +792.3% |
| 1994 | 0.6% | -36.9% |
| 1995 | 0.1% | -83.2% |
| 1996 | 0.1% | -2.1% |
| 1997 | 0.1% | -36.4% |
| 1998 | 0.1% | +77.3% |
| 1999 | 0.2% | +112.1% |
| 2000 | 1.0% | +379.8% |
| 2001 | 0.3% | -71.1% |
| 2002 | 0.1% | -70.9% |
| 2003 | 0.2% | +137.5% |
| 2004 | 0.2% | -26.5% |
| 2005 | 0.3% | +88.3% |
| 2006 | 0.2% | -25.5% |
| 2007 | 0.2% | -20.2% |
| 2008 | 0.1% | -15.0% |
| 2009 | 0.7% | +362.2% |
| 2010 | 0.4% | -37.4% |
| 2011 | 0.3% | -37.0% |
| 2012 | 0.2% | -27.6% |
| 2013 | 0.4% | +88.5% |
| 2014 | 0.6% | +69.7% |
| 2015 | 0.7% | +12.1% |
| 2016 | 0.8% | +13.2% |
| 2017 | 1.1% | +45.4% |
| 2018 | 0.7% | -39.2% |
| 2019 | 1.5% | +122.6% |
| 2020 | 2.2% | +43.1% |
| 2021 | 2.2% | +0.8% |
| 2022 | 2.2% | -0.6% |
| 2023 | 2.4% | +10.1% |
Latvia compared with similar countries
- Latvia's 2.4% is above the median for high income countries, which is 0.9%, 2.7× the median. (74 countries reporting)
- Latvia's 2.4% is above the median for Europe & Central Asia, which is 0.7%, 3.4× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +792.3% | 0.1% | 0.9% |
| 2000 | +379.8% | 0.2% | 1.0% |
| 2009 | +362.2% | 0.1% | 0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3% | 0.1% | 0.9% | 8 |
| 2000s | 0.3% | 0.1% | 1.0% | 10 |
| 2010s | 0.7% | 0.2% | 1.5% | 10 |
| 2020s | 2.3% | 2.2% | 2.4% | 4 |
Countries ranked near Latvia
- 67 Saudi Arabia 2.6% compare
- 68 Belgium 2.6% compare
- 69 Gambia 2.5% compare
- 71 Seychelles 2.4% compare
- 72 Solomon Islands 2.1% compare
- 73 Guinea-Bissau 2.0% 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 to low- and middle-income economies in in Latvia?
- Merchandise exports to low- and middle-income economies in in Latvia was 2.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in recorded in Latvia?
- The highest recorded value was 2.4% in 2023.
- What is the lowest merchandise exports to low- and middle-income economies in recorded in Latvia?
- The lowest recorded value was 0.1% in 1997.
- How does Latvia rank for merchandise exports to low- and middle-income economies in?
- Latvia ranks 70th out of 204 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in rising or falling in Latvia?
- Over the last ten years it is up 569.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.