Merchandise imports by the reporting economy (current US$) … annual in Latvia
Latvia: Merchandise imports by the reporting economy (current US$) … annual was -7.22 % change on previous year in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), annual in Latvia, 1993–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded -7.22 % change on previous year for merchandise imports by the reporting economy (current us$), annual in 2023.
That represents a change of down 135.2% on the previous year and down 293.8% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), annual in Latvia peaked at 43.22 % change on previous year in 1995 and was at its lowest, -39.39 % change on previous year, in 2009.
That places Latvia 154th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) … annual in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1993 | 10.98 % change on previous year | — |
| 1994 | 41.1 % change on previous year | +274.4% |
| 1995 | 43.22 % change on previous year | +5.2% |
| 1996 | 27.14 % change on previous year | -37.2% |
| 1997 | 19.74 % change on previous year | -27.2% |
| 1998 | 17.37 % change on previous year | -12.0% |
| 1999 | -7.66 % change on previous year | -144.1% |
| 2000 | 7.61 % change on previous year | -199.3% |
| 2001 | 9.49 % change on previous year | +24.8% |
| 2002 | 15.96 % change on previous year | +68.1% |
| 2003 | 29.79 % change on previous year | +86.6% |
| 2004 | 32.33 % change on previous year | +8.5% |
| 2005 | 25.29 % change on previous year | -21.8% |
| 2006 | 33.71 % change on previous year | +33.3% |
| 2007 | 32.51 % change on previous year | -3.6% |
| 2008 | 5.49 % change on previous year | -83.1% |
| 2009 | -39.39 % change on previous year | -817.8% |
| 2010 | 19.04 % change on previous year | -148.3% |
| 2011 | 39.51 % change on previous year | +107.5% |
| 2012 | 5.74 % change on previous year | -85.5% |
| 2013 | 3.73 % change on previous year | -35.1% |
| 2014 | 0.5294 % change on previous year | -85.8% |
| 2015 | -18.06 % change on previous year | -3511.8% |
| 2016 | -1.97 % change on previous year | -89.1% |
| 2017 | 18.05 % change on previous year | -1014.3% |
| 2018 | 15.54 % change on previous year | -13.9% |
| 2019 | -3.67 % change on previous year | -123.6% |
| 2020 | -2.73 % change on previous year | -25.7% |
| 2021 | 32.56 % change on previous year | -1294.1% |
| 2022 | 20.55 % change on previous year | -36.9% |
| 2023 | -7.22 % change on previous year | -135.2% |
Latvia compared with similar countries
- Latvia's -7.22 % change on previous year is below the median for high income countries, which is -2.99 % change on previous year, 2.4× the median. (74 countries reporting)
- Latvia's -7.22 % change on previous year is below the median for Europe & Central Asia, which is -2.31 % change on previous year, 3.1× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy (current US$) … annual in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -3511.8% | 0.5294 % change on previous year | -18.06 % change on previous year |
| 2021 | +1294.1% | -2.73 % change on previous year | 32.56 % change on previous year |
| 2017 | +1014.3% | -1.97 % change on previous year | 18.05 % change on previous year |
| 2009 | -817.8% | 5.49 % change on previous year | -39.39 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.7 % change on previous year | -7.66 % change on previous year | 43.22 % change on previous year | 7 |
| 2000s | 15.28 % change on previous year | -39.39 % change on previous year | 33.71 % change on previous year | 10 |
| 2010s | 7.84 % change on previous year | -18.06 % change on previous year | 39.51 % change on previous year | 10 |
| 2020s | 10.79 % change on previous year | -7.22 % change on previous year | 32.56 % change on previous year | 4 |
Countries ranked near Latvia
- 151 Haiti -6.83 % change on previous year compare
- 152 Lebanon -6.94 % change on previous year compare
- 153 Egypt -6.96 % change on previous year compare
- 155 Panama -7.24 % change on previous year compare
- 156 Germany -7.34 % change on previous year compare
- 157 Bulgaria -7.45 % change on previous year compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 18.1% (2025)
- Manufactures imports 63.4% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Commercial service imports 7.26 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 55.5% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Commercial service exports 9.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), annual in Latvia?
- Merchandise imports by the reporting economy (current us$), annual in Latvia was -7.22 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), annual recorded in Latvia?
- The highest recorded value was 43.22 % change on previous year in 1995.
- What is the lowest merchandise imports by the reporting economy (current us$), annual recorded in Latvia?
- The lowest recorded value was -39.39 % change on previous year in 2009.
- How does Latvia rank for merchandise imports by the reporting economy (current us$), annual?
- Latvia ranks 154th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), annual rising or falling in Latvia?
- Over the last ten years it is down 293.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
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
The year-on-year percentage change in Merchandise imports by the reporting economy (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.