Merchandise imports by the reporting economy (current US$), per unit in Latvia
Latvia: Merchandise imports by the reporting economy (current US$), per unit was 0.6391 current US$ per US$ of GDP in 2023. ▲ Rising
Merchandise imports by the reporting economy (current US$), per unit in Latvia, 1995–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), per unit in Latvia stood at 0.6391 current US$ per US$ of GDP.
That represents a change of down 17.6% on the previous year and up 4.3% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Latvia peaked at 0.7754 current US$ per US$ of GDP in 2022 and was at its lowest, 0.3183 current US$ per US$ of GDP, in 1995.
That places Latvia 28th out of 202 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Merchandise imports by the reporting economy (current US$), per unit in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3183 current US$ per US$ of GDP | — |
| 1996 | 0.3913 current US$ per US$ of GDP | +22.9% |
| 1997 | 0.428 current US$ per US$ of GDP | +9.4% |
| 1998 | 0.4574 current US$ per US$ of GDP | +6.9% |
| 1999 | 0.4022 current US$ per US$ of GDP | -12.1% |
| 2000 | 0.4084 current US$ per US$ of GDP | +1.5% |
| 2001 | 0.4237 current US$ per US$ of GDP | +3.7% |
| 2002 | 0.4351 current US$ per US$ of GDP | +2.7% |
| 2003 | 0.4645 current US$ per US$ of GDP | +6.8% |
| 2004 | 0.4999 current US$ per US$ of GDP | +7.6% |
| 2005 | 0.531 current US$ per US$ of GDP | +6.2% |
| 2006 | 0.5666 current US$ per US$ of GDP | +6.7% |
| 2007 | 0.5215 current US$ per US$ of GDP | -8.0% |
| 2008 | 0.4741 current US$ per US$ of GDP | -9.1% |
| 2009 | 0.3818 current US$ per US$ of GDP | -19.5% |
| 2010 | 0.4976 current US$ per US$ of GDP | +30.3% |
| 2011 | 0.613 current US$ per US$ of GDP | +23.2% |
| 2012 | 0.6353 current US$ per US$ of GDP | +3.6% |
| 2013 | 0.613 current US$ per US$ of GDP | -3.5% |
| 2014 | 0.5933 current US$ per US$ of GDP | -3.2% |
| 2015 | 0.5587 current US$ per US$ of GDP | -5.8% |
| 2016 | 0.5321 current US$ per US$ of GDP | -4.8% |
| 2017 | 0.5795 current US$ per US$ of GDP | +8.9% |
| 2018 | 0.5919 current US$ per US$ of GDP | +2.1% |
| 2019 | 0.5728 current US$ per US$ of GDP | -3.2% |
| 2020 | 0.5525 current US$ per US$ of GDP | -3.5% |
| 2021 | 0.6402 current US$ per US$ of GDP | +15.9% |
| 2022 | 0.7754 current US$ per US$ of GDP | +21.1% |
| 2023 | 0.6391 current US$ per US$ of GDP | -17.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3994 current US$ per US$ of GDP | 0.3183 current US$ per US$ of GDP | 0.4574 current US$ per US$ of GDP | 5 |
| 2000s | 0.4707 current US$ per US$ of GDP | 0.3818 current US$ per US$ of GDP | 0.5666 current US$ per US$ of GDP | 10 |
| 2010s | 0.5787 current US$ per US$ of GDP | 0.4976 current US$ per US$ of GDP | 0.6353 current US$ per US$ of GDP | 10 |
| 2020s | 0.6518 current US$ per US$ of GDP | 0.5525 current US$ per US$ of GDP | 0.7754 current US$ per US$ of GDP | 4 |
Countries ranked near Latvia
- 25 Seychelles 0.6745 current US$ per US$ of GDP compare
- 26 Malaysia 0.6664 current US$ per US$ of GDP compare
- 27 Czechia 0.6649 current US$ per US$ of GDP compare
- 29 Kosovo 0.6163 current US$ per US$ of GDP compare
- 30 Lithuania 0.602 current US$ per US$ of GDP compare
- 31 Tajikistan 0.5765 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$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), per unit in Latvia?
- Merchandise imports by the reporting economy (current us$), per unit in Latvia was 0.6391 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Latvia?
- The highest recorded value was 0.7754 current US$ per US$ of GDP in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Latvia?
- The lowest recorded value was 0.3183 current US$ per US$ of GDP in 1995.
- How does Latvia rank for merchandise imports by the reporting economy (current us$), per unit?
- Latvia ranks 28th out of 202 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Latvia?
- Over the last ten years it is up 4.3%. 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 imports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports by the reporting economy (current US$) ÷ GDP (current US$)
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.