Merchandise imports (current US$), per unit of GDP in Latvia
Latvia: Merchandise imports (current US$), per unit of GDP was 0.5406 current US$ per US$ of GDP in 2025. ▲ Rising
Merchandise imports (current US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
The most recent figure for merchandise imports (current us$), per unit of gdp in Latvia is 0.5406 current US$ per US$ of GDP, measured in 2025.
That represents a change of up 0.3% on the previous year and down 3.2% over ten years.
Over the whole period, merchandise imports (current us$), per unit of gdp in Latvia peaked at 0.7579 current US$ per US$ of GDP in 2022 and was at its lowest, 0.3242 current US$ per US$ of GDP, in 1995.
That places Latvia 31st out of 203 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Merchandise imports (current US$), per unit of GDP in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3242 current US$ per US$ of GDP | — |
| 1996 | 0.4 current US$ per US$ of GDP | +23.4% |
| 1997 | 0.4285 current US$ per US$ of GDP | +7.1% |
| 1998 | 0.4575 current US$ per US$ of GDP | +6.8% |
| 1999 | 0.4033 current US$ per US$ of GDP | -11.9% |
| 2000 | 0.4126 current US$ per US$ of GDP | +2.3% |
| 2001 | 0.428 current US$ per US$ of GDP | +3.8% |
| 2002 | 0.4375 current US$ per US$ of GDP | +2.2% |
| 2003 | 0.4655 current US$ per US$ of GDP | +6.4% |
| 2004 | 0.5132 current US$ per US$ of GDP | +10.3% |
| 2005 | 0.5333 current US$ per US$ of GDP | +3.9% |
| 2006 | 0.5648 current US$ per US$ of GDP | +5.9% |
| 2007 | 0.5208 current US$ per US$ of GDP | -7.8% |
| 2008 | 0.4729 current US$ per US$ of GDP | -9.2% |
| 2009 | 0.3819 current US$ per US$ of GDP | -19.3% |
| 2010 | 0.4982 current US$ per US$ of GDP | +30.5% |
| 2011 | 0.613 current US$ per US$ of GDP | +23.0% |
| 2012 | 0.6353 current US$ per US$ of GDP | +3.6% |
| 2013 | 0.6128 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 | 0.5323 current US$ per US$ of GDP | -4.7% |
| 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 | 0.7579 current US$ per US$ of GDP | +18.4% |
| 2023 | 0.6222 current US$ per US$ of GDP | -17.9% |
| 2024 | 0.539 current US$ per US$ of GDP | -13.4% |
| 2025 | 0.5406 current US$ per US$ of GDP | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4027 current US$ per US$ of GDP | 0.3242 current US$ per US$ of GDP | 0.4575 current US$ per US$ of GDP | 5 |
| 2000s | 0.473 current US$ per US$ of GDP | 0.3819 current US$ per US$ of GDP | 0.5648 current US$ per US$ of GDP | 10 |
| 2010s | 0.5788 current US$ per US$ of GDP | 0.4982 current US$ per US$ of GDP | 0.6353 current US$ per US$ of GDP | 10 |
| 2020s | 0.6087 current US$ per US$ of GDP | 0.539 current US$ per US$ of GDP | 0.7579 current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 28 Nicaragua 0.5591 current US$ per US$ of GDP compare
- 29 Namibia 0.5587 current US$ per US$ of GDP compare
- 30 Montenegro 0.5477 current US$ per US$ of GDP compare
- 32 Estonia 0.5379 current US$ per US$ of GDP compare
- 33 Republic of Moldova 0.5367 current US$ per US$ of GDP compare
- 34 Bosnia and Herzegovina 0.5315 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$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports (current us$), per unit of gdp in Latvia?
- Merchandise imports (current us$), per unit of gdp in Latvia was 0.5406 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest merchandise imports (current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.7579 current US$ per US$ of GDP in 2022.
- What is the lowest merchandise imports (current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.3242 current US$ per US$ of GDP in 1995.
- How does Latvia rank for merchandise imports (current us$), per unit of gdp?
- Latvia ranks 31st out of 203 countries with data for 2025.
- Is merchandise imports (current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 3.2%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise imports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports (current US$) ÷ GDP (current US$)
Computed from
- Merchandise imports World Trade Organization (WTO)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.