Latvia - Merchandise trade

Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in Latvia was 102.54 as of 2020. Its highest value over the past 25 years was 111.25 in 2012, while its lowest value was 53.95 in 1995.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1995 53.95
1996 62.98
1997 67.30
1998 69.80
1999 62.08
2000 63.70
2001 65.85
2002 66.24
2003 69.04
2004 76.93
2005 81.50
2006 82.04
2007 76.09
2008 73.32
2009 66.31
2010 88.59
2011 107.08
2012 111.25
2013 107.04
2014 104.12
2015 99.05
2016 95.17
2017 102.21
2018 104.12
2019 101.04
2020 102.54

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade