What was Latvia's Exports of goods and services (% of GDP) in 2024?

In 2024, Latvia's Exports of goods and services (% of GDP) was 65.33, according to World Bank Open Data.

Is Latvia's Exports of goods and services (% of GDP) rising or falling?

Latvia's Exports of goods and services (% of GDP) fell 1.0% from 2023 to 2024.

How does Latvia rank globally on Exports of goods and services (% of GDP)?

In 2024, Latvia ranked #33 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Latvia's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Latvia is above the world average. Within Europe & Central Asia, it ranks #15 of 49.

Latvia: Exports of goods and services (% of GDP)

Name: Latvia: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Latvia's Exports of goods and services (% of GDP) was 65.33.

That's down 1.0% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 44.26 . Latvia ranks #33 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #15 of 49.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 77.50; 2022
Trough: 40.39; 2007
1-year change: -1.0%
5-year change: +4.5%; +0.9% / yr
10-year change: +2.8%; +0.3% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	65.3341
2023	65.9897
2022	77.5015
2021	66.8113
2020	62.6592
2019	62.5368
2018	63.8698
2017	64.1400
2016	61.9284
2015	62.5956

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Latvia's Exports of goods and services (% of GDP) in 2024?: In 2024, Latvia's Exports of goods and services (% of GDP) was 65.33, according to World Bank Open Data.
Is Latvia's Exports of goods and services (% of GDP) rising or falling?: Latvia's Exports of goods and services (% of GDP) fell 1.0% from 2023 to 2024.
How does Latvia rank globally on Exports of goods and services (% of GDP)?: In 2024, Latvia ranked #33 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Latvia's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Latvia is above the world average. Within Europe & Central Asia, it ranks #15 of 49.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.