Latvia: Merchandise exports to high-income economies (% of total merchandise exports)
In , Latvia's Merchandise exports to high-income economies (% of total merchandise exports) was 85.91.
That's down 3.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Latvia ranks #37 globally out of 205 reporting countries. Within Europe & Central Asia, it ranks #20 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
- 2004 · EU enlargement (10 new members)
Highlights
- Peak
- 94.09
- Trough
- 85.91
- 1-year change
- -3.1%
- 5-year change
- -4.8%
- -1.0% / yr
- 10-year change
- -3.5%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 85.9079 | |
| 88.6585 | |
| 89.6398 | |
| 87.9739 | |
| 89.3103 | |
| 90.2802 | |
| 89.2245 | |
| 89.4584 | |
| 88.5853 | |
| 89.3059 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Latvia's Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Latvia's Merchandise exports to high-income economies (% of total merchandise exports) was 85.91, according to World Bank Open Data.
- Is Latvia's Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Latvia's Merchandise exports to high-income economies (% of total merchandise exports) fell 3.1% from 2022 to 2023.
- How does Latvia rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Latvia ranked #37 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Latvia's Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Latvia is above the world average. Within Europe & Central Asia, it ranks #20 of 53.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.