Latvia: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 5.08.
That's up 6.2% from 2022, the highest value since .
The global average for this indicator in 2023 was 18.45 . Latvia ranks #140 globally out of 201 reporting countries. Within Europe & Central Asia, it ranks #35 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.OR.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
- 6.66
- Trough
- 1.47
- 1-year change
- +6.2%
- 5-year change
- +25.2%
- +4.6% / yr
- 10-year change
- +18.8%
- +1.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 5.0763 | |
| 4.7815 | |
| 4.9101 | |
| 6.0653 | |
| 4.5289 | |
| 4.0531 | |
| 4.4381 | |
| 4.5228 | |
| 5.0916 | |
| 4.3435 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 5.08, according to World Bank Open Data.
- Is Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 6.2% from 2022 to 2023.
- How does Latvia rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Latvia ranked #140 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Latvia's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Latvia is below the world average. Within Europe & Central Asia, it ranks #35 of 53.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS), CC BY 4.0.