Latvia: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 5.58.
That's up 2.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 22.36 . Latvia ranks #172 globally out of 204 reporting countries. Within Europe & Central Asia, it ranks #50 of 53.
Source: World Bank Open Data (TM.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
- 5.95
- Trough
- 1.91
- 1-year change
- +2.7%
- 5-year change
- +17.7%
- +3.3% / yr
- 10-year change
- +22.1%
- +2.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 5.5826 | |
| 5.4346 | |
| 5.9525 | |
| 5.9005 | |
| 4.9132 | |
| 4.7444 | |
| 4.6845 | |
| 4.7112 | |
| 4.7291 | |
| 3.9885 |
About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports 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: TM.VAL.MRCH.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 5.58, according to World Bank Open Data.
- Is Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rose 2.7% from 2022 to 2023.
- How does Latvia rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, Latvia ranked #172 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does Latvia's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so Latvia is below the world average. Within Europe & Central Asia, it ranks #50 of 53.
- What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 imports 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 (TM.VAL.MRCH.OR.ZS), CC BY 4.0.