Trade as a share of GDP in Latvia

Trade as a share of GDP in Latvia was 129.7% in 2025, according to the World Bank. That is down 1.6 pts from 2024. That is the 12th highest of 27 EU countries in 2025.

2025129.7%
Change on 2024-1.6 pts
Rank12th of 27EU countries ranked
Series high159.92022
Series low76.31995

Trade as a share of GDP in Latvia, 1995 to 2025

608010012014016019952000200520102015202020251995: 76.3 %1996: 92.6 %1997: 90.9 %1998: 93 %1999: 82.2 %2000: 83.6 %2001: 88.2 %2002: 86 %2003: 88.6 %2004: 97.2 %2005: 104.5 %2006: 105.7 %2007: 100.9 %2008: 95.8 %2009: 88.8 %2010: 110.9 %2011: 129.7 %2012: 133.2 %2013: 129.7 %2014: 130 %2015: 126.4 %2016: 123.3 %2017: 128.7 %2018: 128.2 %2019: 125.3 %2020: 123.9 %2021: 136.8 %2022: 159.9 %2023: 135.6 %2024: 131.3 %2025: 129.7 %
%. Source: World Bank, Trade, % of GDP (NE.TRD.GNFS.ZS). Retrieved 2026-10-11, published 2026-10-08.
All 31 values
Period%
2025129.7
2024131.3
2023135.6
2022159.9
2021136.8
2020123.9
2019125.3
2018128.2
2017128.7
2016123.3
2015126.4
2014130
2013129.7
2012133.2
2011129.7
2010110.9
200988.8
200895.8
2007100.9
2006105.7
2005104.5
200497.2
200388.6
200286
200188.2
200083.6
199982.2
199893
199790.9
199692.6
199576.3

Rankings

Definition

Sum of exports and imports of goods and services, as a percentage of GDP. World Bank series.

Can exceed 100%, because exports and imports are both counted against GDP, which is only value added. Small open economies with large re-export or transit trade reach several hundred percent.

How to cite

World Bank, World Development Indicators. Trade, % of GDP (NE.TRD.GNFS.ZS). https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS. Retrieved 2026-10-11.

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Questions

What is the trade as a share of GDP in Latvia?

Trade as a share of GDP in Latvia was 129.7% in 2025, according to the World Bank. That is down 1.6 pts from 2024. That is the 12th highest of 27 EU countries in 2025.

Where does this figure come from?

World Bank. Trade, % of GDP (NE.TRD.GNFS.ZS). Retrieved by Invokely on 2026-10-11.

What was the highest trade as a share of GDP in Latvia?

159.9% in 2022, the highest value since 1995 in this series.

Trade as a share of GDP elsewhere in European Union (27)

Related statistics for Latvia

All statistics for Latvia