Trade openness in Latvia in 2025 — 129.72%. Ranked 28 in the world out of 138. Since 1995, the indicator has risen by 53.47 pp.
1995–2025 · % of GDP
How the value compares with the world and the groups this territory belongs to: Latvia
| Year | % | Change, pp |
|---|---|---|
| 2025 | 129.72 | −1.59 pp |
| 2024 | 131.31 | −4.33 pp |
| 2023 | 135.64 | −24.25 pp |
| 2022 | 159.89 | +23.1 pp |
| 2021 | 136.8 | +12.91 pp |
| 2020 | 123.88 | −1.41 pp |
| 2019 | 125.29 | −2.94 pp |
| 2018 | 128.23 | −0.48 pp |
| 2017 | 128.71 | +5.38 pp |
| 2016 | 123.33 | −3.05 pp |
| 2015 | 126.38 | −3.66 pp |
| 2014 | 130.04 | +0.37 pp |
| 2013 | 129.68 | −3.53 pp |
| 2012 | 133.21 | +3.48 pp |
| 2011 | 129.73 | +18.87 pp |
| 2010 | 110.86 | +22.03 pp |
| 2009 | 88.83 | −6.94 pp |
| 2008 | 95.77 | −5.11 pp |
| 2007 | 100.88 | −4.81 pp |
| 2006 | 105.7 | +1.18 pp |
| 2005 | 104.52 | +7.28 pp |
| 2004 | 97.24 | +8.65 pp |
| 2003 | 88.58 | +2.6 pp |
| 2002 | 85.98 | −2.2 pp |
| 2001 | 88.18 | +4.56 pp |
| 2000 | 83.61 | +1.46 pp |
| 1999 | 82.15 | −10.9 pp |
| 1998 | 93.05 | +2.12 pp |
| 1997 | 90.93 | −1.64 pp |
| 1996 | 92.56 | +16.31 pp |
| 1995 | 76.25 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
