Imports (As % of GDP) rose to 0.610% in Latvia in 2017

Imports (As % of GDP) (%)
Economy | Latvia | December 2, 2019
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Imports as a share of GDP reached 0.610 % in 2017 in Latvia, according to the National Statistical Office. This is 3.7 % more than in the previous year.

Historically, imports as a share of GDP in Latvia reached an all time high of 73.1 % in 1992 and an all time low of 0.393 % in 1995. When compared to Latvia's main peers, imports as a share of GDP in Belarus amounted to 0.671 %, 0.720 % in Estonia, 0.781 % in Lithuania and 0.207 % in Russia in 2017.

Latvia has been ranked 37th within the group of 165 countries we follow in terms of imports as a share of GDP, 14 places above the position seen 10 years ago.

Imports of goods and services represent the value of all goods and other market services received from the rest of the world.

Imports (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belarus % 0.795% 0.743% 0.615% 0.557% 0.579%
China % 0.241% 0.227% 0.221% 0.214% 0.181%
Estonia % 0.808% 0.844% 0.815% 0.782% 0.733%
Finland % 0.400% 0.409% 0.397% 0.382% 0.368%
Germany % 0.399% 0.399% 0.394% 0.387% 0.389%
Japan % 0.155% 0.161% 0.182% 0.200% 0.180%
Latvia % 0.628% 0.658% 0.639% 0.622% 0.609%
Lithuania % 0.775% 0.808% 0.828% 0.790% 0.763%
Poland % 0.445% 0.449% 0.444% 0.461% 0.465%
Russia % 0.199% 0.202% 0.204% 0.206% 0.206%
USA % 0.173% 0.170% 0.165% 0.164% 0.153%
Ukraine % 0.564% 0.564% 0.522% 0.521% 0.552%