Merchandise trade as a share of gdp reached 114% in 2021 in Latvia, according to the National Statistical Office. This is 13.0% more than in the previous year.
Historically, merchandise trade as a share of GDP in Latvia reached an all time high of 114% in 2021 and an all time low of 44.1% in 1994.
Latvia has been ranked 22nd within the group of 165 countries we follow in terms of merchandise trade as a share of GDP.
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