Latvia

0.37

Econ Complexity 39th of 184
1993
2015

$11.4B

Exports 82nd of 221
1993
2015

$14.5B

Imports 87th of 221
1993
2015

$24.9k

GDP Per Capita 51st of 184
1993
2015

Latvia is the 82nd largest export economy in the world and the 39th most complex economy according to the Economic Complexity Index (ECI). In 2015, Latvia exported $11.4B and imported $14.5B, resulting in a negative trade balance of $3.08B. In 2015 the GDP of Latvia was $27B and its GDP per capita was $24.9k.

The top exports of Latvia are Refined Petroleum ($856M), Sawn Wood ($632M), Hard Liquor ($389M), Broadcasting Equipment ($361M) and Fuel Wood ($330M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.39B), Broadcasting Equipment ($501M), Cars ($484M), Packaged Medicaments ($456M) and Petroleum Gas ($391M).

The top export destinations of Latvia are Lithuania ($2.21B), Russia ($802M), Estonia ($774M), the United Kingdom ($721M) and Germany ($688M). The top import origins are Lithuania ($2.25B), Russia ($1.53B), Germany ($1.45B), Poland ($1.44B) and Estonia ($956M).

Latvia borders Belarus, Estonia, Lithuania and Russia by land and Sweden by sea.

Economic Complexity of Latvia

More on Latvia from our other sites