Latvia's exports as a capacity to import (constant LCU) was 20.81 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 43.77% from 14.47 billion in 2015 (3.7% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 20.81 billion | 2025 |
| Five years earlier | 18.31 billion | 2020 |
| Ten years earlier | 14.47 billion | 2015 |
| Highest | 21.3 billion | 2022 |
| Lowest | 3.47 billion | 1995 |
| Average since 2016 | 18.88 billion | 2016–2025 |
| First recorded | 3.47 billion |
What the numbers say
In 2025, Latvia's exports as a capacity to import (constant LCU) rose 0.9% on 2024 (from 20.62 billion to 20.81 billion).
Across the 29 yearly changes before that (1996 to 2024), the average change was +6.6% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 22.3% in 2005 and the biggest yearly fall was 12.7% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 612.99 million a year. A straight line explains 89% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Latvia had the 116th highest value of the 128 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Latvia in the 2025 ranking
- Libya — 112th of 128: 24.1 billion
- Seychelles — 113th of 128: 23.79 billion
- Haiti — 114th of 128: 22.98 billion
- Bosnia and Herzegovina — 116th of 128: 18.49 billion
- Sierra Leone — 117th of 128: 18.42 billion
- Brunei Darussalam — 118th of 128: 13.33 billion
What this measures
Exports as a capacity to import equals the current price value of exports of goods and services deflated by the import price index. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 31 values
| Year | Exports as a capacity to import (constant LCU) |
|---|---|
| 2025 | 20,805,982,630 |
| 2024 | 20,617,512,904 |
| 2023 | 20,370,441,696 |
| 2022 | 21,299,482,191 |
| 2021 | 19,666,851,752 |
| 2020 | 18,311,750,000 |
| 2019 | 18,032,623,928 |
| 2018 | 17,599,630,711 |
| 2017 | 16,568,080,371 |
| 2016 | 15,496,172,776 |
Exports as a capacity to import (constant LCU) in nearby economies
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
- GDP (current LCU) — 43.03 billion (2025)
- GDP, linked series (current LCU) — 43.03 billion (2025)
- GDP (constant 2015 US$) — US$31.21 billion (2025)
- GDP (constant LCU) — 32.21 billion (2025)
- GDP, PPP (current international $) — 85.25 billion (2025)
- GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's exports as a capacity to import (constant LCU)?
- 20.81 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 499.84% from 3.47 billion in 1995 (6.15% a year on average, compounded). The highest value was 21.3 billion in 2022 and the lowest 3.47 billion in 1995.
- How does Latvia rank?
- 116th highest of 128 economies with data for 2025.
- Is the latest change in exports as a capacity to import (constant LCU) unusual for Latvia?
- In 2025, Latvia's exports as a capacity to import (constant LCU) rose 0.9% on 2024 (from 20.62 billion to 20.81 billion). Across the 29 yearly changes before that (1996 to 2024), the average change was +6.6% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.EXP.CAPM.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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