Export Diversification, Theil index in Latvia, Republic of
Latvia, Republic of: Export Diversification, Theil index was 1.86 in 2014. ◆ Volatile
Export Diversification, Theil index in Latvia, Republic of, 1962–2014
Source: International Monetary Fund.
Analysis
The most recent figure for export diversification, theil index in Latvia, Republic of is 1.86, measured in 2014.
Compared with earlier readings it is up 1.2% on the previous year and down 7.8% over ten years.
Over the whole period, export diversification, theil index in Latvia, Republic of peaked at 3.03 in 1992 and was at its lowest, 0, in 1962.
Latvia, Republic of ranks 178th of 189 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 | 0 | 0 | 8 |
| 1970s | 0 | 0 | 0 | 10 |
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 2 | 0 | 3.03 | 10 |
| 2000s | 1.98 | 1.64 | 2.37 | 10 |
| 2010s | 1.82 | 1.76 | 1.86 | 5 |
Countries ranked near Latvia, Republic of
- 175 Netherlands, The 1.95 compare
- 176 United Kingdom 1.95 compare
- 177 Croatia 1.89 compare
- 179 Türkiye, Republic of 1.81 compare
- 180 Portugal 1.79 compare
- 181 Spain 1.74 compare
More trade data for Latvia, Republic of
- Extensive Margin, Theil index 0.0576 (2014)
- Intensive Margin, Theil index 1.81 (2014)
- Total current account debit/expenditure, Debit/Expenditure 34.53 billion (2024)
- Goods, Debit/Expenditure 23.37 billion (2024)
- Primary income, Debit/Expenditure 4.15 billion (2024)
- Services, Debit/Expenditure 5.86 billion (2024)
- Secondary income, Debit/Expenditure 1.14 billion (2024)
- Total capital account debit/expenditure, Debit/Expenditure 114.70 million (2024)
- Milking, dairy machinery (trade) — Import Value 12,227 1000 USD (2008)
- CO2 emissions embodied in gross exports, Metric ton of CO₂ equivalent 6.12 (2021)
Frequently asked questions
- What is export diversification, theil index in Latvia, Republic of?
- Export diversification, theil index in Latvia, Republic of was 1.86 in 2014, according to International Monetary Fund.
- What is the highest export diversification, theil index recorded in Latvia, Republic of?
- The highest recorded value was 3.03 in 1992.
- What is the lowest export diversification, theil index recorded in Latvia, Republic of?
- The lowest recorded value was 0 in 1962.
- How does Latvia, Republic of rank for export diversification, theil index?
- Latvia, Republic of ranks 178th out of 189 countries with data for 2014.
- Is export diversification, theil index rising or falling in Latvia, Republic of?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is volatile.
- Where does this Latvia, Republic of data come from?
- The figures come from International Monetary Fund, published as part of Export Diversification, Theil index. Statizoid updates them automatically from the source API.
Download this data
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About this data
Covers 200 countries with data from 1962 to 2014. It has three main indicators: the Export Diversification Index, which can be disaggregated into sub-indices covering the Extensive Margin and the Intensive Margin. As these are Theil indices, higher values for all three correspond to lower export diversification.