Trade balance in low carbon technology products, Percent of GDP in Latvia
Latvia: Trade balance in low carbon technology products, Percent of GDP was -0.4551 in 2024. ▲ Rising
Trade balance in low carbon technology products, Percent of GDP in Latvia, 1994–2024
Source: International Monetary Fund.
Analysis
The most recent figure for trade balance in low carbon technology products, percent of gdp in Latvia is -0.4551, measured in 2024.
Compared with earlier readings it is up 33.9% on the previous year and down 12.2% over ten years.
Over the whole period, trade balance in low carbon technology products, percent of gdp in Latvia peaked at -0.1566 in 2013 and was at its lowest, -1.19, in 2004.
Latvia ranks 43rd of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Trade balance in low carbon technology products, Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | -0.3527 | — |
| 1995 | -0.662 | +87.7% |
| 1996 | -0.6338 | -4.2% |
| 1997 | -0.4373 | -31.0% |
| 1998 | -0.8194 | +87.4% |
| 1999 | -1.14 | +39.6% |
| 2000 | -0.8256 | -27.9% |
| 2001 | -0.7678 | -7.0% |
| 2002 | -0.9407 | +22.5% |
| 2003 | -0.9141 | -2.8% |
| 2004 | -1.19 | +30.1% |
| 2005 | -0.8592 | -27.8% |
| 2006 | -0.7099 | -17.4% |
| 2007 | -0.9057 | +27.6% |
| 2008 | -0.6815 | -24.8% |
| 2009 | -0.3114 | -54.3% |
| 2010 | -0.2702 | -13.2% |
| 2011 | -0.7551 | +179.5% |
| 2012 | -0.5923 | -21.6% |
| 2013 | -0.1566 | -73.6% |
| 2014 | -0.4055 | +158.9% |
| 2015 | -0.3222 | -20.5% |
| 2016 | -0.3185 | -1.1% |
| 2017 | -0.4664 | +46.5% |
| 2018 | -0.4332 | -7.1% |
| 2019 | -0.5266 | +21.6% |
| 2020 | -0.5281 | +0.3% |
| 2021 | -0.3656 | -30.8% |
| 2022 | -0.602 | +64.7% |
| 2023 | -0.6887 | +14.4% |
| 2024 | -0.4551 | -33.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.6749 | -1.14 | -0.3527 | 6 |
| 2000s | -0.8105 | -1.19 | -0.3114 | 10 |
| 2010s | -0.4247 | -0.7551 | -0.1566 | 10 |
| 2020s | -0.5279 | -0.6887 | -0.3656 | 5 |
Countries ranked near Latvia
- 40 Myanmar -0.4218 compare
- 41 Ireland -0.4277 compare
- 42 Ghana -0.4425 compare
- 44 Côte d'Ivoire -0.4679 compare
- 45 Bangladesh -0.4728 compare
- 46 Macau, China -0.4811 compare
More trade data for Latvia
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 101.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.22 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 92.34 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.66 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.09 (2025)
- Imports of low carbon technology products, Percent of GDP 1.53 (2024)
- Imports of low carbon technology products, US dollar (World), per 356.69 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0151 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 467.61 million (2024)
Frequently asked questions
- What is trade balance in low carbon technology products, percent of gdp in Latvia?
- Trade balance in low carbon technology products, percent of gdp in Latvia was -0.4551 in 2024, according to International Monetary Fund.
- What is the highest trade balance in low carbon technology products, percent of gdp recorded in Latvia?
- The highest recorded value was -0.1566 in 2013.
- What is the lowest trade balance in low carbon technology products, percent of gdp recorded in Latvia?
- The lowest recorded value was -1.19 in 2004.
- How does Latvia rank for trade balance in low carbon technology products, percent of gdp?
- Latvia ranks 43rd out of 177 countries with data for 2024.
- Is trade balance in low carbon technology products, percent of gdp rising or falling in Latvia?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Trade balance in low carbon technology products, Percent of GDP (World). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset provides information on the bilateral trade flows of low-carbon technology products, as well as country and world aggregates . Low carbon technology products produce less pollution than their traditional energy counterparts, and will play a vital role in the transition to a low carbon economy. Low carbon technologies include mechanics like wind turbines, solar panels, biomass systems and carbon capture equipment.