Economic Trivia

Exports contribute nearly a third of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2017): Lithuania, Germany, and Estonia
Top 3 Exported Goods (2017): Wood, Electrical Machinery, and Industrial Machinery

Top Industries Source: CIA World Factbook

Processed Foods; Processed Wood Products; Textiles; Processed Metals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $59,129,881,086 (2018)
GDP Growth Rate (annual %) 4.77% (2018)
GDP Per Capita, PPP (current international) $30,692 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 107/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.534% (2018)
External debt stocks, total (DOD, current US$) $38,255,247,000 (2011)
Total tax rate (% of commercial profits) 36% (2018)
Real Interest Rate (5 year average %) 18.78% (2016)
Manufacturing, value added (% of GDP) 10.462% (2018)
Current Account Balance (BoP, current US$) ($295,974,323) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 987,954 (2018)
Employment in Agriculture (% of total employment) 6.795% (2018)
Employment in Industry (% of total employment) 23.155% (2018)
Employment in Services (% of total employment) 70.05% (2018)
Unemployment Rate 7.857% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $20,733,094,392 (2018)
Exports of goods and services (current US$) $20,517,590,453 (2018)
Total Merchandise Trade (% of GDP) 100.146% (2018)
FDI, net inflows (BoP, current US$) $423,271,482 (2018)
Commercial Service Exports (current US$) $6,175,933,202 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Latvia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank