{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"lv-trade-balance-gdp","url":"https://apiardata.com/statistics/lv-trade-balance-gdp","html_url":"https://apiardata.com/statistics/lv-trade-balance-gdp/","title":"Latvia Trade Balance — Goods & Services (% of GDP) (2025)","description":"Latvia's Trade Balance — Goods & Services (% of GDP): -4.6 % of GDP (current prices) in 2025, -3pp YoY. Eurostat (NAMA_10_GDP), 2000–2025.","domain":"trade","category":"Trade & Flows","keywords":["Trade & Investment","Eurostat","Latvia","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Latvia","temporal_coverage":"2000/2025","unit":"% of GDP (current prices)","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2025","variable_measured":"Latvia Trade Balance — Goods & Services (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Latvia"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Latvia (2025)","value":"-4.6","unit":"% of GDP (current prices)","trend":{"direction":"down","value":"-3pp YoY"}},{"label":"YoY Change","value":"-3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Latvia Trade Balance — Goods & Services (% of GDP)"}],"observation_count":26,"observations":[{"period":"2000","value":-8.2},{"period":"2001","value":-10.6},{"period":"2002","value":-10.5},{"period":"2003","value":-13.1},{"period":"2004","value":-16},{"period":"2005","value":-14.9},{"period":"2006","value":-21.8},{"period":"2007","value":-20.1},{"period":"2008","value":-13.3},{"period":"2009","value":-2},{"period":"2010","value":-2.1},{"period":"2011","value":-6.1},{"period":"2012","value":-5.5},{"period":"2013","value":-4.5},{"period":"2014","value":-2.9},{"period":"2015","value":-1.2},{"period":"2016","value":0.5},{"period":"2017","value":-0.4},{"period":"2018","value":-0.5},{"period":"2019","value":-0.2},{"period":"2020","value":1.4},{"period":"2021","value":-3.2},{"period":"2022","value":-4.9},{"period":"2023","value":-3.7},{"period":"2024","value":-1.6},{"period":"2025","value":-4.6}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP (current prices)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"-4.6","yoyChange":"-3pp"},{"year":"2024","value":"-1.6","yoyChange":"+2.1pp"},{"year":"2023","value":"-3.7","yoyChange":"+1.2pp"},{"year":"2022","value":"-4.9","yoyChange":"-1.7pp"},{"year":"2021","value":"-3.2","yoyChange":"-4.6pp"},{"year":"2020","value":"1.4","yoyChange":"+1.6pp"},{"year":"2019","value":"-0.2","yoyChange":"+0.3pp"},{"year":"2018","value":"-0.5","yoyChange":"-0.1pp"},{"year":"2017","value":"-0.4","yoyChange":"-0.9pp"},{"year":"2016","value":"0.5","yoyChange":"+1.7pp"},{"year":"2015","value":"-1.2","yoyChange":"+1.7pp"},{"year":"2014","value":"-2.9","yoyChange":"+1.6pp"},{"year":"2013","value":"-4.5","yoyChange":"+1pp"},{"year":"2012","value":"-5.5","yoyChange":"+0.6pp"},{"year":"2011","value":"-6.1","yoyChange":"-4pp"},{"year":"2010","value":"-2.1","yoyChange":"-0.1pp"},{"year":"2009","value":"-2.0","yoyChange":"+11.3pp"},{"year":"2008","value":"-13.3","yoyChange":"+6.8pp"},{"year":"2007","value":"-20.1","yoyChange":"+1.7pp"},{"year":"2006","value":"-21.8","yoyChange":"-6.9pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the external balance of goods and services as a share of GDP in Latvia from 2000 to present. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 1.4 % of GDP (current prices) in 2020 and reached its lowest recorded value of -21.8 in 2006. The latest reading of -4.6 in 2025 represents a change of -3pp."}]}