October 2011
Latvia
                         
BASIC INDICATORS
Population (thousands, 2010)  2 243 Rank in world trade, 2010 Exports Imports
GDP (million current US$, 2010)  24 010 Merchandise  84 83
GDP (million current PPP US$, 2010)  36 586 excluding intra-EU trade - -
Current account balance (million US$, 2010)   850 Commercial services 75 95
Trade per capita (US$, 2008-2010)  11 884 excluding intra-EU trade - -
Trade to GDP ratio (2008-2010)   96.2
Annual percentage change
2010   2005-2010 2009 2010
Real GDP (2005=100)   97 -1 -18 0
Exports of goods and services (volume, 2005=100)   113 3 -14 10
Imports of goods and services (volume, 2005=100)   88 -3 -33 9
                         
TRADE POLICY
WTO accession 10 February 1999 Contribution to WTO budget (%, 2011) 0.081
Trade Policy Review 6, 8 July 2011 Import duties collected
GPA accession  1 May 2004 in total tax revenue ...
Tariffs and duty free imports to total imports ...
Tariff binding coverage (%)    100 Number of notifications to WTO and measures in force 
MFN tariffs Final bound Applied 2010 Outstanding notifications in WTO Central Registry   18
Simple average of import duties Goods RTAs - services EIAs notified to WTO 31 - 10
All goods   5.0   5.1 Anti-dumping (30 June 2010) 149
Agricultural goods (AOA)   12.3   12.8 Countervailing duties (30 June 2010) 8
Non-agricultural goods   3.9   4.0 Safeguards (22 October 2010)   0
Non ad-valorem duties (% total tariff lines)   4.8   4.7 Number of disputes (complainant - defendant) 
MFN duty free imports (%, 2009) Requests for consultation 85 - 70
in agricultural goods (AOA)   41.1 Original panel / Appellate Body (AB) reports 33 - 32
in non-agricultural goods   51.4 Compliance panel / AB reports (Article 21.5 DSU) 4 - 4
Services sectors with GATS commitments   121 Arbitration awards (Article 22.6 DSU) 4 - 3
                         
MERCHANDISE TRADE  Value Annual percentage change
2010   2005-2010 2009 2010
Merchandise exports, f.o.b. (million US$)  9 489 13 -24 23
Merchandise imports, c.i.f. (million US$)  11 593 6 -39 18
2010   2010
Share in world total exports    0.06 Share in world total imports  0.08
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   30.3 Agricultural products 17.5
Fuels and mining products   8.6 Fuels and mining products 16.5
Manufactures   60.7 Manufactures 64.6
  By main destination   By main origin
1. European Union (27)   71.4 1. European Union (27)   74.5
2. Russian Federation   10.6 2. Russian Federation   10.0
3. Norway   2.8 3. Belarus   3.4
4. Belarus   2.1 4. China   2.6
5. Algeria   1.9 5. Switzerland   1.5
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2010   2005-2010   2009 2010
Commercial services exports (million US$)  3 650   11 -16 -3
Commercial services imports (million US$)  2 196   7 -29 -2
2010   2010
Share in world total exports   0.10   Share in world total imports 0.06
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   49.3   Transportation 29.6
Travel   17.5   Travel 29.2
Other commercial services   33.2   Other commercial services 41.2
                         
INDUSTRIAL PROPERTY 
Patent grants by patent office, 2006 Trademark registrations by office, 2009
Residents Non-residents  Total  Direct residents Direct non-residents Madrid  Total 
  81   39   120  1 135   459  2 133  3 727