2023
Flag  
GDP
$1.07BCURRENT US$
Rnk 185 / 195
2013-2023
Flag
GDP GROWTH
39.4%CURRENT US$
Rnk 93 / 195
2023
Flag
 GDP
$42.2BCURRENT US$
Rnk 100 / 195
2013-2023
Flag
GDP GROWTH
44.9%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC 
$10,520CURRENT US$
Rnk 88 / 195
2013-2023
Flag
GDP PC GROWTH
48.8%CURRENT US$
Rnk 49 / 195
2023
Flag
GDP PC
$22,503CURRENT US$
Rnk 56 / 196
2013-2023
Flag
GDP PC GROWTH
55.4%CURRENT US$
Rnk 37 / 195

About

Saint Vincent and the Grenadines-Latvia Trade: In 2016, Saint Vincent and the Grenadines exported $122 to Latvia. The main products that Saint Vincent and the Grenadines exported to Latvia were N/A. Over the past 12 years the exports of Saint Vincent and the Grenadines to Latvia have decreased at an annualized rate of 19.9%, from $1.75k in 2004 to $122 in 2016.

In 2016, Saint Vincent and the Grenadines did not export any services to Latvia.

Latvia-Saint Vincent and the Grenadines Trade: In 2016, Latvia exported $12.3k to Saint Vincent and the Grenadines. The main products that Latvia exported to Saint Vincent and the Grenadines were Hard Liquor ($4.9k), Knit T-shirts ($3.64k), and Twine and Rope ($2.62k). Over the past 12 years the exports of Latvia to Saint Vincent and the Grenadines have increased at an annualized rate of 2.18%,  from $11.1k in 2004 to $12.3k in 2016.

In 2016, Latvia did not export any services to Saint Vincent and the Grenadines.

Comparison In 2023,  Saint Vincent and the Grenadines ranked 200 in total exports ($64.2M). That same year, Latvia ranked 80 in total exports ($19.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Saint Vincent and the Grenadines exported $122 to Latvia. There were not main exports from Saint Vincent and the Grenadines to Latvia in 2016. During the last 12 years the exports of Saint Vincent and the Grenadines to Latvia have decreased at an annualized rate of 19.9%, from $1.75k in 2004 to $122 in 2016.

In 2018, Latvia exported $12.3k to Saint Vincent and the Grenadines. The main products exported from Latvia to Saint Vincent and the Grenadines were Hard Liquor ($4.9k), Knit T-shirts ($3.64k), and Twine and Rope ($2.62k). During the last 5 years the exports of Latvia to Saint Vincent and the Grenadines have increased at an annualized rate of 2.18%, from $11.1k in 2023 to $12.3k in 2018.

Exports from Saint Vincent and the Grenadines (Flag) to Latvia (Flag) (2023)

Exports from Latvia (Flag) to Saint Vincent and the Grenadines (Flag) (2023)

Latest Data

Trade between Saint Vincent and the Grenadines (Flag) and Latvia (Flag)

Latvia Exports

Market Competitiveness

Color
Latvia
Top Destination
Lithuania$3.77B

This map shows whether countries import more from Saint Vincent and the Grenadines or Latvia. Each country is colored based on the difference in imports they receive from Saint Vincent and the Grenadines and Latvia or the difference in the growth in imports.

In 2023, countries that imported more from Saint Vincent and the Grenadines than Latvia included Barbados ($8.86M), Saint Lucia ($6.16M), and Saint Kitts and Nevis ($5.44M).

In 2023, countries that imported more from Latvia than Saint Vincent and the Grenadines included Lithuania ($3.77B), Estonia ($1.26B), and Russia ($1.22B).

Difference in imports from Latvia (Flag) and Saint Vincent and the Grenadines (Flag) (2023)

Comparative Advantage Saint Vincent and the Grenadines - Latvia

Flow
Scale

This chart compares trade between Saint Vincent and the Grenadines and Latvia by product, considering products traded by both, Saint Vincent and the Grenadines and Latvia.

During 2016, Saint Vincent and the Grenadines had a large net trade with Latvia in the exports of .

During 2018, Latvia had a large net trade with Saint Vincent and the Grenadines in the exports of Textiles ($6.26k), Foodstuffs ($4.9k), and Chemical Products ($1.17k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Saint Vincent and the Grenadines and Latvia. This means that a dot/product with the flag of Saint Vincent and the Grenadines indicates it has a comparative advantage over Latvia. Similarly, a dot/product with the flag of Latvia indicates it has a comparative advantage over Saint Vincent and the Grenadines.

Product Space of Saint Vincent and the Grenadines (Flag) and Latvia (Flag) (2023)

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