Bahamas vs Latvia: Comparative advantage in environmental goods
Comparative advantage in environmental goods over time
- Bahamas
- Latvia
How they compare
Latvia currently reports 0.6188 index against 0.5585 index in Bahamas, a difference of 0.0603 index.
That makes Latvia's figure about 1.1 times Bahamas's.
The two have swapped places 1 time across 21 shared years of data; in 1998 it was Bahamas ahead.
Bahamas ranks 50th and Latvia ranks 47th of 163 countries.
Across the 3 decades both report, Bahamas averaged higher in 1 and Latvia in 2.
Head to head by decade
| Decade | Bahamas | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.13 index | 0.3309 index | 0.7948 index | Bahamas |
| 2000s | 0.2661 index | 0.6798 index | 0.4137 index | Latvia |
| 2010s | 0.3679 index | 0.6632 index | 0.2953 index | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher comparative advantage in environmental goods, Bahamas or Latvia?
- Latvia, at 0.6188 index against 0.5585 index in Bahamas as of 2019.
- What is the difference in comparative advantage in environmental goods between Bahamas and Latvia?
- 0.0603 index, with Latvia ahead.
- How many years of comparable data are there for Bahamas and Latvia?
- 21 years are reported by both, from 1998 to 2018.
- How do Bahamas and Latvia rank globally for comparative advantage in environmental goods?
- Bahamas ranks 50th and Latvia ranks 47th of 163 countries.
- Where does this data come from?
- IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as Comparative advantage in environmental goods (index). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.