Comparative advantage in environmental goods in Latvia

Latvia: Comparative advantage in environmental goods was 0.6188 index in 2019. ▲ Rising

Latest (2019)
0.6188 index
Change on year
down 3.3%
World rank
47th
of 163 countries
All-time high
0.9682 index
in 2008
All-time low
0.3174 index
in 1999
Years of data
22
1998–2019

Comparative advantage in environmental goods in Latvia, 1998–2019

0.40.60.811998200820191998: 0.344 index1999: 0.317 index2000: 0.407 index2001: 0.44 index2002: 0.548 index2003: 0.572 index2004: 0.621 index2005: 0.774 index2006: 0.91 index2007: 0.886 index2008: 0.968 index2009: 0.671 index2010: 0.592 index2011: 0.622 index2012: 0.713 index2013: 0.691 index2014: 0.691 index2015: 0.757 index2016: 0.631 index2017: 0.632 index2018: 0.64 index2019: 0.619 index

Source: IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations. Measured in index.

Analysis

The most recent figure for comparative advantage in environmental goods in Latvia is 0.6188 index, measured in 2019.

The figure is down 3.3% on the previous year and down 7.8% over ten years.

Over the whole period, comparative advantage in environmental goods in Latvia peaked at 0.9682 index in 2008 and was at its lowest, 0.3174 index, in 1999.

Latvia ranks 47th of 163 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 22 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.3309 index 0.3174 index 0.3444 index 2
2000s 0.6798 index 0.4067 index 0.9682 index 10
2010s 0.6588 index 0.5917 index 0.757 index 10

Countries ranked near Latvia

  1. 44 Switzerland 0.6749 index compare
  2. 45 Tunisia 0.6703 index compare
  3. 46 Croatia 0.6596 index compare
  4. 48 El Salvador 0.6059 index compare
  5. 49 Hong Kong 0.5788 index compare
  6. 50 Bahamas 0.5585 index compare

See the full ranking of 163 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is comparative advantage in environmental goods in Latvia?
Comparative advantage in environmental goods in Latvia was 0.6188 index in 2019, according to IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations.
What is the highest comparative advantage in environmental goods recorded in Latvia?
The highest recorded value was 0.9682 index in 2008.
What is the lowest comparative advantage in environmental goods recorded in Latvia?
The lowest recorded value was 0.3174 index in 1999.
How does Latvia rank for comparative advantage in environmental goods?
Latvia ranks 47th out of 163 countries with data for 2019.
Is comparative advantage in environmental goods rising or falling in Latvia?
Over the last ten years it is down 7.8%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as part of Comparative advantage in environmental goods (index). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Comparative advantage in environmental goods (index)
Unit
index
Source
IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
163 places, 3,076 data points, 1998–2019
Last refreshed

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.