Comparative advantage in environmental goods in Latvia
Latvia: Comparative advantage in environmental goods was 0.6188 index in 2019. ⲠRising
Comparative advantage in environmental goods in Latvia, 1998â2019
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
| Decade | Average | Lowest | Highest | 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
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
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 â 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Environmental goods include both goods connected to environmental protectionâsuch as goods related to pollution management and resource managementâand adapted goodsâwhich are goods that have been specifically modified to be more âenvironmentally friendlyâ or âcleaner.â 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 protectionâsuch as goods related to pollution management and resource managementâand adapted goodsâwhich are goods that have been specifically modified to be more âenvironmentally friendlyâ or âcleaner.â A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.