Latvia - Pharmaceutical Industry Trade Balance
Since 2014, Latvia Pharmaceutical Industry Trade Balance decreased by 6.5% year on year. In 2019, the country was ranked number 17 among other countries in Pharmaceutical Industry Trade Balance at -$168.29 Million. Latvia is overtaken by Iceland, which was ranked number 16 with -$158.25 Million and is followed by Luxembourg at -$406.61 Million. Switzerland lead the ranking with $53,970.94 Million in 2019, an increase of 13.5% versus 2018. Ireland, Germany and Denmark respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +26.5% per year, while Israel witnessed the worst performance at -45.7% per year.
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| Date | Million US Dollars |
|---|---|
| 2019 | -168.29 |
| 2018 | -181.36 |
| 2017 | -183.47 |
| 2016 | -179.58 |
| 2015 | -199.97 |
Download all data from 1994 to 2019
How does Latvia rank in Pharmaceutical Industry Trade Balance?
| # | 44 Countries | Million US Dollars | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Switzerland
|
53,970.94 | 2019 | +13.5 % | +5.5 % | View data | |
| 2 |
#2
Ireland
|
47,210.04 | 2019 | +14.3 % | +15.1 % | View data | |
| 16 |
#16
Iceland
|
-158.25 | 2019 | -4.7 % | +23.1 % | View data | |
| 17 |
#17
Latvia
|
-168.29 | 2019 | -7.2 % | -6.5 % | View data | |
| 18 |
#18
Luxembourg
|
-406.61 | 2018 | +11.2 % | +2.3 % | View data | |