Where Are We Still Among the Lagging? 0 10

Janis Hermanis, an expert from the Latvian Confederation of Employers, drew attention on the social network Facebook to the data on the external trade balance of goods and services as a percentage of GDP for all 27 EU countries. This balance as a percentage of GDP is determined by subtracting imports from exports.

Unfortunately, we are also at the bottom of this indicator, with Latvia ranking third from the bottom - with a negative balance, meaning imports prevail over exports. Latvia's indicator is minus 4.6%. The situation is worse only for Croatia - minus 5.1% and Romania - minus 5.4%.

What about our neighbors in the Baltics? Estonia has this indicator at plus 1%, while Lithuania has plus 3.6%.

The top three leaders in the EU are Ireland - plus 40.2%, Luxembourg (31.1%), and Malta (19.2%). Denmark and the Netherlands also have something to boast about - plus 11.3%.