GERD as a percentage of GDP in Latvia

Latvia: GERD as a percentage of GDP was 0.8% in 2023. β–² Rising

Latest (2023)
0.8%
Change on year
up 1.4%
World rank
45th
of 116 countries
All-time high
0.8%
in 2023
All-time low
0.4%
in 1999
Years of data
28
1996–2023

GERD as a percentage of GDP in Latvia, 1996–2023

00.20.40.60.81996200920231996: 0.4091997: 0.3771998: 0.391999: 0.3622000: 0.4462001: 0.4112002: 0.4222003: 0.3762004: 0.4162005: 0.552006: 0.6832007: 0.5822008: 0.6062009: 0.4612010: 0.6182011: 0.742012: 0.6892013: 0.6352014: 0.7142015: 0.6412016: 0.4512017: 0.532018: 0.6612019: 0.662020: 0.7572021: 0.7712022: 0.8122023: 0.824

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for gerd as a percentage of gdp in Latvia is 0.8%, measured in 2023. That is the highest value across all 28 years on record.

Compared with earlier readings it is up 1.4% on the previous year and up 29.6% over ten years.

Over the whole period, gerd as a percentage of gdp in Latvia peaked at 0.8% in 2023 and was at its lowest, 0.4%, in 1999.

That places Latvia 45th out of 116 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 28 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.4% 0.4% 0.4% 4
2000s 0.5% 0.4% 0.7% 10
2010s 0.6% 0.5% 0.7% 10
2020s 0.8% 0.8% 0.8% 4

Countries ranked near Latvia

  1. 42 Serbia 0.9% compare
  2. 43 Russian Federation 0.9% compare
  3. 44 Thailand 0.9% compare
  4. 46 Kenya 0.8% compare
  5. 47 Bulgaria 0.8% compare
  6. 48 Tunisia 0.7% compare

See the full ranking of 166 places β†’

More science & technology data for Latvia

All data for Latvia β†’

Frequently asked questions

What is gerd as a percentage of gdp in Latvia?
Gerd as a percentage of gdp in Latvia was 0.8% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in Latvia?
The highest recorded value was 0.8% in 2023.
What is the lowest gerd as a percentage of gdp recorded in Latvia?
The lowest recorded value was 0.4% in 1999.
How does Latvia rank for gerd as a percentage of gdp?
Latvia ranks 45th out of 116 countries with data for 2023.
Is gerd as a percentage of gdp rising or falling in Latvia?
Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in Latvia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 20 August 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/latvia/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release