Adjusted net national income in Latvia
Latvia: Adjusted net national income was 5.2% in 2021. ◆ Volatile
Adjusted net national income in Latvia, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in annual % growth.
Analysis
In 2021, adjusted net national income in Latvia stood at 5.2%.
The figure is up 399.6% on the previous year and up 34.0% over ten years.
Over the whole period, adjusted net national income in Latvia peaked at 15.1% in 2007 and was at its lowest, -13.1%, in 2010.
That places Latvia 67th out of 154 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in Latvia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 5.5% | — |
| 1997 | 8.9% | +60.5% |
| 1998 | 7.5% | -15.8% |
| 1999 | 4.5% | -39.7% |
| 2000 | 9.1% | +101.9% |
| 2001 | 10.4% | +14.4% |
| 2002 | 9.1% | -12.4% |
| 2003 | 9.9% | +8.2% |
| 2004 | 8.4% | -15.3% |
| 2005 | 13.6% | +62.5% |
| 2006 | 10.6% | -21.7% |
| 2007 | 15.1% | +42.1% |
| 2008 | -2.2% | -114.7% |
| 2009 | -9.4% | +325.2% |
| 2010 | -13.1% | +39.2% |
| 2011 | 3.9% | -129.5% |
| 2012 | 5.3% | +37.2% |
| 2013 | 3.9% | -26.1% |
| 2014 | 2.6% | -33.6% |
| 2015 | 3.9% | +49.7% |
| 2016 | 6.2% | +59.0% |
| 2017 | 4.5% | -27.3% |
| 2018 | 4.4% | -1.5% |
| 2019 | 3.0% | -33.4% |
| 2020 | -1.7% | -158.6% |
| 2021 | 5.2% | -399.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.6% | 4.5% | 8.9% | 4 |
| 2000s | 7.5% | -9.4% | 15.1% | 10 |
| 2010s | 2.5% | -13.1% | 6.2% | 10 |
| 2020s | 1.7% | -1.7% | 5.2% | 2 |
Countries ranked near Latvia
- 64 Netherlands 5.3% compare
- 65 United States 5.3% compare
- 66 Senegal 5.2% compare
- 68 Cote d'Ivoire 5.1% compare
- 69 Poland 5.1% compare
- 70 Gabon 4.9% compare
More economy & growth data for Latvia
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
Frequently asked questions
- What is adjusted net national income in Latvia?
- Adjusted net national income in Latvia was 5.2% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income recorded in Latvia?
- The highest recorded value was 15.1% in 2007.
- What is the lowest adjusted net national income recorded in Latvia?
- The lowest recorded value was -13.1% in 2010.
- How does Latvia rank for adjusted net national income?
- Latvia ranks 67th out of 154 countries with data for 2021.
- Is adjusted net national income rising or falling in Latvia?
- Over the last ten years it is up 34.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.