Adjusted net national income (constant 2015 US$) in Latvia
Latvia: Adjusted net national income (constant 2015 US$) was 25.51 billion constant 2015 US$ in 2021. ▲ Rising
Adjusted net national income in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in constant 2015 US$.
Analysis
Latvia recorded 25.51 billion constant 2015 US$ for adjusted net national income in 2021. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 5.2% on the previous year and up 44.0% over ten years.
Over the whole period, adjusted net national income in Latvia peaked at 25.51 billion constant 2015 US$ in 2021 and was at its lowest, 7.59 billion constant 2015 US$, in 1995.
That places Latvia 86th out of 151 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Adjusted net national income (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 7.59 billion constant 2015 US$ | — |
| 1996 | 8.01 billion constant 2015 US$ | +5.5% |
| 1997 | 8.72 billion constant 2015 US$ | +8.9% |
| 1998 | 9.37 billion constant 2015 US$ | +7.5% |
| 1999 | 9.79 billion constant 2015 US$ | +4.5% |
| 2000 | 10.68 billion constant 2015 US$ | +9.1% |
| 2001 | 11.79 billion constant 2015 US$ | +10.4% |
| 2002 | 12.87 billion constant 2015 US$ | +9.1% |
| 2003 | 14.14 billion constant 2015 US$ | +9.9% |
| 2004 | 15.32 billion constant 2015 US$ | +8.4% |
| 2005 | 17.41 billion constant 2015 US$ | +13.6% |
| 2006 | 19.26 billion constant 2015 US$ | +10.6% |
| 2007 | 22.17 billion constant 2015 US$ | +15.1% |
| 2008 | 21.68 billion constant 2015 US$ | -2.2% |
| 2009 | 19.63 billion constant 2015 US$ | -9.4% |
| 2010 | 17.05 billion constant 2015 US$ | -13.1% |
| 2011 | 17.71 billion constant 2015 US$ | +3.9% |
| 2012 | 18.66 billion constant 2015 US$ | +5.3% |
| 2013 | 19.39 billion constant 2015 US$ | +3.9% |
| 2014 | 19.90 billion constant 2015 US$ | +2.6% |
| 2015 | 20.67 billion constant 2015 US$ | +3.9% |
| 2016 | 21.96 billion constant 2015 US$ | +6.2% |
| 2017 | 22.95 billion constant 2015 US$ | +4.5% |
| 2018 | 23.97 billion constant 2015 US$ | +4.4% |
| 2019 | 24.68 billion constant 2015 US$ | +3.0% |
| 2020 | 24.25 billion constant 2015 US$ | -1.7% |
| 2021 | 25.51 billion constant 2015 US$ | +5.2% |
Latvia compared with similar countries
- Latvia's 25.51 billion constant 2015 US$ is below the median for high income countries, which is 185.40 billion constant 2015 US$, 14% of the median. (51 countries reporting)
- Latvia's 25.51 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 109.77 billion constant 2015 US$, 23% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.69 billion constant 2015 US$ | 7.59 billion constant 2015 US$ | 9.79 billion constant 2015 US$ | 5 |
| 2000s | 16.50 billion constant 2015 US$ | 10.68 billion constant 2015 US$ | 22.17 billion constant 2015 US$ | 10 |
| 2010s | 20.70 billion constant 2015 US$ | 17.05 billion constant 2015 US$ | 24.68 billion constant 2015 US$ | 10 |
| 2020s | 24.88 billion constant 2015 US$ | 24.25 billion constant 2015 US$ | 25.51 billion constant 2015 US$ | 2 |
Countries ranked near Latvia
- 83 Cameroon 32.48 billion constant 2015 US$ compare
- 84 Nepal 30.84 billion constant 2015 US$ compare
- 85 Democratic Republic of Congo 29.59 billion constant 2015 US$ compare
- 87 Bolivia 24.77 billion constant 2015 US$ compare
- 88 Lebanon 24.09 billion constant 2015 US$ compare
- 89 Bahrain 23.69 billion constant 2015 US$ compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is adjusted net national income in Latvia?
- Adjusted net national income in Latvia was 25.51 billion constant 2015 US$ 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 25.51 billion constant 2015 US$ in 2021.
- What is the lowest adjusted net national income recorded in Latvia?
- The lowest recorded value was 7.59 billion constant 2015 US$ in 1995.
- How does Latvia rank for adjusted net national income?
- Latvia ranks 86th out of 151 countries with data for 2021.
- Is adjusted net national income rising or falling in Latvia?
- Over the last ten years it is up 44.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.