Adjusted net national income in Latvia
Latvia: Adjusted net national income was 30.60 billion current US$ in 2021. ◆ Volatile
Adjusted net national income in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Latvia recorded 30.60 billion current US$ for adjusted net national income in 2021. That is the highest value across all 27 years on record.
That represents a change of up 13.8% on the previous year and up 49.1% over ten years.
Over the whole period, adjusted net national income in Latvia peaked at 30.60 billion current US$ in 2021 and was at its lowest, 3.56 billion current US$, in 1995.
Latvia ranks 95th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 3.56 billion current US$ | — |
| 1996 | 3.86 billion current US$ | +8.2% |
| 1997 | 4.36 billion current US$ | +13.1% |
| 1998 | 4.83 billion current US$ | +10.9% |
| 1999 | 5.07 billion current US$ | +5.0% |
| 2000 | 5.67 billion current US$ | +11.8% |
| 2001 | 6.21 billion current US$ | +9.5% |
| 2002 | 7.18 billion current US$ | +15.7% |
| 2003 | 8.88 billion current US$ | +23.6% |
| 2004 | 10.84 billion current US$ | +22.1% |
| 2005 | 13.09 billion current US$ | +20.8% |
| 2006 | 16.14 billion current US$ | +23.3% |
| 2007 | 23.48 billion current US$ | +45.4% |
| 2008 | 27.54 billion current US$ | +17.3% |
| 2009 | 22.03 billion current US$ | -20.0% |
| 2010 | 18.14 billion current US$ | -17.7% |
| 2011 | 20.52 billion current US$ | +13.1% |
| 2012 | 20.95 billion current US$ | +2.1% |
| 2013 | 22.73 billion current US$ | +8.5% |
| 2014 | 23.80 billion current US$ | +4.7% |
| 2015 | 20.67 billion current US$ | -13.1% |
| 2016 | 21.60 billion current US$ | +4.5% |
| 2017 | 23.63 billion current US$ | +9.4% |
| 2018 | 26.50 billion current US$ | +12.1% |
| 2019 | 26.48 billion current US$ | -0.1% |
| 2020 | 26.89 billion current US$ | +1.5% |
| 2021 | 30.60 billion current US$ | +13.8% |
Latvia compared with similar countries
- Latvia's 30.60 billion current US$ is below the median for high income countries, which is 200.18 billion current US$, 15% of the median. (59 countries reporting)
- Latvia's 30.60 billion current US$ is below the median for Europe & Central Asia, which is 110.16 billion current US$, 28% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.34 billion current US$ | 3.56 billion current US$ | 5.07 billion current US$ | 5 |
| 2000s | 14.11 billion current US$ | 5.67 billion current US$ | 27.54 billion current US$ | 10 |
| 2010s | 22.50 billion current US$ | 18.14 billion current US$ | 26.50 billion current US$ | 10 |
| 2020s | 28.74 billion current US$ | 26.89 billion current US$ | 30.60 billion current US$ | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is adjusted net national income in Latvia?
- Adjusted net national income in Latvia was 30.60 billion current 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 30.60 billion current US$ in 2021.
- What is the lowest adjusted net national income recorded in Latvia?
- The lowest recorded value was 3.56 billion current US$ in 1995.
- How does Latvia rank for adjusted net national income?
- Latvia ranks 95th out of 184 countries with data for 2021.
- Is adjusted net national income rising or falling in Latvia?
- Over the last ten years it is up 49.1%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.