Adjusted savings: education expenditure (current US$), per unit of GDP in Latvia
Latvia: Adjusted savings: education expenditure (current US$), per unit of GDP was 0.0391 current US$ per US$ of GDP in 2021. ▼ Falling
Adjusted savings: education expenditure (current US$), per unit of GDP in Latvia, 1995–2021
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2021, adjusted savings: education expenditure (current us$), per unit of gdp in Latvia stood at 0.0391 current US$ per US$ of GDP.
Compared with earlier readings it is down 1.1% on the previous year and down 15.1% over ten years.
Over the whole period, adjusted savings: education expenditure (current us$), per unit of gdp in Latvia peaked at 0.0634 current US$ per US$ of GDP in 1995 and was at its lowest, 0.0371 current US$ per US$ of GDP, in 2018.
That places Latvia 90th out of 194 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Adjusted savings: education expenditure (current US$), per unit of GDP in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.0634 current US$ per US$ of GDP | — |
| 1996 | 0.056 current US$ per US$ of GDP | -11.7% |
| 1997 | 0.0601 current US$ per US$ of GDP | +7.3% |
| 1998 | 0.0576 current US$ per US$ of GDP | -4.0% |
| 1999 | 0.0549 current US$ per US$ of GDP | -4.7% |
| 2000 | 0.0509 current US$ per US$ of GDP | -7.3% |
| 2001 | 0.0518 current US$ per US$ of GDP | +1.7% |
| 2002 | 0.0501 current US$ per US$ of GDP | -3.3% |
| 2003 | 0.0483 current US$ per US$ of GDP | -3.6% |
| 2004 | 0.0462 current US$ per US$ of GDP | -4.2% |
| 2005 | 0.045 current US$ per US$ of GDP | -2.6% |
| 2006 | 0.0433 current US$ per US$ of GDP | -3.9% |
| 2007 | 0.0414 current US$ per US$ of GDP | -4.3% |
| 2008 | 0.0475 current US$ per US$ of GDP | +14.7% |
| 2009 | 0.0496 current US$ per US$ of GDP | +4.5% |
| 2010 | 0.0449 current US$ per US$ of GDP | -9.4% |
| 2011 | 0.046 current US$ per US$ of GDP | +2.4% |
| 2012 | 0.0599 current US$ per US$ of GDP | +30.2% |
| 2013 | 0.0634 current US$ per US$ of GDP | +5.8% |
| 2014 | 0.0449 current US$ per US$ of GDP | -29.1% |
| 2015 | 0.0461 current US$ per US$ of GDP | +2.7% |
| 2016 | 0.0437 current US$ per US$ of GDP | -5.2% |
| 2017 | 0.0401 current US$ per US$ of GDP | -8.3% |
| 2018 | 0.0371 current US$ per US$ of GDP | -7.4% |
| 2019 | 0.039 current US$ per US$ of GDP | +4.9% |
| 2020 | 0.0395 current US$ per US$ of GDP | +1.4% |
| 2021 | 0.0391 current US$ per US$ of GDP | -1.1% |
Latvia compared with similar countries
- Latvia's 0.0391 current US$ per US$ of GDP is below the median for high income countries, which is 0.0408 current US$ per US$ of GDP, 96% of the median. (68 countries reporting)
- Latvia's 0.0391 current US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0415 current US$ per US$ of GDP, 94% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0584 current US$ per US$ of GDP | 0.0549 current US$ per US$ of GDP | 0.0634 current US$ per US$ of GDP | 5 |
| 2000s | 0.0474 current US$ per US$ of GDP | 0.0414 current US$ per US$ of GDP | 0.0518 current US$ per US$ of GDP | 10 |
| 2010s | 0.0465 current US$ per US$ of GDP | 0.0371 current US$ per US$ of GDP | 0.0634 current US$ per US$ of GDP | 10 |
| 2020s | 0.0393 current US$ per US$ of GDP | 0.0391 current US$ per US$ of GDP | 0.0395 current US$ per US$ of GDP | 2 |
Countries ranked near Latvia
- 87 Slovakia 0.0394 current US$ per US$ of GDP compare
- 88 Spain 0.0393 current US$ per US$ of GDP compare
- 89 Mongolia 0.0391 current US$ per US$ of GDP compare
- 91 Malta 0.0386 current US$ per US$ of GDP compare
- 92 Fiji 0.0385 current US$ per US$ of GDP compare
- 93 Algeria 0.0382 current US$ per US$ of GDP compare
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 savings: education expenditure (current us$), per unit of gdp in Latvia?
- Adjusted savings: education expenditure (current us$), per unit of gdp in Latvia was 0.0391 current US$ per US$ of GDP in 2021, according to Statizoid (derived).
- What is the highest adjusted savings: education expenditure (current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.0634 current US$ per US$ of GDP in 1995.
- What is the lowest adjusted savings: education expenditure (current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.0371 current US$ per US$ of GDP in 2018.
- How does Latvia rank for adjusted savings: education expenditure (current us$), per unit of gdp?
- Latvia ranks 90th out of 194 countries with data for 2021.
- Is adjusted savings: education expenditure (current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 15.1%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Adjusted savings: education expenditure (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Adjusted savings: education expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Adjusted savings: education expenditure (current US$) ÷ GDP (current US$)
Computed from
- Adjusted savings: education expenditure Staff estimates, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Adjusted savings: education expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.