Adjusted savings: education expenditure in Latvia
Latvia: Adjusted savings: education expenditure was 1.49 billion current US$ in 2021. ▲ Rising
Adjusted savings: education expenditure in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Latvia recorded 1.49 billion current US$ for adjusted savings: education expenditure in 2021.
Compared with earlier readings it is up 13.1% on the previous year and up 22.0% over ten years.
Over the whole period, adjusted savings: education expenditure in Latvia peaked at 1.85 billion current US$ in 2013 and was at its lowest, 324.73 million current US$, in 1996.
That places Latvia 93rd out of 195 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Adjusted savings: education expenditure in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 355.71 million current US$ | — |
| 1996 | 324.73 million current US$ | -8.7% |
| 1997 | 381.44 million current US$ | +17.5% |
| 1998 | 402.02 million current US$ | +5.4% |
| 1999 | 402.32 million current US$ | +0.1% |
| 2000 | 395.30 million current US$ | -1.7% |
| 2001 | 424.11 million current US$ | +7.3% |
| 2002 | 463.13 million current US$ | +9.2% |
| 2003 | 542.61 million current US$ | +17.2% |
| 2004 | 639.36 million current US$ | +17.8% |
| 2005 | 734.16 million current US$ | +14.8% |
| 2006 | 884.00 million current US$ | +20.4% |
| 2007 | 1.22 billion current US$ | +37.7% |
| 2008 | 1.62 billion current US$ | +33.1% |
| 2009 | 1.27 billion current US$ | -21.4% |
| 2010 | 1.05 billion current US$ | -17.2% |
| 2011 | 1.22 billion current US$ | +15.9% |
| 2012 | 1.62 billion current US$ | +32.9% |
| 2013 | 1.85 billion current US$ | +13.7% |
| 2014 | 1.36 billion current US$ | -26.4% |
| 2015 | 1.22 billion current US$ | -10.7% |
| 2016 | 1.19 billion current US$ | -2.4% |
| 2017 | 1.18 billion current US$ | -0.6% |
| 2018 | 1.24 billion current US$ | +4.7% |
| 2019 | 1.29 billion current US$ | +4.5% |
| 2020 | 1.32 billion current US$ | +2.2% |
| 2021 | 1.49 billion current US$ | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 373.24 million current US$ | 324.73 million current US$ | 402.32 million current US$ | 5 |
| 2000s | 819.32 million current US$ | 395.30 million current US$ | 1.62 billion current US$ | 10 |
| 2010s | 1.32 billion current US$ | 1.05 billion current US$ | 1.85 billion current US$ | 10 |
| 2020s | 1.40 billion current US$ | 1.32 billion current US$ | 1.49 billion current US$ | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Net primary income (Net income from abroad) (current LCU), annual 8.43 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.94 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1306 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,437 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 8.19 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1156 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3,041 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
Frequently asked questions
- What is adjusted savings: education expenditure in Latvia?
- Adjusted savings: education expenditure in Latvia was 1.49 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Latvia?
- The highest recorded value was 1.85 billion current US$ in 2013.
- What is the lowest adjusted savings: education expenditure recorded in Latvia?
- The lowest recorded value was 324.73 million current US$ in 1996.
- How does Latvia rank for adjusted savings: education expenditure?
- Latvia ranks 93rd out of 195 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Latvia?
- Over the last ten years it is up 22.0%. 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 savings: education expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. 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.