Adjusted savings: education expenditure in Latvia
Latvia: Adjusted savings: education expenditure was 3.8% in 2021. ▲ Rising
Adjusted savings: education expenditure in Latvia, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Latvia recorded 3.8% for adjusted savings: education expenditure in 2021.
The figure is down 14.4% over ten years.
Over the whole period, adjusted savings: education expenditure in Latvia peaked at 6.1% in 2013 and was at its lowest, 3.0%, in 1989.
That places Latvia 108th out of 200 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Latvia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 3.2% | — |
| 1971 | 3.2% | +0.0% |
| 1972 | 3.2% | +0.0% |
| 1973 | 3.2% | +0.0% |
| 1974 | 3.2% | +0.0% |
| 1975 | 3.2% | +0.0% |
| 1976 | 3.2% | +0.0% |
| 1977 | 3.2% | +0.0% |
| 1978 | 3.2% | +0.0% |
| 1979 | 3.2% | +0.0% |
| 1980 | 3.2% | +1.2% |
| 1981 | 3.2% | +0.0% |
| 1982 | 3.2% | +0.0% |
| 1983 | 3.2% | +0.0% |
| 1984 | 3.2% | +0.0% |
| 1985 | 3.2% | -0.0% |
| 1986 | 3.2% | +1.1% |
| 1987 | 3.2% | -0.0% |
| 1988 | 3.2% | -1.1% |
| 1989 | 3.0% | -6.3% |
| 1990 | 3.4% | +13.3% |
| 1991 | 3.8% | +11.8% |
| 1992 | 4.4% | +15.8% |
| 1993 | 6.0% | +36.4% |
| 1994 | 6.1% | +1.7% |
| 1995 | 6.1% | +0.0% |
| 1996 | 5.4% | -11.5% |
| 1997 | 5.8% | +7.4% |
| 1998 | 5.6% | -3.9% |
| 1999 | 5.4% | -3.3% |
| 2000 | 5.0% | -7.8% |
| 2001 | 5.1% | +1.7% |
| 2002 | 4.8% | -4.3% |
| 2003 | 4.6% | -4.3% |
| 2004 | 4.5% | -2.4% |
| 2005 | 4.4% | -3.5% |
| 2006 | 4.2% | -3.7% |
| 2007 | 4.0% | -3.9% |
| 2008 | 4.6% | +13.3% |
| 2009 | 4.5% | -1.5% |
| 2010 | 4.4% | -3.4% |
| 2011 | 4.5% | +2.2% |
| 2012 | 5.8% | +30.3% |
| 2013 | 6.1% | +5.6% |
| 2014 | 4.3% | -29.4% |
| 2015 | 4.5% | +3.5% |
| 2016 | 4.2% | -5.5% |
| 2017 | 3.9% | -8.3% |
| 2018 | 3.6% | -6.0% |
| 2019 | 3.8% | +4.6% |
| 2020 | 3.8% | +0.0% |
| 2021 | 3.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.2% | 3.2% | 3.2% | 10 |
| 1980s | 3.2% | 3.0% | 3.2% | 10 |
| 1990s | 5.2% | 3.4% | 6.1% | 10 |
| 2000s | 4.6% | 4.0% | 5.1% | 10 |
| 2010s | 4.5% | 3.6% | 6.1% | 10 |
| 2020s | 3.8% | 3.8% | 3.8% | 2 |
Countries ranked near Latvia
- 105 Italy 3.9% compare
- 106 Republic of Korea 3.8% compare
- 107 Bahamas 3.8% compare
- 109 San Marino 3.8% compare
- 110 Grenada 3.8% compare
- 111 Tanzania, United Republic of 3.7% compare
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 18.62 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Latvia?
- Adjusted savings: education expenditure in Latvia was 3.8% 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 6.1% in 2013.
- What is the lowest adjusted savings: education expenditure recorded in Latvia?
- The lowest recorded value was 3.0% in 1989.
- How does Latvia rank for adjusted savings: education expenditure?
- Latvia ranks 108th out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Latvia?
- Over the last ten years it is down 14.4%. 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 (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.