Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Latvia
Latvia: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 146.34 Million euro in 2024. ◆ Volatile
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Latvia, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, business enterprise r&d expenditure in high-tech sectors by nace rev. in Latvia stood at 146.34 Million euro. That is the highest value across all 20 years on record.
The figure is up 23.9% on the previous year and up 153.2% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Latvia peaked at 146.34 Million euro in 2024 and was at its lowest, 27 Million euro, in 2016.
That places Latvia 47th out of 54 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 29.61 Million euro | — |
| 2006 | 56.59 Million euro | +91.1% |
| 2007 | 40.89 Million euro | -27.8% |
| 2008 | 35.44 Million euro | -13.3% |
| 2009 | 30.89 Million euro | -12.8% |
| 2010 | 40.21 Million euro | +30.2% |
| 2011 | 39.08 Million euro | -2.8% |
| 2012 | 33.1 Million euro | -15.3% |
| 2013 | 39.47 Million euro | +19.3% |
| 2014 | 57.8 Million euro | +46.4% |
| 2015 | 37.6 Million euro | -34.9% |
| 2016 | 27 Million euro | -28.2% |
| 2017 | 37.5 Million euro | +38.9% |
| 2018 | 46.3 Million euro | +23.5% |
| 2019 | 51.3 Million euro | +10.8% |
| 2020 | 77.32 Million euro | +50.7% |
| 2021 | 92.79 Million euro | +20.0% |
| 2022 | 105.9 Million euro | +14.1% |
| 2023 | 118.11 Million euro | +11.5% |
| 2024 | 146.34 Million euro | +23.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.68 Million euro | 29.61 Million euro | 56.59 Million euro | 5 |
| 2010s | 40.94 Million euro | 27 Million euro | 57.8 Million euro | 10 |
| 2020s | 108.09 Million euro | 77.32 Million euro | 146.34 Million euro | 5 |
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Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Latvia?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Latvia was 146.34 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Latvia?
- The highest recorded value was 146.34 Million euro in 2024.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Latvia?
- The lowest recorded value was 27 Million euro in 2016.
- How does Latvia rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Latvia ranks 47th out of 54 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Latvia?
- Over the last ten years it is up 153.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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