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 136 Million euro in 2024. ◆ Volatile
Latest (2024)
136 Million euro
Change on year
up 15.1%
World rank
48th
of 54 countries
All-time high
136 Million euro
in 2024
All-time low
27 Million euro
in 2016
Years of data
20
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Latvia, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
Latvia recorded 136 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024. That is the highest value across all 20 years on record.
That represents a change of up 15.1% on the previous year and up 135.3% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Latvia peaked at 136 Million euro in 2024 and was at its lowest, 27 Million euro, in 2016.
That places Latvia 48th 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 | 136 Million euro | +15.1% |
Latvia compared with similar countries
- Latvia's 136 Million euro is below the median for Europe & Central Asia, which is 3,162 Million euro, 4% of the median. (35 countries reporting)
- Latvia's 136 Million euro is below the median for high income countries, which is 6,039 Million euro, 2% of the median. (35 countries reporting)
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 | 106.02 Million euro | 77.32 Million euro | 136 Million euro | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
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 136 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 136 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 48th 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 135.3%. 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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