Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Latvia
Latvia: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 136 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
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 46th out of 52 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 Rev. 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% |
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
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (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 46th out of 52 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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