Foreign direct investment (FDI) inflows in Latvia
Latvia: Foreign direct investment (FDI) inflows was 1,211 in 2024. ◆ Volatile
Foreign direct investment (FDI) inflows in Latvia, 1992–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, foreign direct investment (fdi) inflows in Latvia stood at 1,211.
That represents a change of down 11.8% on the previous year and up 35.1% over ten years.
Over the whole period, foreign direct investment (fdi) inflows in Latvia peaked at 3,335 in 2021 and was at its lowest, -22.23, in 2009.
That places Latvia 101st out of 222 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 31.5 | — |
| 1993 | 44.12 | +40.1% |
| 1994 | 212.63 | +382.0% |
| 1995 | 178.29 | -16.1% |
| 1996 | 382.36 | +114.5% |
| 1997 | 522.34 | +36.6% |
| 1998 | 355.83 | -31.9% |
| 1999 | 346.45 | -2.6% |
| 2000 | 328.34 | -5.2% |
| 2001 | 105.18 | -68.0% |
| 2002 | 209.87 | +99.5% |
| 2003 | 279.9 | +33.4% |
| 2004 | 607.18 | +116.9% |
| 2005 | 706.36 | +16.3% |
| 2006 | 1,663 | +135.5% |
| 2007 | 2,324 | +39.7% |
| 2008 | 1,264 | -45.6% |
| 2009 | -22.23 | -101.8% |
| 2010 | 419.84 | -1988.9% |
| 2011 | 1,468 | +249.6% |
| 2012 | 1,111 | -24.3% |
| 2013 | 901.79 | -18.9% |
| 2014 | 896.74 | -0.6% |
| 2015 | 738.93 | -17.6% |
| 2016 | 254.59 | -65.5% |
| 2017 | 742.2 | +191.5% |
| 2018 | 960.12 | +29.4% |
| 2019 | 925.81 | -3.6% |
| 2020 | 993.71 | +7.3% |
| 2021 | 3,335 | +235.6% |
| 2022 | 1,468 | -56.0% |
| 2023 | 1,373 | -6.5% |
| 2024 | 1,211 | -11.8% |
Latvia compared with similar countries
- Latvia's 1,211 is below the median for high income countries, which is 3,309, 37% of the median. (68 countries reporting)
- Latvia's 1,211 is below the median for Europe & Central Asia, which is 2,342, 52% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Foreign direct investment (FDI) inflows in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1988.9% | -22.23 | 419.84 |
| 1994 | +382.0% | 44.12 | 212.63 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 259.19 | 31.5 | 522.34 | 8 |
| 2000s | 746.62 | -22.23 | 2,324 | 10 |
| 2010s | 841.94 | 254.59 | 1,468 | 10 |
| 2020s | 1,676 | 993.71 | 3,335 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is foreign direct investment (fdi) inflows in Latvia?
- Foreign direct investment (fdi) inflows in Latvia was 1,211 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest foreign direct investment (fdi) inflows recorded in Latvia?
- The highest recorded value was 3,335 in 2021.
- What is the lowest foreign direct investment (fdi) inflows recorded in Latvia?
- The lowest recorded value was -22.23 in 2009.
- How does Latvia rank for foreign direct investment (fdi) inflows?
- Latvia ranks 101st out of 222 countries with data for 2024.
- Is foreign direct investment (fdi) inflows rising or falling in Latvia?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Foreign direct investment (FDI) inflows (millions of United States dollars). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under UN SDG Global Database (open, attribution requested).