Foreign direct investment (FDI) inflows (millions of United States) in Latvia
Latvia: Foreign direct investment (FDI) inflows (millions of United States) was 1,211 million current US$ in 2024. ◆ Volatile
Foreign direct investment (FDI) inflows in Latvia, 1992–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in million current US$.
Analysis
In 2024, foreign direct investment (fdi) inflows in Latvia stood at 1,211 million current US$.
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 million current US$ in 2021 and was at its lowest, -22.23 million current US$, in 2009.
That places Latvia 102nd out of 224 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows (millions of United States) in Latvia, year by year
| Year | million current US$ | Change |
|---|---|---|
| 1992 | 31.5 million current US$ | — |
| 1993 | 44.12 million current US$ | +40.1% |
| 1994 | 212.63 million current US$ | +382.0% |
| 1995 | 178.29 million current US$ | -16.1% |
| 1996 | 382.36 million current US$ | +114.5% |
| 1997 | 522.34 million current US$ | +36.6% |
| 1998 | 355.83 million current US$ | -31.9% |
| 1999 | 346.45 million current US$ | -2.6% |
| 2000 | 328.34 million current US$ | -5.2% |
| 2001 | 105.18 million current US$ | -68.0% |
| 2002 | 209.87 million current US$ | +99.5% |
| 2003 | 279.9 million current US$ | +33.4% |
| 2004 | 607.18 million current US$ | +116.9% |
| 2005 | 706.36 million current US$ | +16.3% |
| 2006 | 1,663 million current US$ | +135.5% |
| 2007 | 2,324 million current US$ | +39.7% |
| 2008 | 1,264 million current US$ | -45.6% |
| 2009 | -22.23 million current US$ | -101.8% |
| 2010 | 419.84 million current US$ | -1988.9% |
| 2011 | 1,468 million current US$ | +249.6% |
| 2012 | 1,111 million current US$ | -24.3% |
| 2013 | 901.79 million current US$ | -18.9% |
| 2014 | 896.74 million current US$ | -0.6% |
| 2015 | 738.93 million current US$ | -17.6% |
| 2016 | 254.59 million current US$ | -65.5% |
| 2017 | 742.2 million current US$ | +191.5% |
| 2018 | 960.12 million current US$ | +29.4% |
| 2019 | 925.81 million current US$ | -3.6% |
| 2020 | 993.71 million current US$ | +7.3% |
| 2021 | 3,335 million current US$ | +235.6% |
| 2022 | 1,468 million current US$ | -56.0% |
| 2023 | 1,373 million current US$ | -6.5% |
| 2024 | 1,211 million current US$ | -11.8% |
Latvia compared with similar countries
- Latvia's 1,211 million current US$ is below the median for high income countries, which is 3,309 million current US$, 37% of the median. (68 countries reporting)
- Latvia's 1,211 million current US$ is below the median for Europe & Central Asia, which is 2,342 million current US$, 52% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Foreign direct investment (FDI) inflows (millions of United States) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1988.9% | -22.23 million current US$ | 419.84 million current US$ |
| 1994 | +382.0% | 44.12 million current US$ | 212.63 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 259.19 million current US$ | 31.5 million current US$ | 522.34 million current US$ | 8 |
| 2000s | 746.62 million current US$ | -22.23 million current US$ | 2,324 million current US$ | 10 |
| 2010s | 841.94 million current US$ | 254.59 million current US$ | 1,468 million current US$ | 10 |
| 2020s | 1,676 million current US$ | 993.71 million current US$ | 3,335 million current US$ | 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 foreign direct investment (fdi) inflows in Latvia?
- Foreign direct investment (fdi) inflows in Latvia was 1,211 million current US$ 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 million current US$ in 2021.
- What is the lowest foreign direct investment (fdi) inflows recorded in Latvia?
- The lowest recorded value was -22.23 million current US$ in 2009.
- How does Latvia rank for foreign direct investment (fdi) inflows?
- Latvia ranks 102nd out of 224 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.
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