Foreign direct investment, net inflows, as a proportion of GDP (%) in Latvia
Latvia: Foreign direct investment, net inflows, as a proportion of GDP (%) was 3.5% in 2024. ◆ Volatile
Foreign direct investment, net inflows, as a proportion of GDP in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, foreign direct investment, net inflows, as a proportion of gdp in Latvia stood at 3.5%.
Compared with earlier readings it is down 12.2% on the previous year and up 0.4% over ten years.
Over the whole period, foreign direct investment, net inflows, as a proportion of gdp in Latvia peaked at 9.8% in 2021 and was at its lowest, -0.6%, in 2009.
Latvia ranks 76th of 214 countries on this measure, 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, net inflows, as a proportion of GDP (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.2% | — |
| 2001 | 2.1% | -49.3% |
| 2002 | 1.7% | -18.3% |
| 2003 | 2.8% | +62.7% |
| 2004 | 4.3% | +51.9% |
| 2005 | 5.0% | +16.1% |
| 2006 | 8.3% | +68.1% |
| 2007 | 9.2% | +10.5% |
| 2008 | 4.2% | -54.4% |
| 2009 | -0.6% | -113.9% |
| 2010 | 2.0% | -446.6% |
| 2011 | 5.7% | +182.5% |
| 2012 | 4.0% | -30.3% |
| 2013 | 3.4% | -14.9% |
| 2014 | 3.5% | +1.7% |
| 2015 | 3.1% | -10.6% |
| 2016 | 1.2% | -59.9% |
| 2017 | 4.0% | +227.3% |
| 2018 | 1.3% | -67.4% |
| 2019 | 3.4% | +155.2% |
| 2020 | 2.8% | -16.5% |
| 2021 | 9.8% | +247.5% |
| 2022 | 3.2% | -67.2% |
| 2023 | 3.9% | +23.3% |
| 2024 | 3.5% | -12.2% |
Latvia compared with similar countries
- Latvia's 3.5% is above the median for high income countries, which is 2.6%, 1.4× the median. (69 countries reporting)
- Latvia's 3.5% is above the median for Europe & Central Asia, which is 2.6%, 1.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.1% | -0.6% | 9.2% | 10 |
| 2010s | 3.2% | 1.2% | 5.7% | 10 |
| 2020s | 4.6% | 2.8% | 9.8% | 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, net inflows, as a proportion of gdp in Latvia?
- Foreign direct investment, net inflows, as a proportion of gdp in Latvia was 3.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest foreign direct investment, net inflows, as a proportion of gdp recorded in Latvia?
- The highest recorded value was 9.8% in 2021.
- What is the lowest foreign direct investment, net inflows, as a proportion of gdp recorded in Latvia?
- The lowest recorded value was -0.6% in 2009.
- How does Latvia rank for foreign direct investment, net inflows, as a proportion of gdp?
- Latvia ranks 76th out of 214 countries with data for 2024.
- Is foreign direct investment, net inflows, as a proportion of gdp rising or falling in Latvia?
- Over the last ten years it is up 0.4%. 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, net inflows, as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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