GNI (constant LCU), per unit of GDP in Latvia
Latvia: GNI (constant LCU), per unit of GDP was 0.6947 constant LCU per US$ of GDP in 2024. ▼ Falling
GNI (constant LCU), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, gni (constant lcu), per unit of gdp in Latvia stood at 0.6947 constant LCU per US$ of GDP. That is the lowest value across all 30 years on record.
That represents a change of down 2.5% on the previous year and down 14.2% over ten years.
Over the whole period, gni (constant lcu), per unit of gdp in Latvia peaked at 1.99 constant LCU per US$ of GDP in 1995 and was at its lowest, 0.6947 constant LCU per US$ of GDP, in 2024.
That places Latvia 146th out of 170 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
GNI (constant LCU), per unit of GDP in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.99 constant LCU per US$ of GDP | — |
| 1996 | 1.96 constant LCU per US$ of GDP | -1.5% |
| 1997 | 1.9 constant LCU per US$ of GDP | -3.4% |
| 1998 | 1.88 constant LCU per US$ of GDP | -1.0% |
| 1999 | 1.84 constant LCU per US$ of GDP | -2.1% |
| 2000 | 1.81 constant LCU per US$ of GDP | -1.4% |
| 2001 | 1.85 constant LCU per US$ of GDP | +2.0% |
| 2002 | 1.74 constant LCU per US$ of GDP | -5.8% |
| 2003 | 1.55 constant LCU per US$ of GDP | -11.1% |
| 2004 | 1.35 constant LCU per US$ of GDP | -12.4% |
| 2005 | 1.29 constant LCU per US$ of GDP | -4.8% |
| 2006 | 1.14 constant LCU per US$ of GDP | -11.4% |
| 2007 | 0.9033 constant LCU per US$ of GDP | -20.9% |
| 2008 | 0.7626 constant LCU per US$ of GDP | -15.6% |
| 2009 | 0.9248 constant LCU per US$ of GDP | +21.3% |
| 2010 | 0.9183 constant LCU per US$ of GDP | -0.7% |
| 2011 | 0.8397 constant LCU per US$ of GDP | -8.6% |
| 2012 | 0.861 constant LCU per US$ of GDP | +2.5% |
| 2013 | 0.825 constant LCU per US$ of GDP | -4.2% |
| 2014 | 0.8098 constant LCU per US$ of GDP | -1.8% |
| 2015 | 0.9634 constant LCU per US$ of GDP | +19.0% |
| 2016 | 0.9819 constant LCU per US$ of GDP | +1.9% |
| 2017 | 0.938 constant LCU per US$ of GDP | -4.5% |
| 2018 | 0.8629 constant LCU per US$ of GDP | -8.0% |
| 2019 | 0.8916 constant LCU per US$ of GDP | +3.3% |
| 2020 | 0.8759 constant LCU per US$ of GDP | -1.8% |
| 2021 | 0.794 constant LCU per US$ of GDP | -9.3% |
| 2022 | 0.7949 constant LCU per US$ of GDP | +0.1% |
| 2023 | 0.7128 constant LCU per US$ of GDP | -10.3% |
| 2024 | 0.6947 constant LCU per US$ of GDP | -2.5% |
Latvia compared with similar countries
- Latvia's 0.6947 constant LCU per US$ of GDP is below the median for high income countries, which is 0.8306 constant LCU per US$ of GDP, 84% of the median. (60 countries reporting)
- Latvia's 0.6947 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.7817 constant LCU per US$ of GDP, 89% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.91 constant LCU per US$ of GDP | 1.84 constant LCU per US$ of GDP | 1.99 constant LCU per US$ of GDP | 5 |
| 2000s | 1.33 constant LCU per US$ of GDP | 0.7626 constant LCU per US$ of GDP | 1.85 constant LCU per US$ of GDP | 10 |
| 2010s | 0.8891 constant LCU per US$ of GDP | 0.8098 constant LCU per US$ of GDP | 0.9819 constant LCU per US$ of GDP | 10 |
| 2020s | 0.7745 constant LCU per US$ of GDP | 0.6947 constant LCU per US$ of GDP | 0.8759 constant LCU per US$ of GDP | 5 |
Countries ranked near Latvia
- 143 Germany 0.7396 constant LCU per US$ of GDP compare
- 144 Slovenia 0.7297 constant LCU per US$ of GDP compare
- 145 Portugal 0.7083 constant LCU per US$ of GDP compare
- 147 Netherlands 0.687 constant LCU per US$ of GDP compare
- 148 Slovakia 0.6862 constant LCU per US$ of GDP compare
- 149 Estonia 0.6716 constant LCU per US$ of GDP compare
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 gni (constant lcu), per unit of gdp in Latvia?
- Gni (constant lcu), per unit of gdp in Latvia was 0.6947 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gni (constant lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 1.99 constant LCU per US$ of GDP in 1995.
- What is the lowest gni (constant lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.6947 constant LCU per US$ of GDP in 2024.
- How does Latvia rank for gni (constant lcu), per unit of gdp?
- Latvia ranks 146th out of 170 countries with data for 2024.
- Is gni (constant lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GNI (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
GNI (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI (constant LCU) ÷ GDP (current US$)
Computed from
- GNI Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GNI (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.