GNI (constant LCU) in Latvia
Latvia: GNI (constant LCU) was 30.80 billion constant LCU in 2024. ▲ Rising
GNI in Latvia, 1995–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gni in Latvia stood at 30.80 billion constant LCU. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 1.0% on the previous year and up 25.3% over ten years.
Over the whole period, gni in Latvia peaked at 30.80 billion constant LCU in 2024 and was at its lowest, 11.64 billion constant LCU, in 1995.
That places Latvia 138th out of 170 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
GNI (constant LCU) in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 11.64 billion constant LCU | — |
| 1996 | 11.74 billion constant LCU | +0.8% |
| 1997 | 12.47 billion constant LCU | +6.2% |
| 1998 | 13.49 billion constant LCU | +8.2% |
| 1999 | 13.94 billion constant LCU | +3.3% |
| 2000 | 14.58 billion constant LCU | +4.6% |
| 2001 | 15.64 billion constant LCU | +7.3% |
| 2002 | 16.68 billion constant LCU | +6.7% |
| 2003 | 18.03 billion constant LCU | +8.1% |
| 2004 | 19.32 billion constant LCU | +7.2% |
| 2005 | 21.63 billion constant LCU | +11.9% |
| 2006 | 23.92 billion constant LCU | +10.6% |
| 2007 | 27.12 billion constant LCU | +13.4% |
| 2008 | 26.52 billion constant LCU | -2.2% |
| 2009 | 24.14 billion constant LCU | -9.0% |
| 2010 | 21.74 billion constant LCU | -10.0% |
| 2011 | 22.30 billion constant LCU | +2.6% |
| 2012 | 23.38 billion constant LCU | +4.8% |
| 2013 | 24.11 billion constant LCU | +3.1% |
| 2014 | 24.58 billion constant LCU | +2.0% |
| 2015 | 25.50 billion constant LCU | +3.7% |
| 2016 | 26.72 billion constant LCU | +4.8% |
| 2017 | 27.61 billion constant LCU | +3.3% |
| 2018 | 28.71 billion constant LCU | +4.0% |
| 2019 | 29.52 billion constant LCU | +2.8% |
| 2020 | 29.24 billion constant LCU | -0.9% |
| 2021 | 30.32 billion constant LCU | +3.7% |
| 2022 | 30.19 billion constant LCU | -0.4% |
| 2023 | 30.49 billion constant LCU | +1.0% |
| 2024 | 30.80 billion constant LCU | +1.0% |
Latvia compared with similar countries
- Latvia's 30.80 billion constant LCU is below the median for high income countries, which is 532.70 billion constant LCU, 6% of the median. (60 countries reporting)
- Latvia's 30.80 billion constant LCU is below the median for Europe & Central Asia, which is 403.93 billion constant LCU, 8% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.66 billion constant LCU | 11.64 billion constant LCU | 13.94 billion constant LCU | 5 |
| 2000s | 20.76 billion constant LCU | 14.58 billion constant LCU | 27.12 billion constant LCU | 10 |
| 2010s | 25.42 billion constant LCU | 21.74 billion constant LCU | 29.52 billion constant LCU | 10 |
| 2020s | 30.21 billion constant LCU | 29.24 billion constant LCU | 30.80 billion constant LCU | 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 gni in Latvia?
- Gni in Latvia was 30.80 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni recorded in Latvia?
- The highest recorded value was 30.80 billion constant LCU in 2024.
- What is the lowest gni recorded in Latvia?
- The lowest recorded value was 11.64 billion constant LCU in 1995.
- How does Latvia rank for gni?
- Latvia ranks 138th out of 170 countries with data for 2024.
- Is gni rising or falling in Latvia?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GNI (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.