GNI growth in Latvia
Latvia: GNI growth was 1.0% in 2024. ◆ Volatile
GNI growth in Latvia, 1996–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2024, gni growth in Latvia stood at 1.0%.
Compared with earlier readings it is up 0.7% on the previous year and down 49.0% over ten years.
Over the whole period, gni growth in Latvia peaked at 13.4% in 2007 and was at its lowest, -10.0%, in 2010.
Latvia ranks 128th of 163 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GNI growth in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1996 | 0.8% | — |
| 1997 | 6.2% | +640.1% |
| 1998 | 8.2% | +31.2% |
| 1999 | 3.3% | -60.0% |
| 2000 | 4.6% | +40.4% |
| 2001 | 7.3% | +58.1% |
| 2002 | 6.7% | -8.3% |
| 2003 | 8.1% | +21.4% |
| 2004 | 7.2% | -11.1% |
| 2005 | 11.9% | +65.8% |
| 2006 | 10.6% | -11.2% |
| 2007 | 13.4% | +26.1% |
| 2008 | -2.2% | -116.5% |
| 2009 | -9.0% | +306.0% |
| 2010 | -10.0% | +11.1% |
| 2011 | 2.6% | -125.7% |
| 2012 | 4.8% | +89.1% |
| 2013 | 3.1% | -35.0% |
| 2014 | 2.0% | -37.7% |
| 2015 | 3.7% | +89.3% |
| 2016 | 4.8% | +29.7% |
| 2017 | 3.3% | -31.0% |
| 2018 | 4.0% | +19.8% |
| 2019 | 2.8% | -29.5% |
| 2020 | -0.9% | -133.6% |
| 2021 | 3.7% | -492.0% |
| 2022 | -0.4% | -111.3% |
| 2023 | 1.0% | -338.1% |
| 2024 | 1.0% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.6% | 0.8% | 8.2% | 4 |
| 2000s | 5.9% | -9.0% | 13.4% | 10 |
| 2010s | 2.1% | -10.0% | 4.8% | 10 |
| 2020s | 0.9% | -0.9% | 3.7% | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9914 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 26,086 current US$ per person (2025)
- GNI (current LCU), annual growth rate 7.93 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8773 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 23,085 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 8.34 % change on previous year (2024)
Frequently asked questions
- What is gni growth in Latvia?
- Gni growth in Latvia was 1.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in Latvia?
- The highest recorded value was 13.4% in 2007.
- What is the lowest gni growth recorded in Latvia?
- The lowest recorded value was -10.0% in 2010.
- How does Latvia rank for gni growth?
- Latvia ranks 128th out of 163 countries with data for 2024.
- Is gni growth rising or falling in Latvia?
- Over the last ten years it is down 49.0%. The long-run trend across the full record is volatile.
- 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 growth (annual %). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.