Gross domestic expenditure on R&D by sector of performance and in Latvia
Latvia: Gross domestic expenditure on R&D by sector of performance and was 550.95 US dollars, PPP converted in 2022. ▲ Rising
Gross domestic expenditure on R&D by sector of performance and in Latvia, 1995–2022
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
The most recent figure for gross domestic expenditure on r&d by sector of performance and in Latvia is 550.95 US dollars, PPP converted, measured in 2022. That is the highest value across all 28 years on record.
That represents a change of up 7.4% on the previous year and up 49.5% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and in Latvia peaked at 550.95 US dollars, PPP converted in 2022 and was at its lowest, 106.48 US dollars, PPP converted, in 1996.
The long-run direction has been consistently rising across the 28 years of available data.
Gross domestic expenditure on R&D by sector of performance and in Latvia, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1995 | 113.38 US dollars, PPP converted | — |
| 1996 | 106.48 US dollars, PPP converted | -6.1% |
| 1997 | 107.05 US dollars, PPP converted | +0.5% |
| 1998 | 118.03 US dollars, PPP converted | +10.3% |
| 1999 | 112.71 US dollars, PPP converted | -4.5% |
| 2000 | 146.98 US dollars, PPP converted | +30.4% |
| 2001 | 144.25 US dollars, PPP converted | -1.9% |
| 2002 | 159.46 US dollars, PPP converted | +10.5% |
| 2003 | 154.1 US dollars, PPP converted | -3.4% |
| 2004 | 185.26 US dollars, PPP converted | +20.2% |
| 2005 | 273.23 US dollars, PPP converted | +47.5% |
| 2006 | 383.02 US dollars, PPP converted | +40.2% |
| 2007 | 360.25 US dollars, PPP converted | -5.9% |
| 2008 | 362.76 US dollars, PPP converted | +0.7% |
| 2009 | 231.66 US dollars, PPP converted | -36.1% |
| 2010 | 299.25 US dollars, PPP converted | +29.2% |
| 2011 | 368.93 US dollars, PPP converted | +23.3% |
| 2012 | 368.6 US dollars, PPP converted | -0.1% |
| 2013 | 347.11 US dollars, PPP converted | -5.8% |
| 2014 | 398.43 US dollars, PPP converted | +14.8% |
| 2015 | 371.05 US dollars, PPP converted | -6.9% |
| 2016 | 267.52 US dollars, PPP converted | -27.9% |
| 2017 | 325.35 US dollars, PPP converted | +21.6% |
| 2018 | 423.46 US dollars, PPP converted | +30.2% |
| 2019 | 425.56 US dollars, PPP converted | +0.5% |
| 2020 | 470.8 US dollars, PPP converted | +10.6% |
| 2021 | 512.95 US dollars, PPP converted | +9.0% |
| 2022 | 550.95 US dollars, PPP converted | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 111.53 US dollars, PPP converted | 106.48 US dollars, PPP converted | 118.03 US dollars, PPP converted | 5 |
| 2000s | 240.1 US dollars, PPP converted | 144.25 US dollars, PPP converted | 383.02 US dollars, PPP converted | 10 |
| 2010s | 359.53 US dollars, PPP converted | 267.52 US dollars, PPP converted | 425.56 US dollars, PPP converted | 10 |
| 2020s | 511.56 US dollars, PPP converted | 470.8 US dollars, PPP converted | 550.95 US dollars, PPP converted | 3 |
Countries ranked near Latvia
- 9 Slovenia 1,635 US dollars, PPP converted compare
- 9 Australia 26,905 US dollars, PPP converted compare
- 10 Sweden 23,001 US dollars, PPP converted compare
- 10 Lithuania 1,328 US dollars, PPP converted compare
- 11 Switzerland 22,104 US dollars, PPP converted compare
- 11 Estonia 1,030 US dollars, PPP converted compare
- 12 Austria 18,446 US dollars, PPP converted compare
- 13 Denmark 12,064 US dollars, PPP converted compare
- 14 Norway 8,279 US dollars, PPP converted compare
- 15 Finland 7,664 US dollars, PPP converted compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and in Latvia?
- Gross domestic expenditure on r&d by sector of performance and in Latvia was 550.95 US dollars, PPP converted in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and recorded in Latvia?
- The highest recorded value was 550.95 US dollars, PPP converted in 2022.
- What is the lowest gross domestic expenditure on r&d by sector of performance and recorded in Latvia?
- The lowest recorded value was 106.48 US dollars, PPP converted in 1996.
- How does Latvia rank for gross domestic expenditure on r&d by sector of performance and?
- Latvia ranks 12th out of 12 countries with data for 2022.
- Is gross domestic expenditure on r&d by sector of performance and rising or falling in Latvia?
- Over the last ten years it is up 49.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Gross domestic expenditure on R&D by sector of performance and socio-economic objectives — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table contains data on Gross domestic expenditure on R&D (GERD) by socio-economic objective (SEO), using the NABS 2007 classification i.e.: Exploration and exploitation of the Earth, Environment, Exploration and exploitation of space, Transport, telecommunication and other infrastructures, Energy, Industrial production and technology, Health, Agriculture, Education, Culture, recreation, religion and mass media, Political and social systems, structures and processes, General advancement of knowledge, and Defence.