Gross National Income — Value Standard Local Currency in Latvia
Latvia: Gross National Income — Value Standard Local Currency was 38,146 million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Latvia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, gross national income — value standard local currency in Latvia stood at 38,146 million SLC. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 74.1% over ten years.
Over the whole period, gross national income — value standard local currency in Latvia peaked at 38,146 million SLC in 2023 and was at its lowest, 225.38 million SLC, in 1991.
Latvia ranks 151st of 202 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.
Gross National Income — Value Standard Local Currency in Latvia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 225.38 million SLC | — |
| 1992 | 1,558 million SLC | +591.2% |
| 1993 | 2,270 million SLC | +45.7% |
| 1994 | 3,158 million SLC | +39.1% |
| 1995 | 3,962 million SLC | +25.5% |
| 1996 | 4,574 million SLC | +15.5% |
| 1997 | 5,289 million SLC | +15.6% |
| 1998 | 5,893 million SLC | +11.4% |
| 1999 | 6,039 million SLC | +2.5% |
| 2000 | 6,689 million SLC | +10.8% |
| 2001 | 7,340 million SLC | +9.7% |
| 2002 | 8,150 million SLC | +11.0% |
| 2003 | 9,096 million SLC | +11.6% |
| 2004 | 10,400 million SLC | +14.3% |
| 2005 | 12,961 million SLC | +24.6% |
| 2006 | 15,865 million SLC | +22.4% |
| 2007 | 20,835 million SLC | +31.3% |
| 2008 | 23,041 million SLC | +10.6% |
| 2009 | 19,806 million SLC | -14.0% |
| 2010 | 17,901 million SLC | -9.6% |
| 2011 | 19,096 million SLC | +6.7% |
| 2012 | 20,951 million SLC | +9.7% |
| 2013 | 21,905 million SLC | +4.6% |
| 2014 | 22,818 million SLC | +4.2% |
| 2015 | 23,623 million SLC | +3.5% |
| 2016 | 24,464 million SLC | +3.6% |
| 2017 | 25,943 million SLC | +6.0% |
| 2018 | 27,689 million SLC | +6.7% |
| 2019 | 29,149 million SLC | +5.3% |
| 2020 | 29,237 million SLC | +0.3% |
| 2021 | 31,681 million SLC | +8.4% |
| 2022 | 35,470 million SLC | +12.0% |
| 2023 | 38,146 million SLC | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,663 million SLC | 225.38 million SLC | 6,039 million SLC | 9 |
| 2000s | 13,418 million SLC | 6,689 million SLC | 23,041 million SLC | 10 |
| 2010s | 23,354 million SLC | 17,901 million SLC | 29,149 million SLC | 10 |
| 2020s | 33,634 million SLC | 29,237 million SLC | 38,146 million SLC | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5685 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 14,960 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.64 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4253 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 11,190 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Latvia?
- Gross national income — value standard local currency in Latvia was 38,146 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Latvia?
- The highest recorded value was 38,146 million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Latvia?
- The lowest recorded value was 225.38 million SLC in 1991.
- How does Latvia rank for gross national income — value standard local currency?
- Latvia ranks 151st out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Latvia?
- Over the last ten years it is up 74.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross National Income — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).