Gross National Income — Value US$ in Latvia
Latvia: Gross National Income — Value US$ was 41,246 million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Latvia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Latvia recorded 41,246 million USD for gross national income — value us$ in 2023. That is the highest value across all 33 years on record.
That represents a change of up 10.4% on the previous year and up 41.8% over ten years.
Over the whole period, gross national income — value us$ in Latvia peaked at 41,246 million USD in 2023 and was at its lowest, 4,970 million USD, in 1993.
Latvia ranks 95th of 203 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 US$ in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 8,698 million USD | — |
| 1992 | 5,714 million USD | -34.3% |
| 1993 | 4,970 million USD | -13.0% |
| 1994 | 5,104 million USD | +2.7% |
| 1995 | 5,278 million USD | +3.4% |
| 1996 | 5,837 million USD | +10.6% |
| 1997 | 6,398 million USD | +9.6% |
| 1998 | 7,021 million USD | +9.7% |
| 1999 | 7,252 million USD | +3.3% |
| 2000 | 7,752 million USD | +6.9% |
| 2001 | 8,216 million USD | +6.0% |
| 2002 | 9,265 million USD | +12.8% |
| 2003 | 11,187 million USD | +20.7% |
| 2004 | 13,530 million USD | +20.9% |
| 2005 | 16,131 million USD | +19.2% |
| 2006 | 19,896 million USD | +23.3% |
| 2007 | 28,500 million USD | +43.2% |
| 2008 | 33,678 million USD | +18.2% |
| 2009 | 27,534 million USD | -18.2% |
| 2010 | 23,716 million USD | -13.9% |
| 2011 | 26,776 million USD | +12.9% |
| 2012 | 26,924 million USD | +0.6% |
| 2013 | 29,080 million USD | +8.0% |
| 2014 | 30,314 million USD | +4.2% |
| 2015 | 26,210 million USD | -13.5% |
| 2016 | 27,079 million USD | +3.3% |
| 2017 | 29,307 million USD | +8.2% |
| 2018 | 32,699 million USD | +11.6% |
| 2019 | 32,632 million USD | -0.2% |
| 2020 | 33,395 million USD | +2.3% |
| 2021 | 37,470 million USD | +12.2% |
| 2022 | 37,352 million USD | -0.3% |
| 2023 | 41,246 million USD | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6,253 million USD | 4,970 million USD | 8,698 million USD | 9 |
| 2000s | 17,569 million USD | 7,752 million USD | 33,678 million USD | 10 |
| 2010s | 28,474 million USD | 23,716 million USD | 32,699 million USD | 10 |
| 2020s | 37,366 million USD | 33,395 million USD | 41,246 million USD | 4 |
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$), annual 8.34 % change on previous year (2024)
Frequently asked questions
- What is gross national income — value us$ in Latvia?
- Gross national income — value us$ in Latvia was 41,246 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Latvia?
- The highest recorded value was 41,246 million USD in 2023.
- What is the lowest gross national income — value us$ recorded in Latvia?
- The lowest recorded value was 4,970 million USD in 1993.
- How does Latvia rank for gross national income — value us$?
- Latvia ranks 95th out of 203 countries with data for 2023.
- Is gross national income — value us$ rising or falling in Latvia?
- Over the last ten years it is up 41.8%. 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 US$. Statizoid updates them automatically from the source API.
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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).