R&D tax expenditure and direct government funding of BERD in Latvia
Latvia: R&D tax expenditure and direct government funding of BERD was 0.3656 Percentage of GDP in 2024. ▲ Rising
R&D tax expenditure and direct government funding of BERD in Latvia, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Latvia recorded 0.3656 Percentage of GDP for r&d tax expenditure and direct government funding of berd in 2024. That is the highest value across all 25 years on record.
The figure is up 22.6% on the previous year and up 118.1% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd in Latvia peaked at 0.3656 Percentage of GDP in 2024 and was at its lowest, 0.1476 Percentage of GDP, in 2013.
The long-run direction has been consistently rising across the 25 years of available data.
R&D tax expenditure and direct government funding of BERD in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 0.185 Percentage of GDP | — |
| 2001 | 0.2053 Percentage of GDP | +11.0% |
| 2002 | 0.1801 Percentage of GDP | -12.3% |
| 2003 | 0.2082 Percentage of GDP | +15.6% |
| 2004 | 0.1794 Percentage of GDP | -13.8% |
| 2005 | 0.1922 Percentage of GDP | +7.1% |
| 2006 | 0.2602 Percentage of GDP | +35.4% |
| 2007 | 0.2904 Percentage of GDP | +11.6% |
| 2008 | 0.2876 Percentage of GDP | -1.0% |
| 2009 | 0.2063 Percentage of GDP | -28.3% |
| 2010 | 0.163 Percentage of GDP | -21.0% |
| 2011 | 0.1556 Percentage of GDP | -4.5% |
| 2012 | 0.1544 Percentage of GDP | -0.8% |
| 2013 | 0.1476 Percentage of GDP | -4.4% |
| 2014 | 0.1676 Percentage of GDP | +13.6% |
| 2015 | 0.1963 Percentage of GDP | +17.1% |
| 2016 | 0.2147 Percentage of GDP | +9.4% |
| 2017 | 0.2306 Percentage of GDP | +7.4% |
| 2018 | 0.227 Percentage of GDP | -1.6% |
| 2019 | 0.2334 Percentage of GDP | +2.8% |
| 2020 | 0.271 Percentage of GDP | +16.1% |
| 2021 | 0.2613 Percentage of GDP | -3.6% |
| 2022 | 0.2587 Percentage of GDP | -1.0% |
| 2023 | 0.2982 Percentage of GDP | +15.3% |
| 2024 | 0.3656 Percentage of GDP | +22.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2195 Percentage of GDP | 0.1794 Percentage of GDP | 0.2904 Percentage of GDP | 10 |
| 2010s | 0.189 Percentage of GDP | 0.1476 Percentage of GDP | 0.2334 Percentage of GDP | 10 |
| 2020s | 0.291 Percentage of GDP | 0.2587 Percentage of GDP | 0.3656 Percentage of GDP | 5 |
Countries ranked near Latvia
- 9 Lithuania 0.4636 Percentage of GDP compare
- 9 Sweden 0.728 Percentage of GDP compare
- 10 OECD 0.69 Percentage of GDP compare
- 10 Türkiye 0.4005 Percentage of GDP compare
- 11 Belgium 0.6534 Percentage of GDP compare
- 12 France 0.6481 Percentage of GDP compare
- 13 Italy 0.6145 Percentage of GDP compare
- 14 Luxembourg 0.602 Percentage of GDP compare
- 15 Spain 0.5966 Percentage of GDP compare
More economy & growth data for Latvia
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- 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 r&d tax expenditure and direct government funding of berd in Latvia?
- R&d tax expenditure and direct government funding of berd in Latvia was 0.3656 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest r&d tax expenditure and direct government funding of berd recorded in Latvia?
- The highest recorded value was 0.3656 Percentage of GDP in 2024.
- What is the lowest r&d tax expenditure and direct government funding of berd recorded in Latvia?
- The lowest recorded value was 0.1476 Percentage of GDP in 2013.
- How does Latvia rank for r&d tax expenditure and direct government funding of berd?
- Latvia ranks 12th out of 12 countries with data for 2024.
- Is r&d tax expenditure and direct government funding of berd rising or falling in Latvia?
- Over the last ten years it is up 118.1%. 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 R&D tax expenditure and direct government funding of BERD — Government budget allocations for R&D (GBARD). Statizoid updates them automatically from the source API.
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About this data
The OECD R&D Tax Incentives database provides a set of indicators that reflect the level and structure of central and subnational government support for business R&D in form of R&D tax incentives and direct funding across OECD member countries and other major economies. This includes time-series indicators of tax expenditures for R&D, based on the latest OECD data collection on tax incentive support for R&D expenditures. Estimates of the cost of R&D tax support at subnational government level are reported whenever such provisions are applicable and relevant data are available. These estimates of the cost of central and subnational R&D tax relief have been combined with data on direct government funding of business expenditure on R&D (BERD), as compiled by National Statistical Offices based on reports from firms, in order to provide a more complete picture of government efforts to promote business R&D. Furthermore, these estimates are combined with data on Government budget allocations for R&D (GBARD) in the broader context of overall budgetary support for R&D activities undertaken by governments. Government budget allocations for R&D include direct funding provided to all sectors, including contributions to R&D programmes abroad. OECD (2019) provides a practical guide to using the OECD R&D Tax Incentives database, describing the R&D tax incentive time series data and highlighting their potential for internationally comparative work through descriptive indicators and econometric analysis.