Subnational government climate finance — Climate significant in Latvia
Latvia: Subnational government climate finance — Climate significant was 3.31 Percentage of GDP in 2023. ▲ Rising
Subnational government climate finance — Climate significant in Latvia, 2001–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for subnational government climate finance — climate significant in Latvia is 3.31 Percentage of GDP, measured in 2023.
The figure is down 31.7% on the previous year and up 4.0% over ten years.
Over the whole period, subnational government climate finance — climate significant in Latvia peaked at 4.85 Percentage of GDP in 2022 and was at its lowest, 1.92 Percentage of GDP, in 2019.
Latvia ranks 2nd of 31 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Subnational government climate finance — Climate significant in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 2.42 Percentage of GDP | — |
| 2002 | 2.73 Percentage of GDP | +12.7% |
| 2003 | 2.21 Percentage of GDP | -18.9% |
| 2004 | 2.28 Percentage of GDP | +3.2% |
| 2005 | 2.39 Percentage of GDP | +4.6% |
| 2006 | 2.27 Percentage of GDP | -4.9% |
| 2007 | 2.21 Percentage of GDP | -2.7% |
| 2008 | 2.64 Percentage of GDP | +19.6% |
| 2009 | 3.43 Percentage of GDP | +30.0% |
| 2010 | 3.65 Percentage of GDP | +6.2% |
| 2011 | 2.82 Percentage of GDP | -22.7% |
| 2012 | 3.58 Percentage of GDP | +27.2% |
| 2013 | 3.18 Percentage of GDP | -11.1% |
| 2014 | 3.89 Percentage of GDP | +22.1% |
| 2015 | 3.81 Percentage of GDP | -1.9% |
| 2016 | 2.1 Percentage of GDP | -44.9% |
| 2017 | 2.34 Percentage of GDP | +11.2% |
| 2018 | 2.14 Percentage of GDP | -8.3% |
| 2019 | 1.92 Percentage of GDP | -10.3% |
| 2020 | 2.72 Percentage of GDP | +41.4% |
| 2021 | 2.85 Percentage of GDP | +4.7% |
| 2022 | 4.85 Percentage of GDP | +70.5% |
| 2023 | 3.31 Percentage of GDP | -31.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.51 Percentage of GDP | 2.21 Percentage of GDP | 3.43 Percentage of GDP | 9 |
| 2010s | 2.94 Percentage of GDP | 1.92 Percentage of GDP | 3.89 Percentage of GDP | 10 |
| 2020s | 3.43 Percentage of GDP | 2.72 Percentage of GDP | 4.85 Percentage of GDP | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Latvia?
- Subnational government climate finance — climate significant in Latvia was 3.31 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government climate finance — climate significant recorded in Latvia?
- The highest recorded value was 4.85 Percentage of GDP in 2022.
- What is the lowest subnational government climate finance — climate significant recorded in Latvia?
- The lowest recorded value was 1.92 Percentage of GDP in 2019.
- How does Latvia rank for subnational government climate finance — climate significant?
- Latvia ranks 2nd out of 31 countries with data for 2023.
- Is subnational government climate finance — climate significant rising or falling in Latvia?
- Over the last ten years it is up 4.0%. 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 Subnational government climate finance — Climate significant expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure