Subnational government climate finance — Climate significant in Latvia
Latvia: Subnational government climate finance — Climate significant was 1.09 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
Latvia recorded 1.09 Percentage of GDP for subnational government climate finance — climate significant in 2023.
Compared with earlier readings it is down 37.2% on the previous year and up 46.4% over ten years.
Over the whole period, subnational government climate finance — climate significant in Latvia peaked at 1.73 Percentage of GDP in 2022 and was at its lowest, 0.266 Percentage of GDP, in 2002.
That places Latvia 3rd out of 31 countries with data for 2023, putting it 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 | 0.279 Percentage of GDP | — |
| 2002 | 0.266 Percentage of GDP | -4.7% |
| 2003 | 0.466 Percentage of GDP | +75.2% |
| 2004 | 0.667 Percentage of GDP | +43.1% |
| 2005 | 0.502 Percentage of GDP | -24.7% |
| 2006 | 0.615 Percentage of GDP | +22.5% |
| 2007 | 0.657 Percentage of GDP | +6.8% |
| 2008 | 0.684 Percentage of GDP | +4.1% |
| 2009 | 0.892 Percentage of GDP | +30.4% |
| 2010 | 0.908 Percentage of GDP | +1.8% |
| 2011 | 0.757 Percentage of GDP | -16.6% |
| 2012 | 0.975 Percentage of GDP | +28.8% |
| 2013 | 0.743 Percentage of GDP | -23.8% |
| 2014 | 0.855 Percentage of GDP | +15.1% |
| 2015 | 0.928 Percentage of GDP | +8.5% |
| 2016 | 0.285 Percentage of GDP | -69.3% |
| 2017 | 0.389 Percentage of GDP | +36.5% |
| 2018 | 0.428 Percentage of GDP | +10.0% |
| 2019 | 0.424 Percentage of GDP | -0.9% |
| 2020 | 0.589 Percentage of GDP | +38.9% |
| 2021 | 0.722 Percentage of GDP | +22.6% |
| 2022 | 1.73 Percentage of GDP | +139.9% |
| 2023 | 1.09 Percentage of GDP | -37.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5587 Percentage of GDP | 0.266 Percentage of GDP | 0.892 Percentage of GDP | 9 |
| 2010s | 0.6692 Percentage of GDP | 0.285 Percentage of GDP | 0.975 Percentage of GDP | 10 |
| 2020s | 1.03 Percentage of GDP | 0.589 Percentage of GDP | 1.73 Percentage of GDP | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Exports of goods and services (current LCU), annual growth rate 2.1 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.5538 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 14,570 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.074 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4394 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,562 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 16.57 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2347 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 6,175 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 0.2077 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Latvia?
- Subnational government climate finance — climate significant in Latvia was 1.09 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 1.73 Percentage of GDP in 2022.
- What is the lowest subnational government climate finance — climate significant recorded in Latvia?
- The lowest recorded value was 0.266 Percentage of GDP in 2002.
- How does Latvia rank for subnational government climate finance — climate significant?
- Latvia ranks 3rd 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 46.4%. 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 investment. 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