Subnational government investment — Direct investment in Latvia
Latvia: Subnational government investment — Direct investment was 6.68 Percentage of GDP in 2024. ▲ Rising
Subnational government investment — Direct investment in Latvia, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, subnational government investment — direct investment in Latvia stood at 6.68 Percentage of GDP.
Compared with earlier readings it is up 15.7% on the previous year and up 38.2% over ten years.
Over the whole period, subnational government investment — direct investment in Latvia peaked at 6.87 Percentage of GDP in 2007 and was at its lowest, 1.62 Percentage of GDP, in 2001.
That places Latvia 2nd out of 36 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Subnational government investment — Direct investment in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 1.84 Percentage of GDP | — |
| 2001 | 1.62 Percentage of GDP | -12.0% |
| 2002 | 1.64 Percentage of GDP | +1.0% |
| 2003 | 3.33 Percentage of GDP | +103.2% |
| 2004 | 4.26 Percentage of GDP | +28.1% |
| 2005 | 3.75 Percentage of GDP | -12.1% |
| 2006 | 5.6 Percentage of GDP | +49.6% |
| 2007 | 6.87 Percentage of GDP | +22.6% |
| 2008 | 5.52 Percentage of GDP | -19.6% |
| 2009 | 4.54 Percentage of GDP | -17.8% |
| 2010 | 4.79 Percentage of GDP | +5.4% |
| 2011 | 5.43 Percentage of GDP | +13.4% |
| 2012 | 5.42 Percentage of GDP | -0.2% |
| 2013 | 4.89 Percentage of GDP | -9.8% |
| 2014 | 4.83 Percentage of GDP | -1.1% |
| 2015 | 5.08 Percentage of GDP | +5.2% |
| 2016 | 3.89 Percentage of GDP | -23.5% |
| 2017 | 4.86 Percentage of GDP | +25.0% |
| 2018 | 6.18 Percentage of GDP | +27.2% |
| 2019 | 5.15 Percentage of GDP | -16.8% |
| 2020 | 5.74 Percentage of GDP | +11.5% |
| 2021 | 5.43 Percentage of GDP | -5.3% |
| 2022 | 5.61 Percentage of GDP | +3.2% |
| 2023 | 5.77 Percentage of GDP | +2.9% |
| 2024 | 6.68 Percentage of GDP | +15.7% |
Latvia compared with similar countries
- Latvia's 6.68 Percentage of GDP is above the median for high income countries, which is 4.04 Percentage of GDP, 1.7× the median. (33 countries reporting)
- Latvia's 6.68 Percentage of GDP is above the median for Europe & Central Asia, which is 4.29 Percentage of GDP, 1.6× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9 Percentage of GDP | 1.62 Percentage of GDP | 6.87 Percentage of GDP | 10 |
| 2010s | 5.05 Percentage of GDP | 3.89 Percentage of GDP | 6.18 Percentage of GDP | 10 |
| 2020s | 5.84 Percentage of GDP | 5.43 Percentage of GDP | 6.68 Percentage of GDP | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is subnational government investment — direct investment in Latvia?
- Subnational government investment — direct investment in Latvia was 6.68 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government investment — direct investment recorded in Latvia?
- The highest recorded value was 6.87 Percentage of GDP in 2007.
- What is the lowest subnational government investment — direct investment recorded in Latvia?
- The lowest recorded value was 1.62 Percentage of GDP in 2001.
- How does Latvia rank for subnational government investment — direct investment?
- Latvia ranks 2nd out of 36 countries with data for 2024.
- Is subnational government investment — direct investment rising or falling in Latvia?
- Over the last ten years it is up 38.2%. 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 investment — Direct investment. Statizoid updates them automatically from the source API.
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About this data
This dataset includes subnational government investment expressed in several units of measures: USD PPP, USD PPP per capita, percentage of GDP, and percentage of total public investment. The Subnational Government Structure and Finance Dashboard compiles several datasets with comparable data on institutional organisation and public finance at subnational government level. It provides data for the time period 2000 - 2024 (based on data availability), for all 38 OECD member countries, and the average for the European Union. It includes data for the subnational government sector, for both state and local government levels for some federal countries. The data for the latest year available is also available in PDF format and via an Interactive dashboard.