Total FDI inflows — Value US$ in Latvia
Latvia: Total FDI inflows — Value US$ was 1,212 million USD in 2023. ◆ Volatile
Total FDI inflows — Value US$ in Latvia, 1992–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, total fdi inflows — value us$ in Latvia stood at 1,212 million USD.
The figure is down 12.5% on the previous year and up 34.4% over ten years.
Over the whole period, total fdi inflows — value us$ in Latvia peaked at 3,301 million USD in 2021 and was at its lowest, 31.5 million USD, in 1992.
Latvia ranks 86th of 191 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.
Total FDI inflows — Value US$ in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 1992 | 31.5 million USD | — |
| 1993 | 44.12 million USD | +40.1% |
| 1994 | 212.63 million USD | +382.0% |
| 1995 | 178.29 million USD | -16.1% |
| 1996 | 382.36 million USD | +114.5% |
| 1997 | 522.34 million USD | +36.6% |
| 1998 | 355.83 million USD | -31.9% |
| 1999 | 346.45 million USD | -2.6% |
| 2000 | 413.03 million USD | +19.2% |
| 2001 | 105.16 million USD | -74.5% |
| 2002 | 209.68 million USD | +99.4% |
| 2003 | 279.43 million USD | +33.3% |
| 2004 | 607.55 million USD | +117.4% |
| 2005 | 706.16 million USD | +16.2% |
| 2006 | 1,664 million USD | +135.6% |
| 2007 | 2,324 million USD | +39.7% |
| 2008 | 1,264 million USD | -45.6% |
| 2009 | 94.47 million USD | -92.5% |
| 2010 | 378.79 million USD | +301.0% |
| 2011 | 1,453 million USD | +283.5% |
| 2012 | 1,109 million USD | -23.7% |
| 2013 | 901.79 million USD | -18.7% |
| 2014 | 515.46 million USD | -42.8% |
| 2015 | 664.6 million USD | +28.9% |
| 2016 | 247.95 million USD | -62.7% |
| 2017 | 682.32 million USD | +175.2% |
| 2018 | 960.12 million USD | +40.7% |
| 2019 | 897.82 million USD | -6.5% |
| 2020 | 954.88 million USD | +6.4% |
| 2021 | 3,301 million USD | +245.7% |
| 2022 | 1,385 million USD | -58.1% |
| 2023 | 1,212 million USD | -12.5% |
Latvia compared with similar countries
- Latvia's 1,212 million USD is below the median for high income countries, which is 4,565 million USD, 27% of the median. (61 countries reporting)
- Latvia's 1,212 million USD is below the median for Europe & Central Asia, which is 3,447 million USD, 35% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 259.19 million USD | 31.5 million USD | 522.34 million USD | 8 |
| 2000s | 766.72 million USD | 94.47 million USD | 2,324 million USD | 10 |
| 2010s | 781.04 million USD | 247.95 million USD | 1,453 million USD | 10 |
| 2020s | 1,713 million USD | 954.88 million USD | 3,301 million USD | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is total fdi inflows — value us$ in Latvia?
- Total fdi inflows — value us$ in Latvia was 1,212 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi inflows — value us$ recorded in Latvia?
- The highest recorded value was 3,301 million USD in 2021.
- What is the lowest total fdi inflows — value us$ recorded in Latvia?
- The lowest recorded value was 31.5 million USD in 1992.
- How does Latvia rank for total fdi inflows — value us$?
- Latvia ranks 86th out of 191 countries with data for 2023.
- Is total fdi inflows — value us$ rising or falling in Latvia?
- Over the last ten years it is up 34.4%. 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 Total FDI inflows — Value US$. Statizoid updates them automatically from the source API.
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About this data
FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.