Total FDI outflows — Value US$, 2015 prices in Latvia
Latvia: Total FDI outflows — Value US$, 2015 prices was 421.36 million USD in 2023. ◆ Volatile
Total FDI outflows — Value US$, 2015 prices in Latvia, 1992–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Latvia recorded 421.36 million USD for total fdi outflows — value us$, 2015 prices in 2023.
The figure is up 810.2% on the previous year and up 20.1% over ten years.
Over the whole period, total fdi outflows — value us$, 2015 prices in Latvia peaked at 1,762 million USD in 2021 and was at its lowest, -151.26 million USD, in 1995.
That places Latvia 60th out of 167 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total FDI outflows — Value US$, 2015 prices in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 1992 | 5.61 million USD | — |
| 1993 | -11.46 million USD | -304.3% |
| 1994 | -147.55 million USD | +1188.1% |
| 1995 | -151.26 million USD | +2.5% |
| 1996 | 6.31 million USD | -104.2% |
| 1997 | 12.85 million USD | +103.6% |
| 1998 | 111.67 million USD | +769.1% |
| 1999 | 33.33 million USD | -70.2% |
| 2000 | 24.4 million USD | -26.8% |
| 2001 | 28.58 million USD | +17.1% |
| 2002 | 5.09 million USD | -82.2% |
| 2003 | 75.58 million USD | +1386.0% |
| 2004 | 154.4 million USD | +104.3% |
| 2005 | 177.48 million USD | +15.0% |
| 2006 | 208.65 million USD | +17.6% |
| 2007 | 344.79 million USD | +65.3% |
| 2008 | 190.65 million USD | -44.7% |
| 2009 | -56.72 million USD | -129.8% |
| 2010 | 18.27 million USD | -132.2% |
| 2011 | 52.16 million USD | +185.5% |
| 2012 | 172.43 million USD | +230.6% |
| 2013 | 350.94 million USD | +103.5% |
| 2014 | 419.16 million USD | +19.4% |
| 2015 | 106.51 million USD | -74.6% |
| 2016 | 147.44 million USD | +38.4% |
| 2017 | 120.69 million USD | -18.1% |
| 2018 | 178.88 million USD | +48.2% |
| 2019 | -84.8 million USD | -147.4% |
| 2020 | 155.54 million USD | -283.4% |
| 2021 | 1,762 million USD | +1033.0% |
| 2022 | 46.29 million USD | -97.4% |
| 2023 | 421.36 million USD | +810.2% |
Latvia compared with similar countries
- Latvia's 421.36 million USD is below the median for high income countries, which is 947.76 million USD, 44% of the median. (59 countries reporting)
- Latvia's 421.36 million USD is below the median for Europe & Central Asia, which is 566.23 million USD, 74% of the median. (42 countries reporting)
Biggest year-on-year movements
Years where Total FDI outflows — Value US$, 2015 prices in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +1386.0% | 5.09 million USD | 75.58 million USD |
| 1994 | -1188.1% | -11.46 million USD | -147.55 million USD |
| 2021 | +1033.0% | 155.54 million USD | 1,762 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -17.56 million USD | -151.26 million USD | 111.67 million USD | 8 |
| 2000s | 115.29 million USD | -56.72 million USD | 344.79 million USD | 10 |
| 2010s | 148.17 million USD | -84.8 million USD | 419.16 million USD | 10 |
| 2020s | 596.38 million USD | 46.29 million USD | 1,762 million USD | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is total fdi outflows — value us$, 2015 prices in Latvia?
- Total fdi outflows — value us$, 2015 prices in Latvia was 421.36 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi outflows — value us$, 2015 prices recorded in Latvia?
- The highest recorded value was 1,762 million USD in 2021.
- What is the lowest total fdi outflows — value us$, 2015 prices recorded in Latvia?
- The lowest recorded value was -151.26 million USD in 1995.
- How does Latvia rank for total fdi outflows — value us$, 2015 prices?
- Latvia ranks 60th out of 167 countries with data for 2023.
- Is total fdi outflows — value us$, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 20.1%. 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 outflows — Value US$, 2015 prices. 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.