BERD by industry orientation (NACE Rev. 2 activity) in Latvia

Latvia: BERD by industry orientation (NACE Rev. 2 activity) was 136 in 2024. ◆ Volatile

Latest (2024)
136
Change on year
up 15.1%
World rank
48th
of 54 countries
All-time high
136
in 2024
All-time low
27
in 2016
Years of data
20
2005–2024

BERD by industry orientation in Latvia, 2005–2024

2550751001252005201420242005: 29.62006: 56.62007: 40.92008: 35.42009: 30.92010: 40.22011: 39.12012: 33.12013: 39.52014: 57.82015: 37.62016: 272017: 37.52018: 46.32019: 51.32020: 77.32021: 92.82022: 105.92023: 118.12024: 136

Source: Eurostat.

Analysis

The most recent figure for berd by industry orientation in Latvia is 136, measured in 2024. That is the highest value across all 20 years on record.

Compared with earlier readings it is up 15.1% on the previous year and up 135.3% over ten years.

Over the whole period, berd by industry orientation in Latvia peaked at 136 in 2024 and was at its lowest, 27, in 2016.

That places Latvia 48th out of 54 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

BERD by industry orientation (NACE Rev. 2 activity) in Latvia, year by year

Annual values for BERD by industry orientation (NACE Rev. 2 activity) in Latvia, 2005 to 2024.
Year Value Change
2005 29.61 —
2006 56.59 +91.1%
2007 40.89 -27.8%
2008 35.44 -13.3%
2009 30.89 -12.8%
2010 40.21 +30.2%
2011 39.08 -2.8%
2012 33.1 -15.3%
2013 39.47 +19.3%
2014 57.8 +46.4%
2015 37.6 -34.9%
2016 27 -28.2%
2017 37.5 +38.9%
2018 46.3 +23.5%
2019 51.3 +10.8%
2020 77.32 +50.7%
2021 92.79 +20.0%
2022 105.9 +14.1%
2023 118.11 +11.5%
2024 136 +15.1%

Latvia compared with similar countries

  • Latvia's 136 is below the median for Europe & Central Asia, which is 3,162, 4% of the median. (35 countries reporting)
  • Latvia's 136 is below the median for high income countries, which is 6,039, 2% of the median. (35 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.68 29.61 56.59 5
2010s 40.94 27 57.8 10
2020s 106.02 77.32 136 5

Countries ranked near Latvia

  1. 46 Lithuania 335.92 compare
  2. 47 Latvia 146.34 compare
  3. 49 Cyprus 100 compare
  4. 50 Malta 99.19 compare
  5. 51 North Macedonia 14.86 compare
  6. 51 North Macedonia 14.86 compare

See the full ranking of 58 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is berd by industry orientation in Latvia?
Berd by industry orientation in Latvia was 136 in 2024, according to Eurostat.
What is the highest berd by industry orientation recorded in Latvia?
The highest recorded value was 136 in 2024.
What is the lowest berd by industry orientation recorded in Latvia?
The lowest recorded value was 27 in 2016.
How does Latvia rank for berd by industry orientation?
Latvia ranks 48th out of 54 countries with data for 2024.
Is berd by industry orientation rising or falling in Latvia?
Over the last ten years it is up 135.3%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from Eurostat, published as part of BERD by industry orientation (NACE Rev. 2 activity). Statizoid updates them automatically from the source API.

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BERD by industry orientation in Latvia. Statizoid, drawing on Eurostat. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/berd-by-industry-orientation-nace-rev-2-activity/latvia/

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About this data

Indicator
BERD by industry orientation (NACE Rev. 2 activity)
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
58 places, 1,068 data points, 2005–2024
Last refreshed