Gross domestic expenditure on R&D by sector of performance and source in Latvia
Latvia: Gross domestic expenditure on R&D by sector of performance and source was 615.53 US dollars, PPP converted in 2024. ▲ Rising
Gross domestic expenditure on R&D by sector of performance and source in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
In 2024, gross domestic expenditure on r&d by sector of performance and source in Latvia stood at 615.53 US dollars, PPP converted. That is the highest value across all 30 years on record.
That represents a change of up 11.8% on the previous year and up 54.5% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and source in Latvia peaked at 615.53 US dollars, PPP converted in 2024 and was at its lowest, 106.48 US dollars, PPP converted, in 1996.
The long-run direction has been consistently rising across the 30 years of available data.
Gross domestic expenditure on R&D by sector of performance and source in Latvia, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1995 | 113.38 US dollars, PPP converted | — |
| 1996 | 106.48 US dollars, PPP converted | -6.1% |
| 1997 | 107.05 US dollars, PPP converted | +0.5% |
| 1998 | 118.03 US dollars, PPP converted | +10.3% |
| 1999 | 112.71 US dollars, PPP converted | -4.5% |
| 2000 | 146.98 US dollars, PPP converted | +30.4% |
| 2001 | 144.25 US dollars, PPP converted | -1.9% |
| 2002 | 159.46 US dollars, PPP converted | +10.5% |
| 2003 | 154.1 US dollars, PPP converted | -3.4% |
| 2004 | 185.26 US dollars, PPP converted | +20.2% |
| 2005 | 273.23 US dollars, PPP converted | +47.5% |
| 2006 | 383.02 US dollars, PPP converted | +40.2% |
| 2007 | 360.25 US dollars, PPP converted | -5.9% |
| 2008 | 362.76 US dollars, PPP converted | +0.7% |
| 2009 | 231.66 US dollars, PPP converted | -36.1% |
| 2010 | 299.25 US dollars, PPP converted | +29.2% |
| 2011 | 368.93 US dollars, PPP converted | +23.3% |
| 2012 | 368.6 US dollars, PPP converted | -0.1% |
| 2013 | 347.11 US dollars, PPP converted | -5.8% |
| 2014 | 398.43 US dollars, PPP converted | +14.8% |
| 2015 | 371.05 US dollars, PPP converted | -6.9% |
| 2016 | 267.52 US dollars, PPP converted | -27.9% |
| 2017 | 325.35 US dollars, PPP converted | +21.6% |
| 2018 | 423.46 US dollars, PPP converted | +30.2% |
| 2019 | 425.56 US dollars, PPP converted | +0.5% |
| 2020 | 470.8 US dollars, PPP converted | +10.6% |
| 2021 | 512.95 US dollars, PPP converted | +9.0% |
| 2022 | 550.95 US dollars, PPP converted | +7.4% |
| 2023 | 550.57 US dollars, PPP converted | -0.1% |
| 2024 | 615.53 US dollars, PPP converted | +11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 111.53 US dollars, PPP converted | 106.48 US dollars, PPP converted | 118.03 US dollars, PPP converted | 5 |
| 2000s | 240.1 US dollars, PPP converted | 144.25 US dollars, PPP converted | 383.02 US dollars, PPP converted | 10 |
| 2010s | 359.53 US dollars, PPP converted | 267.52 US dollars, PPP converted | 425.56 US dollars, PPP converted | 10 |
| 2020s | 540.16 US dollars, PPP converted | 470.8 US dollars, PPP converted | 615.53 US dollars, PPP converted | 5 |
Countries ranked near Latvia
- 10 Croatia 2,048 US dollars, PPP converted compare
- 10 Australia 26,905 US dollars, PPP converted compare
- 11 Belgium 24,739 US dollars, PPP converted compare
- 11 Lithuania 1,371 US dollars, PPP converted compare
- 12 Sweden 22,720 US dollars, PPP converted compare
- 12 Estonia 1,115 US dollars, PPP converted compare
- 13 Switzerland 22,104 US dollars, PPP converted compare
- 14 Austria 18,558 US dollars, PPP converted compare
- 15 Singapore 13,603 US dollars, PPP converted compare
- 16 Denmark 12,265 US dollars, PPP converted compare
More reference data data for Latvia
- Exposure to extreme precipitation — Annual precipitation change 65.46 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.43 Degrees celsius (2023)
- Cooling and heating degree days by NUTS 2 regions - monthly data 505.67 Number (2025)
- Cooling and heating degree days by NUTS 2 regions - annual data 3,617 Number (2025)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.31 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 19.46 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 4.99 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 13.15 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 14.71 Percentage of GDP (2022)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and source in Latvia?
- Gross domestic expenditure on r&d by sector of performance and source in Latvia was 615.53 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and source recorded in Latvia?
- The highest recorded value was 615.53 US dollars, PPP converted in 2024.
- What is the lowest gross domestic expenditure on r&d by sector of performance and source recorded in Latvia?
- The lowest recorded value was 106.48 US dollars, PPP converted in 1996.
- How does Latvia rank for gross domestic expenditure on r&d by sector of performance and source?
- Latvia ranks 13th out of 13 countries with data for 2024.
- Is gross domestic expenditure on r&d by sector of performance and source rising or falling in Latvia?
- Over the last ten years it is up 54.5%. 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 Gross domestic expenditure on R&D by sector of performance and source of funds — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table contains gross research and development (R&D) expenditure statistics broken down by sector of performance (business enterprise, government, higher education, private non-profit, and total intramural) and by source of funds (business enterprise, government - including public general university funds -, higher education, private non-profit and funds from the rest of the World - including funds from enterprises and other funds from the rest of the World).