Total natural resource rents in Latvia
Latvia: Total natural resource rents was 1.2% in 2021. ▼ Falling
Total natural resource rents in Latvia, 1995–2021
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for total natural resource rents in Latvia is 1.2%, measured in 2021.
That represents a change of down 8.6% on the previous year and down 12.6% over ten years.
Over the whole period, total natural resource rents in Latvia peaked at 2.8% in 1999 and was at its lowest, 0.7%, in 2008.
That places Latvia 117th out of 211 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.4% | 1.9% | 2.8% | 5 |
| 2000s | 1.5% | 0.7% | 2.6% | 10 |
| 2010s | 1.2% | 1.0% | 1.4% | 10 |
| 2020s | 1.2% | 1.2% | 1.3% | 2 |
Countries ranked near Latvia
More reference data data for Latvia
- Spring temperature anomalies 4.57 °C (2026)
- Summer temperature anomalies 1.58 °C (2026)
- Temperature anomalies by month -5.99 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 2.33 °C (2025)
- Winter temperature anomalies 3.08 °C (2025)
- Consumer price index 162.39 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is total natural resource rents in Latvia?
- Total natural resource rents in Latvia was 1.2% in 2021, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest total natural resource rents recorded in Latvia?
- The highest recorded value was 2.8% in 1999.
- What is the lowest total natural resource rents recorded in Latvia?
- The lowest recorded value was 0.7% in 2008.
- How does Latvia rank for total natural resource rents?
- Latvia ranks 117th out of 211 countries with data for 2021.
- Is total natural resource rents rising or falling in Latvia?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Total natural resource rents. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Natural resources rents are estimated as the difference between the price of a commodity and the average cost of producing it. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents, mineral rents, and forest rents.