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.
Total natural resource rents in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 2.4% | — |
| 1996 | 2.5% | +3.9% |
| 1997 | 2.1% | -16.5% |
| 1998 | 1.9% | -9.3% |
| 1999 | 2.8% | +47.3% |
| 2000 | 2.6% | -8.4% |
| 2001 | 2.1% | -19.7% |
| 2002 | 1.7% | -16.4% |
| 2003 | 1.7% | +0.4% |
| 2004 | 1.6% | -9.0% |
| 2005 | 1.3% | -16.9% |
| 2006 | 1.2% | -10.7% |
| 2007 | 1.0% | -17.3% |
| 2008 | 0.7% | -27.3% |
| 2009 | 0.9% | +25.5% |
| 2010 | 1.3% | +44.1% |
| 2011 | 1.3% | +3.9% |
| 2012 | 1.4% | +7.4% |
| 2013 | 1.1% | -20.1% |
| 2014 | 1.1% | -1.1% |
| 2015 | 1.0% | -11.3% |
| 2016 | 1.0% | -2.0% |
| 2017 | 1.2% | +22.7% |
| 2018 | 1.1% | -11.1% |
| 2019 | 1.2% | +10.8% |
| 2020 | 1.3% | +7.2% |
| 2021 | 1.2% | -8.6% |
Latvia compared with similar countries
- Latvia's 1.2% is above the median for high income countries, which is 0.1%, 9.8× the median. (82 countries reporting)
- Latvia's 1.2% is above the median for Europe & Central Asia, which is 0.4%, 2.9× the median. (55 countries reporting)
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
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
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.