Wealth share of the richest 1% in Latvia
Latvia: Wealth share of the richest 1% was 28.6% in 2024. ▲ Rising
Wealth share of the richest 1% in Latvia, 1980–2024
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2024, wealth share of the richest 1% in Latvia stood at 28.6%.
That represents a change of up 9.5% over ten years.
Over the whole period, wealth share of the richest 1% in Latvia peaked at 29.0% in 2017 and was at its lowest, 24.8%, in 1980.
That places Latvia 68th out of 215 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Wealth share of the richest 1% in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 24.8% | — |
| 1981 | 24.8% | +0.0% |
| 1982 | 24.8% | +0.0% |
| 1983 | 24.8% | +0.0% |
| 1984 | 24.8% | +0.0% |
| 1985 | 24.8% | +0.0% |
| 1986 | 24.8% | +0.0% |
| 1987 | 24.8% | +0.0% |
| 1988 | 24.8% | +0.0% |
| 1989 | 24.8% | +0.0% |
| 1990 | 24.8% | +0.0% |
| 1991 | 24.9% | +0.3% |
| 1992 | 24.9% | +0.1% |
| 1993 | 25.1% | +0.8% |
| 1994 | 25.3% | +0.9% |
| 1995 | 25.4% | +0.4% |
| 1996 | 25.8% | +1.8% |
| 1997 | 25.9% | +0.2% |
| 1998 | 26.1% | +0.7% |
| 1999 | 26.1% | -0.0% |
| 2000 | 26.1% | +0.0% |
| 2001 | 26.0% | -0.3% |
| 2002 | 26.2% | +0.8% |
| 2003 | 26.2% | +0.2% |
| 2004 | 26.4% | +0.5% |
| 2005 | 26.6% | +0.7% |
| 2006 | 25.9% | -2.5% |
| 2007 | 26.4% | +1.7% |
| 2008 | 26.2% | -0.4% |
| 2009 | 26.4% | +0.4% |
| 2010 | 26.1% | -1.1% |
| 2011 | 26.2% | +0.6% |
| 2012 | 26.3% | +0.2% |
| 2013 | 26.3% | +0.1% |
| 2014 | 26.1% | -0.8% |
| 2015 | 27.9% | +6.8% |
| 2016 | 28.4% | +1.9% |
| 2017 | 29.0% | +1.9% |
| 2018 | 28.7% | -0.9% |
| 2019 | 28.6% | -0.3% |
| 2020 | 28.6% | +0.0% |
| 2021 | 28.7% | +0.3% |
| 2022 | 28.7% | +0.0% |
| 2023 | 28.6% | -0.5% |
| 2024 | 28.6% | +0.0% |
Latvia compared with similar countries
- Latvia's 28.6% is above the median for high income countries, which is 27.5%, 1.0× the median. (79 countries reporting)
- Latvia's 28.6% is above the median for Europe & Central Asia, which is 24.1%, 1.2× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.8% | 24.8% | 24.8% | 10 |
| 1990s | 25.4% | 24.8% | 26.1% | 10 |
| 2000s | 26.2% | 25.9% | 26.6% | 10 |
| 2010s | 27.4% | 26.1% | 29.0% | 10 |
| 2020s | 28.6% | 28.6% | 28.7% | 5 |
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 wealth share of the richest 1% in Latvia?
- Wealth share of the richest 1% in Latvia was 28.6% in 2024, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest wealth share of the richest 1% recorded in Latvia?
- The highest recorded value was 29.0% in 2017.
- What is the lowest wealth share of the richest 1% recorded in Latvia?
- The lowest recorded value was 24.8% in 1980.
- How does Latvia rank for wealth share of the richest 1%?
- Latvia ranks 68th out of 215 countries with data for 2024.
- Is wealth share of the richest 1% rising or falling in Latvia?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Wealth share of the richest 1%. Statizoid updates them automatically from the source API.
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About this data
Share of wealth owned by the richest 1% of the population. Wealth is defined as the total value of non-financial and financial assets (housing, land, deposits, bonds, equities, etc.) held by households, minus their debts.