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Government budget allocations for R&D — Government Allocations for R&D in Latvia

Latvia: Government budget allocations for R&D — Government Allocations for R&D was 245.5 US dollars, PPP converted in 2024. ▲ Rising

Latest (2024)
245.5 US dollars, PPP converted
Change on year
up 22.5%
World rank
12th
of 12 countries
All-time high
245.5 US dollars, PPP converted
in 2024
All-time low
52.42 US dollars, PPP converted
in 1993
Years of data
32
1993–2024

Government budget allocations for R&D — Government Allocations for R&D in Latvia, 1993–2024

501001502002501993200820241993: 52.4 US dollars, PPP converted1994: 64.7 US dollars, PPP converted1995: 60.1 US dollars, PPP converted1996: 59.8 US dollars, PPP converted1997: 63.2 US dollars, PPP converted1998: 62.7 US dollars, PPP converted1999: 63.4 US dollars, PPP converted2000: 61 US dollars, PPP converted2001: 72.1 US dollars, PPP converted2002: 68 US dollars, PPP converted2003: 85.3 US dollars, PPP converted2004: 79.9 US dollars, PPP converted2005: 95.6 US dollars, PPP converted2006: 146 US dollars, PPP converted2007: 179.9 US dollars, PPP converted2008: 172.1 US dollars, PPP converted2009: 103.7 US dollars, PPP converted2010: 78.9 US dollars, PPP converted2011: 77.6 US dollars, PPP converted2012: 82.6 US dollars, PPP converted2013: 80.6 US dollars, PPP converted2014: 93.5 US dollars, PPP converted2015: 113.6 US dollars, PPP converted2016: 127.5 US dollars, PPP converted2017: 141.6 US dollars, PPP converted2018: 145.3 US dollars, PPP converted2019: 150.4 US dollars, PPP converted2020: 168.6 US dollars, PPP converted2021: 173.9 US dollars, PPP converted2022: 175.4 US dollars, PPP converted2023: 200.3 US dollars, PPP converted2024: 245.5 US dollars, PPP converted

Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.

Analysis

The most recent figure for government budget allocations for r&d — government allocations for r&d in Latvia is 245.5 US dollars, PPP converted, measured in 2024. That is the highest value across all 32 years on record.

That represents a change of up 22.5% on the previous year and up 162.6% over ten years.

Over the whole period, government budget allocations for r&d — government allocations for r&d in Latvia peaked at 245.5 US dollars, PPP converted in 2024 and was at its lowest, 52.42 US dollars, PPP converted, in 1993.

The long-run direction has been consistently rising across the 32 years of available data.

Government budget allocations for R&D — Government Allocations for R&D in Latvia, year by year

Year US dollars, PPP converted Change
1993 52.42 US dollars, PPP converted —
1994 64.68 US dollars, PPP converted +23.4%
1995 60.14 US dollars, PPP converted -7.0%
1996 59.76 US dollars, PPP converted -0.6%
1997 63.2 US dollars, PPP converted +5.7%
1998 62.66 US dollars, PPP converted -0.8%
1999 63.37 US dollars, PPP converted +1.1%
2000 60.99 US dollars, PPP converted -3.7%
2001 72.06 US dollars, PPP converted +18.1%
2002 68.04 US dollars, PPP converted -5.6%
2003 85.31 US dollars, PPP converted +25.4%
2004 79.9 US dollars, PPP converted -6.3%
2005 95.56 US dollars, PPP converted +19.6%
2006 145.96 US dollars, PPP converted +52.7%
2007 179.86 US dollars, PPP converted +23.2%
2008 172.08 US dollars, PPP converted -4.3%
2009 103.65 US dollars, PPP converted -39.8%
2010 78.89 US dollars, PPP converted -23.9%
2011 77.57 US dollars, PPP converted -1.7%
2012 82.62 US dollars, PPP converted +6.5%
2013 80.62 US dollars, PPP converted -2.4%
2014 93.49 US dollars, PPP converted +16.0%
2015 113.61 US dollars, PPP converted +21.5%
2016 127.46 US dollars, PPP converted +12.2%
2017 141.56 US dollars, PPP converted +11.1%
2018 145.32 US dollars, PPP converted +2.7%
2019 150.43 US dollars, PPP converted +3.5%
2020 168.63 US dollars, PPP converted +12.1%
2021 173.86 US dollars, PPP converted +3.1%
2022 175.43 US dollars, PPP converted +0.9%
2023 200.35 US dollars, PPP converted +14.2%
2024 245.5 US dollars, PPP converted +22.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 60.89 US dollars, PPP converted 52.42 US dollars, PPP converted 64.68 US dollars, PPP converted 7
2000s 106.34 US dollars, PPP converted 60.99 US dollars, PPP converted 179.86 US dollars, PPP converted 10
2010s 109.16 US dollars, PPP converted 77.57 US dollars, PPP converted 150.43 US dollars, PPP converted 10
2020s 192.75 US dollars, PPP converted 168.63 US dollars, PPP converted 245.5 US dollars, PPP converted 5

Countries ranked near Latvia

  1. 9 Switzerland 6,530 US dollars, PPP converted compare
  2. 10 Lithuania 608.36 US dollars, PPP converted compare
  3. 10 Australia 6,013 US dollars, PPP converted compare
  4. 11 Estonia 447.87 US dollars, PPP converted compare
  5. 11 Mexico 5,419 US dollars, PPP converted compare
  6. 12 Austria 5,410 US dollars, PPP converted compare
  7. 13 Sweden 4,817 US dollars, PPP converted compare
  8. 14 Belgium 4,805 US dollars, PPP converted compare
  9. 15 Norway 3,936 US dollars, PPP converted compare

See the full ranking of 43 places →

More public sector data for Latvia

All data for Latvia →

Frequently asked questions

What is government budget allocations for r&d — government allocations for r&d in Latvia?
Government budget allocations for r&d — government allocations for r&d in Latvia was 245.5 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest government budget allocations for r&d — government allocations for r&d recorded in Latvia?
The highest recorded value was 245.5 US dollars, PPP converted in 2024.
What is the lowest government budget allocations for r&d — government allocations for r&d recorded in Latvia?
The lowest recorded value was 52.42 US dollars, PPP converted in 1993.
How does Latvia rank for government budget allocations for r&d — government allocations for r&d?
Latvia ranks 12th out of 12 countries with data for 2024.
Is government budget allocations for r&d — government allocations for r&d rising or falling in Latvia?
Over the last ten years it is up 162.6%. 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 Government budget allocations for R&D — Government Allocations for R&D (GBARD). Statizoid updates them automatically from the source API.

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Government budget allocations for R&D — Government Allocations for R&D in Latvia. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 10 September 2026, from https://public-sector.statizoid.com/stat/government-budget-allocations-for-r-and-d-government-allocations-for-r-and-d-gbard/latvia-2/

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About this data

Indicator
Government budget allocations for R&D — Government Allocations for R&D (GBARD)
Unit
US dollars, PPP converted
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
43 places, 1,446 data points, 1981–2025
Last refreshed

This table contains data on Government budget allocations for R&D (GBARD) by socio-economic objective (SEO), using the NABS 2007 classification