Latvia: Forest rents (% of GDP)
In , Latvia's Forest rents (% of GDP) was 1.10.
That's down 11.5% from 2020, the highest value since .
The global average for this indicator in 2021 was 1.28 . Latvia ranks #52 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #1 of 51.
Source: World Bank Open Data (NY.GDP.FRST.RT.ZS) • Data as of 2021
Trend (2002–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2004 · EU enlargement (10 new members)
Highlights
- Peak
- 1.75
- Trough
- 0.66
- 1-year change
- -11.5%
- 5-year change
- +14.0%
- +2.7% / yr
- 10-year change
- -11.1%
- -1.2% / yr
Historical Data — Last 10 Years
| Year | Forest rents (% of GDP) |
|---|---|
| 1.0997 | |
| 1.2432 | |
| 1.1300 | |
| 0.9940 | |
| 1.1709 | |
| 0.9645 | |
| 0.9688 | |
| 1.0419 | |
| 1.0545 | |
| 1.2937 |
About Forest rents (% of GDP)
Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.
Indicator code: NY.GDP.FRST.RT.ZS • Category: Economy
Frequently asked questions
- What was Latvia's Forest rents (% of GDP) in 2021?
- In 2021, Latvia's Forest rents (% of GDP) was 1.10, according to World Bank Open Data.
- Is Latvia's Forest rents (% of GDP) rising or falling?
- Latvia's Forest rents (% of GDP) fell 11.5% from 2020 to 2021.
- How does Latvia rank globally on Forest rents (% of GDP)?
- In 2021, Latvia ranked #52 out of 197 countries reporting Forest rents (% of GDP).
- How does Latvia's Forest rents (% of GDP) compare to the world average?
- The global average for Forest rents (% of GDP) in 2021 was 1.28, so Latvia is below the world average. Within Europe & Central Asia, it ranks #1 of 51.
- What is Forest rents (% of GDP) and how is it measured?
- Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.
Source: World Bank Open Data (NY.GDP.FRST.RT.ZS), CC BY 4.0.