What was Latvia's Total natural resources rents (% of GDP) in 2021?

In 2021, Latvia's Total natural resources rents (% of GDP) was 1.17, according to World Bank Open Data.

Is Latvia's Total natural resources rents (% of GDP) rising or falling?

Latvia's Total natural resources rents (% of GDP) fell 8.6% from 2020 to 2021.

How does Latvia rank globally on Total natural resources rents (% of GDP)?

In 2021, Latvia ranked #110 out of 197 countries reporting Total natural resources rents (% of GDP).

How does Latvia's Total natural resources rents (% of GDP) compare to the world average?

The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Latvia is below the world average. Within Europe & Central Asia, it ranks #16 of 51.

Latvia: Total natural resources rents (% of GDP)

Name: Latvia: Total natural resources rents (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2021, Latvia's Total natural resources rents (% of GDP) was 1.17.

That's down 8.6% from 2020, the highest value since 2020.

The global average for this indicator in 2021 was 6.63 . Latvia ranks #110 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #16 of 51.

Source: World Bank Open Data (NY.GDP.TOTL.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; 2003
Trough: 0.71; 2008
1-year change: -8.6%
5-year change: +18.5%; +3.4% / yr
10-year change: -12.6%; -1.3% / yr

Historical Data — Last 10 Years

Year	Total natural resources rents (% of GDP)
2021	1.1651
2020	1.2746
2019	1.1894
2018	1.0735
2017	1.2072
2016	0.9836
2015	1.0034
2014	1.1310
2013	1.1441
2012	1.4313

About Total natural resources rents (% of GDP)

Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

Indicator code: NY.GDP.TOTL.RT.ZS • Category: Economy

Frequently asked questions

What was Latvia's Total natural resources rents (% of GDP) in 2021?: In 2021, Latvia's Total natural resources rents (% of GDP) was 1.17, according to World Bank Open Data.
Is Latvia's Total natural resources rents (% of GDP) rising or falling?: Latvia's Total natural resources rents (% of GDP) fell 8.6% from 2020 to 2021.
How does Latvia rank globally on Total natural resources rents (% of GDP)?: In 2021, Latvia ranked #110 out of 197 countries reporting Total natural resources rents (% of GDP).
How does Latvia's Total natural resources rents (% of GDP) compare to the world average?: The global average for Total natural resources rents (% of GDP) in 2021 was 6.63, so Latvia is below the world average. Within Europe & Central Asia, it ranks #16 of 51.
What is Total natural resources rents (% of GDP) and how is it measured?: Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.

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Source: World Bank Open Data (NY.GDP.TOTL.RT.ZS), CC BY 4.0.