Latvia's net ODA provided, to the least developed countries (current US$) was US$87,019 in 2023, the latest year in the World Bank's World Development Indicators. That is down 60.45% from US$220,000 in 2013 (8.86% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$87,019 | 2023 |
| Ten years earlier | US$220,000 | 2013 |
| Highest | US$1.07 million | 2022 |
| Lowest | US$11,194 | 2019 |
| Average since 2014 | US$204,211 | 2014–2023 |
| First recorded | US$110,000 | 2007 |
Since 2007 it is down 20.89% from US$110,000 in 2007 (1.45% a year on average, compounded). The World Bank has no value for 2 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2023, Latvia's net ODA provided, to the least developed countries (current US$) fell 91.9% on 2022 (from US$1.07 million to US$87,019).
Across the 12 yearly changes before that (2008 to 2022), the average change was +389.2% and a typical year strayed about 1,191.9% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4,144.8% in 2022 and the biggest yearly fall was 91.9% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 7% of the movement over 8 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Latvia had the 32nd highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Latvia in the 2023 ranking
What this measures
Net Official development assistance (ODA) comprises grants or loans to developing countries and territories on the OECD/DAC list of aid recipients that are undertaken by the official sector with promotion of economic development and welfare as the main objective and at concessional financial terms. The list of least developed countries (LDCs) has been agreed by the General Assembly, on the recommendation of the Committee for Development Policy, Economic and Social Council.
All 15 values
| Year | Net ODA provided, to the least developed countries (current US$) |
|---|---|
| 2023 | 87,019 |
| 2022 | 1,069,138 |
| 2021 | 25,187 |
| 2020 | 26,467 |
| 2019 | 11,194 |
| 2018 | no data |
| 2017 | no data |
| 2016 | 57,404 |
| 2015 | 137,276 |
| 2014 | 220,000 |
| 2013 |
Net ODA provided, to the least developed countries (current US$) in nearby economies
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
- GDP (current LCU) — 43.03 billion (2025)
- GDP, linked series (current LCU) — 43.03 billion (2025)
- GDP (constant 2015 US$) — US$31.21 billion (2025)
- GDP (constant LCU) — 32.21 billion (2025)
- GDP, PPP (current international $) — 85.25 billion (2025)
- GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's net ODA provided, to the least developed countries (current US$)?
- US$87,019 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is down 20.89% from US$110,000 in 2007 (1.45% a year on average, compounded). The highest value was US$1.07 million in 2022 and the lowest US$11,194 in 2019.
- How does Latvia rank?
- 32nd highest of 32 economies with data for 2023.
- Is the latest change in net ODA provided, to the least developed countries (current US$) unusual for Latvia?
Source
World Bank, World Development Indicators, indicator DC.ODA.TLDC.CD, licensed CC BY 4.0. Original source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/idsonline; Geographical Distribution of Financial Flows to Developing Countries, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/ids… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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