Latvia's net ODA provided, total (current US$) was US$111.62 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 339.97% from US$25.37 million in 2014 (15.97% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$111.62 million | 2024 |
| Five years earlier | US$34.36 million | 2019 |
| Ten years earlier | US$25.37 million | 2014 |
| Highest | US$144.4 million | 2022 |
| Lowest | US$880,000 | 2003 |
| Average since 2015 | US$63.92 million | 2015–2024 |
| First recorded | US$1.5 million |
What the numbers say
In 2024, Latvia's net ODA provided, total (current US$) fell 20.8% on 2023 (from US$140.93 million to US$111.62 million).
Across the 21 yearly changes before that (2003 to 2023), the average change was +57.6% and a typical year strayed about 186.6% 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 846.6% in 2004 and the biggest yearly fall was 41.3% in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$13.21 million a year. A straight line explains 68% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Latvia had the 31st 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 2024 ranking
- Slovak Republic — 28th of 32: US$191.39 million
- Slovenia — 29th of 32: US$164.36 million
- Iceland — 30th of 32: US$111.71 million
- Estonia — 32nd of 32: US$83.44 million
What this measures
Net Official development assistance (ODA) comprises grants or loans to developing countries and territories on the OECD/DAC list of aid recipients that are undertaken by the official sector with promotion of economic development and welfare as the main objective and at concessional financial terms.
All 23 values
| Year | Net ODA provided, total (current US$) |
|---|---|
| 2024 | 111,620,000 |
| 2023 | 140,930,705 |
| 2022 | 144,402,072 |
| 2021 | 47,620,000 |
| 2020 | 40,620,000 |
| 2019 | 34,360,000 |
| 2018 | 34,420,000 |
| 2017 | 31,920,000 |
| 2016 | 30,180,000 |
| 2015 | 23,170,000 |
| 2014 |
Net ODA provided, total (current US$) in nearby economies
- Austria — US$1.72 billion (2024)
- Belgium — US$3.25 billion (2024)
- Czechia — US$570.18 million (2024)
- Denmark — US$3.03 billion (2024)
- Estonia — US$83.44 million (2024)
- Finland — US$1.37 billion (2024)
- France — US$15.1 billion (2024)
- Germany — US$32.92 billion (2024)
- Greece — US$357.65 million (2024)
- Hungary — US$205.5 million (2024)
- Iceland
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's net ODA provided, total (current US$)?
- US$111.62 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is up 7,341% from US$1.5 million in 2002 (21.64% a year on average, compounded). The highest value was US$144.4 million in 2022 and the lowest US$880,000 in 2003.
- How does Latvia rank?
- 31st highest of 32 economies with data for 2024.
- Is the latest change in net ODA provided, total (current US$) unusual for Latvia?
- In 2024, Latvia's net ODA provided, total (current US$) fell 20.8% on 2023 (from US$140.93 million to US$111.62 million). Across the 21 yearly changes before that (2003 to 2023), the average change was +57.6% and a typical year strayed about 186.6% 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.
Source
World Bank, World Development Indicators, indicator DC.ODA.TOTL.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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