Latvia R&D expenditure % GDP 2023: Interactive Chart & Historical Data

Latest value: 0.82 % of GDP (2023-01-01)

R&D expenditure % GDP (measured in % of GDP) is a fundamental measure of economic output and living standards in Latvia. It captures the total value of goods and services produced, serving as the primary benchmark for economic growth, productivity, and international competitiveness. Governments and international organizations use GDP indicators to formulate fiscal policy, allocate resources, and compare economic performance across nations. In Latvia, R&D expenditure % GDP reflects structural economic changes, demographic shifts, and integration into global markets. Analysts examine GDP trends to forecast business cycles, identify recession risks, and evaluate the effectiveness of economic stimulus programs. The most recent data point shows 0.82 % of GDP as of 2023-01-01. This dataset spans 1996–2023, covering 28 annual observations. Data is sourced from World Bank and updated regularly on EconDash. Use EconDash's interactive chart to explore GDP trends over time, switch between chart types, and compare Latvia's performance with other economies worldwide.