The Gross National Income (GNI) of Latvia in 2024 amounted to 42 788 million USD, which is 3.74% more than in 2023, when it was 41 246 million USD. It has been growing in this country for already 2 years in a row. According to the World Bank statistics, since 1995, this indicator has increased in 7.57 times. The lowest GNI was recorded in 1995, with a value of 5 650 million USD. The maximum GNI of Latvia was in 2024, when it reached 42 788 million USD. The gross national Income is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time.
Additional infomation: About indicator
GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
