Latvia: Energy use per $1000 GDP

The latest value from 2024 is 60.38 kilograms of oil equivalent, an increase from 60.1 kilograms of oil equivalent in 2023. In comparison, the world average is 65.03 kilograms of oil equivalent, based on data from 41 countries. Historically, the average for Latvia from 1990 to 2024 is 104.95 kilograms of oil equivalent. The minimum value, 59.81 kilograms of oil equivalent, was reached in 2022 while the maximum of 221.32 kilograms of oil equivalent was recorded in 1992. See the global rankings for that indicator or use the country comparator to compare trends over time.

The energy use per $1000 of GDP for Latvia includes all types of energy, including imported and domestically produced. The measure tells us how energy intensive the economy is. Countries with more energy efficient production will have a lower energy use per $1000 GDP.

Definition: Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.