Latvia: Oil revenue
* indicates monthly or quarterly data series
| Latvia |
Revenue minus production cost of oil, percent of GDP |
|---|---|
| Latest value | 0.07 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1995 - 2021 |
| Average | 0.04 |
| Min - Max | 0.00 - 0.14 |
| Source | The World Bank |
The latest value from 2021 is 0.07 percent, an increase from 0.03 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Latvia from 1995 to 2021 is 0.04 percent. The minimum value, 0 percent, was reached in 1995 while the maximum of 0.14 percent was recorded in 2012.
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Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Gasoline prices | 1.16 | 2016 | dollars |
| Diesel prices | 1.07 | 2016 | dollars |
| Energy use per capita | 2,176.84 | 2014 | kilograms of oil equivalent |
| Share of clean energy | 44.00 | 2021 | percent |
| Carbon intensity | 0.09 | 2023 | kg of CO2 per dollar of GDP |
| Energy use per $1000 GDP | 74.11 | 2014 | kilograms of oil equivalent |
| Electricity from renewable sources, kWh | 916.00 | 2015 | million kWh |
| Carbon dioxide (CO2) emissions | 7 | 2023 | Mt CO2 eq |
| Carbon dioxide (CO2) emissions per capita | 3.49 | 2023 | metric tons of carbon dioxide equivalent per capita |
| Greenhouse gas emissions | 11,437 | 2020 | kt of CO2 equivalent |
| GDP per unit of energy | 10.94 | 2014 | GDP per kg of oil equivalent |
| Energy imports | 45.16 | 2014 | percent |
| Natural resources income | 1.17 | 2021 | percent |
| Oil revenue | 0.07 | 2021 | percent |
| Natural gas revenue | 0.00 | 2021 | percent |
| Access to electricity | 100.00 | 2022 | percent |