Last year, the contribution of European Union (EU) funding to Latvia's gross domestic product (GDP) reached 9.1% compared to 8.7% in 2024, excluding data from the European Agricultural Fund for Rural Development, according to estimates from the European Commission (EC) representation in Latvia.
According to the press service of the European Commission's representation in Latvia, the third multiannual budget period of the EU will conclude in 2027, during which Latvia also receives funding.
Armands Eberhards, Deputy State Secretary of the Ministry of Finance (MF) for EU funds, pointed out that in 2025, the volume of EU funds and Recovery Fund investments in Latvia exceeded one billion euros, reaching a historically high level.
According to financial modeling conducted by the MF and experts from the University of Latvia, from 2007 to 2025, Latvia's GDP was on average 8.1% higher due to EU funding than it would have been without this support. Approximately 60% of state construction projects in Latvia during this period were implemented with EU financial support, and in certain sectors, this share even reaches 80%.
Over the past 20 years, Latvia has received about 18 billion euros from the EU. The largest funding—over seven billion euros—has gone to agriculture, but on a per capita basis, the highest EU funding has been directed to Latgale. EU funding has also contributed to an average export growth of 4.8% for Latvia, with exports growing faster than imports.
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