Annual value added and its components by economic activity in Latvia
Latvia: Annual value added and its components by economic activity was 120.65 Index in 2024. ▲ Rising
Annual value added and its components by economic activity in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
In 2024, annual value added and its components by economic activity in Latvia stood at 120.65 Index. That is the highest value across all 30 years on record.
The figure is up 2.3% on the previous year and up 35.0% over ten years.
Over the whole period, annual value added and its components by economic activity in Latvia peaked at 120.65 Index in 2024 and was at its lowest, 36.42 Index, in 1995.
The long-run direction has been consistently rising across the 30 years of available data.
Annual value added and its components by economic activity in Latvia, year by year
| Year | Index | Change |
|---|---|---|
| 1995 | 36.42 Index | — |
| 1996 | 40.48 Index | +11.1% |
| 1997 | 44.53 Index | +10.0% |
| 1998 | 46.94 Index | +5.4% |
| 1999 | 46.44 Index | -1.1% |
| 2000 | 46.37 Index | -0.2% |
| 2001 | 46.14 Index | -0.5% |
| 2002 | 47.48 Index | +2.9% |
| 2003 | 49.12 Index | +3.5% |
| 2004 | 52.11 Index | +6.1% |
| 2005 | 57.96 Index | +11.2% |
| 2006 | 67.14 Index | +15.8% |
| 2007 | 76.87 Index | +14.5% |
| 2008 | 82.28 Index | +7.0% |
| 2009 | 76.24 Index | -7.3% |
| 2010 | 77.2 Index | +1.3% |
| 2011 | 81.29 Index | +5.3% |
| 2012 | 85.7 Index | +5.4% |
| 2013 | 87.49 Index | +2.1% |
| 2014 | 89.39 Index | +2.2% |
| 2015 | 90.54 Index | +1.3% |
| 2016 | 90.07 Index | -0.5% |
| 2017 | 92.09 Index | +2.2% |
| 2018 | 94.68 Index | +2.8% |
| 2019 | 97.22 Index | +2.7% |
| 2020 | 100 Index | +2.9% |
| 2021 | 102.81 Index | +2.8% |
| 2022 | 109.98 Index | +7.0% |
| 2023 | 117.91 Index | +7.2% |
| 2024 | 120.65 Index | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42.96 Index | 36.42 Index | 46.94 Index | 5 |
| 2000s | 60.17 Index | 46.14 Index | 82.28 Index | 10 |
| 2010s | 88.57 Index | 77.2 Index | 97.22 Index | 10 |
| 2020s | 110.27 Index | 100 Index | 120.65 Index | 5 |
Countries ranked near Latvia
- 3 Romania 135.91 Index compare
- 3 Estonia 127.04 Index compare
- 4 Poland 124.81 Index compare
- 4 Luxembourg 131.29 Index compare
- 5 Netherlands 124.06 Index compare
- 5 Germany 126.81 Index compare
- 6 Portugal 125.35 Index compare
- 7 Norway 125.22 Index compare
- 8 Australia 125.19 Index compare
- 9 Malta 123.28 Index compare
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- Index of digital trade integration and openness 0.1982 Index (2024)
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- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is annual value added and its components by economic activity in Latvia?
- Annual value added and its components by economic activity in Latvia was 120.65 Index in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual value added and its components by economic activity recorded in Latvia?
- The highest recorded value was 120.65 Index in 2024.
- What is the lowest annual value added and its components by economic activity recorded in Latvia?
- The lowest recorded value was 36.42 Index in 1995.
- How does Latvia rank for annual value added and its components by economic activity?
- Latvia ranks 6th out of 6 countries with data for 2024.
- Is annual value added and its components by economic activity rising or falling in Latvia?
- Over the last ten years it is up 35.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual value added and its components by economic activity — Consumption of fixed capital. Statizoid updates them automatically from the source API.
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About this data
This table presents gross value added by economic activity based on detailed breakdowns of Revision 4 of the International Standard Industrial Classification of All Economic Activities (ISIC). The table also presents detailed ISIC data for output, intermediate consumption and consumption of fixed capital (depreciation), as well as for components of gross value added (GVA) such as wages and salaries and net operating surplus (business profits) and mixed income (profits of the self-employed). These can be selected using the ‘Transaction filter’. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data is presented in current prices (default view), but for some items it is possible to select chain linked volume and other price measures using the ‘Price base’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE6A dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org