Annual value added and its components by economic activity — Output in Latvia
Latvia: Annual value added and its components by economic activity — Output was 131.84 Index in 2024. ▲ Rising
Annual value added and its components by economic activity — Output in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
The most recent figure for annual value added and its components by economic activity — output in Latvia is 131.84 Index, measured in 2024. That is the highest value across all 30 years on record.
That represents a change of up 0.9% on the previous year and up 44.9% over ten years.
Over the whole period, annual value added and its components by economic activity — output in Latvia peaked at 131.84 Index in 2024 and was at its lowest, 29.26 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 — Output in Latvia, year by year
| Year | Index | Change |
|---|---|---|
| 1995 | 29.26 Index | — |
| 1996 | 32.92 Index | +12.5% |
| 1997 | 35.2 Index | +6.9% |
| 1998 | 37.91 Index | +7.7% |
| 1999 | 37.88 Index | -0.1% |
| 2000 | 41.04 Index | +8.3% |
| 2001 | 43.84 Index | +6.8% |
| 2002 | 44.74 Index | +2.1% |
| 2003 | 48.24 Index | +7.8% |
| 2004 | 52.68 Index | +9.2% |
| 2005 | 58.06 Index | +10.2% |
| 2006 | 66.52 Index | +14.6% |
| 2007 | 77.83 Index | +17.0% |
| 2008 | 86.22 Index | +10.8% |
| 2009 | 80.41 Index | -6.7% |
| 2010 | 81.66 Index | +1.6% |
| 2011 | 85.78 Index | +5.0% |
| 2012 | 88.43 Index | +3.1% |
| 2013 | 89.91 Index | +1.7% |
| 2014 | 90.96 Index | +1.2% |
| 2015 | 90.96 Index | +0.0% |
| 2016 | 90.1 Index | -0.9% |
| 2017 | 92.32 Index | +2.5% |
| 2018 | 96.57 Index | +4.6% |
| 2019 | 99.38 Index | +2.9% |
| 2020 | 100 Index | +0.6% |
| 2021 | 105.76 Index | +5.8% |
| 2022 | 123.55 Index | +16.8% |
| 2023 | 130.64 Index | +5.7% |
| 2024 | 131.84 Index | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.63 Index | 29.26 Index | 37.91 Index | 5 |
| 2000s | 59.96 Index | 41.04 Index | 86.22 Index | 10 |
| 2010s | 90.61 Index | 81.66 Index | 99.38 Index | 10 |
| 2020s | 118.36 Index | 100 Index | 131.84 Index | 5 |
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Frequently asked questions
- What is annual value added and its components by economic activity — output in Latvia?
- Annual value added and its components by economic activity — output in Latvia was 131.84 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 — output recorded in Latvia?
- The highest recorded value was 131.84 Index in 2024.
- What is the lowest annual value added and its components by economic activity — output recorded in Latvia?
- The lowest recorded value was 29.26 Index in 1995.
- How does Latvia rank for annual value added and its components by economic activity — output?
- Latvia ranks 2nd out of 3 countries with data for 2024.
- Is annual value added and its components by economic activity — output rising or falling in Latvia?
- Over the last ten years it is up 44.9%. 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 — Output. 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