Average economic size of farms by standard output, farm type and age in Latvia
Latvia: Average economic size of farms by standard output, farm type and age was 1.78 billion Euro in 2023. ▲ Rising
Average economic size of farms by standard output, farm type and age in Latvia, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
Latvia recorded 1.78 billion Euro for average economic size of farms by standard output, farm type and age in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 31.2% on the previous year and up 79.7% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Latvia peaked at 1.78 billion Euro in 2023 and was at its lowest, 597.29 million Euro, in 2007.
Latvia ranks 32nd of 40 countries on this measure, in the bottom quarter.
Average economic size of farms by standard output, farm type and age in Latvia, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 604.00 million Euro | — |
| 2007 | 597.29 million Euro | -1.1% |
| 2010 | 796.95 million Euro | +33.4% |
| 2013 | 990.01 million Euro | +24.2% |
| 2016 | 1.22 billion Euro | +23.4% |
| 2020 | 1.36 billion Euro | +11.0% |
| 2023 | 1.78 billion Euro | +31.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 600.65 million Euro | 597.29 million Euro | 604.00 million Euro | 2 |
| 2010s | 1.00 billion Euro | 796.95 million Euro | 1.22 billion Euro | 3 |
| 2020s | 1.57 billion Euro | 1.36 billion Euro | 1.78 billion Euro | 2 |
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Frequently asked questions
- What is average economic size of farms by standard output, farm type and age in Latvia?
- Average economic size of farms by standard output, farm type and age in Latvia was 1.78 billion Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Latvia?
- The highest recorded value was 1.78 billion Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Latvia?
- The lowest recorded value was 597.29 million Euro in 2007.
- How does Latvia rank for average economic size of farms by standard output, farm type and age?
- Latvia ranks 32nd out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Latvia?
- Over the last ten years it is up 79.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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