GDP weights used in the calculation of the global specific indicator in Latvia
Latvia: GDP weights used in the calculation of the global specific indicator was 0.3% in 2023. ▲ Rising
GDP weights used in the calculation of the global specific indicator in Latvia, 2014–2023
Source: Eurostat. Measured in Percentage of EU27 (from 2020) total (based on million purchasing power standard.
Analysis
In 2023, gdp weights used in the calculation of the global specific indicator in Latvia stood at 0.3%. That is the highest value across all 10 years on record.
The figure is unchanged over ten years.
Over the whole period, gdp weights used in the calculation of the global specific indicator in Latvia peaked at 0.3% in 2014 and was at its lowest, 0.2%, in 2015.
That places Latvia 32nd out of 37 countries with data for 2023, putting it in the bottom quarter.
GDP weights used in the calculation of the global specific indicator in Latvia, year by year
| Year | Percentage of EU27 (from 2020) total (based on million purchasing power standard | Change |
|---|---|---|
| 2014 | 0.3% | — |
| 2015 | 0.2% | -33.3% |
| 2016 | 0.2% | +0.0% |
| 2017 | 0.3% | +50.0% |
| 2018 | 0.3% | +0.0% |
| 2019 | 0.3% | +0.0% |
| 2020 | 0.3% | +0.0% |
| 2021 | 0.3% | +0.0% |
| 2022 | 0.3% | +0.0% |
| 2023 | 0.3% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3% | 0.2% | 0.3% | 6 |
| 2020s | 0.3% | 0.3% | 0.3% | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is gdp weights used in the calculation of the global specific indicator in Latvia?
- Gdp weights used in the calculation of the global specific indicator in Latvia was 0.3% in 2023, according to Eurostat.
- What is the highest gdp weights used in the calculation of the global specific indicator recorded in Latvia?
- The highest recorded value was 0.3% in 2014.
- What is the lowest gdp weights used in the calculation of the global specific indicator recorded in Latvia?
- The lowest recorded value was 0.2% in 2015.
- How does Latvia rank for gdp weights used in the calculation of the global specific indicator?
- Latvia ranks 32nd out of 37 countries with data for 2023.
- Is gdp weights used in the calculation of the global specific indicator rising or falling in Latvia?
- Over the last ten years it is unchanged. 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 GDP weights used in the calculation of the global specific indicator. Statizoid updates them automatically from the source API.
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