Gross domestic product (GDP) and Gross value added (GVA) in volume by in Latvia
Latvia: Gross domestic product (GDP) and Gross value added (GVA) in volume by was 108.4 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
108.4 Index, 2020=100
Change on year
down 0.2%
World rank
33rd
of 43 countries
All-time high
109.1 Index, 2020=100
in 2022
All-time low
53.1 Index, 2020=100
in 2000
Years of data
25
2000–2024
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Latvia, 2000–2024
Source: Eurostat. Measured in Index, 2020=100.
Analysis
Latvia recorded 108.4 Index, 2020=100 for gross domestic product (gdp) and gross value added (gva) in volume by in 2024.
Compared with earlier readings it is down 0.2% on the previous year and up 19.3% over ten years.
Over the whole period, gross domestic product (gdp) and gross value added (gva) in volume by in Latvia peaked at 109.1 Index, 2020=100 in 2022 and was at its lowest, 53.1 Index, 2020=100, in 2000.
Latvia ranks 33rd of 43 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Latvia, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2000 | 53.1 Index, 2020=100 | — |
| 2001 | 56.6 Index, 2020=100 | +6.6% |
| 2002 | 61 Index, 2020=100 | +7.8% |
| 2003 | 66.1 Index, 2020=100 | +8.4% |
| 2004 | 71.9 Index, 2020=100 | +8.8% |
| 2005 | 80.5 Index, 2020=100 | +12.0% |
| 2006 | 90.4 Index, 2020=100 | +12.3% |
| 2007 | 99 Index, 2020=100 | +9.5% |
| 2008 | 97.2 Index, 2020=100 | -1.8% |
| 2009 | 83.8 Index, 2020=100 | -13.8% |
| 2010 | 80.3 Index, 2020=100 | -4.2% |
| 2011 | 82.4 Index, 2020=100 | +2.6% |
| 2012 | 88.1 Index, 2020=100 | +6.9% |
| 2013 | 89.3 Index, 2020=100 | +1.4% |
| 2014 | 90.9 Index, 2020=100 | +1.8% |
| 2015 | 94.2 Index, 2020=100 | +3.6% |
| 2016 | 96 Index, 2020=100 | +1.9% |
| 2017 | 99.3 Index, 2020=100 | +3.4% |
| 2018 | 103 Index, 2020=100 | +3.7% |
| 2019 | 103.6 Index, 2020=100 | +0.6% |
| 2020 | 100 Index, 2020=100 | -3.5% |
| 2021 | 107.3 Index, 2020=100 | +7.3% |
| 2022 | 109.1 Index, 2020=100 | +1.7% |
| 2023 | 108.6 Index, 2020=100 | -0.5% |
| 2024 | 108.4 Index, 2020=100 | -0.2% |
Latvia compared with similar countries
- Latvia's 108.4 Index, 2020=100 is below the median for high income countries, which is 113.3 Index, 2020=100, 96% of the median. (28 countries reporting)
- Latvia's 108.4 Index, 2020=100 is below the median for Europe & Central Asia, which is 113.3 Index, 2020=100, 96% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75.96 Index, 2020=100 | 53.1 Index, 2020=100 | 99 Index, 2020=100 | 10 |
| 2010s | 92.71 Index, 2020=100 | 80.3 Index, 2020=100 | 103.6 Index, 2020=100 | 10 |
| 2020s | 106.68 Index, 2020=100 | 100 Index, 2020=100 | 109.1 Index, 2020=100 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) and gross value added (gva) in volume by in Latvia?
- Gross domestic product (gdp) and gross value added (gva) in volume by in Latvia was 108.4 Index, 2020=100 in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Latvia?
- The highest recorded value was 109.1 Index, 2020=100 in 2022.
- What is the lowest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Latvia?
- The lowest recorded value was 53.1 Index, 2020=100 in 2000.
- How does Latvia rank for gross domestic product (gdp) and gross value added (gva) in volume by?
- Latvia ranks 33rd out of 43 countries with data for 2024.
- Is gross domestic product (gdp) and gross value added (gva) in volume by rising or falling in Latvia?
- Over the last ten years it is up 19.3%. 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 Gross domestic product (GDP) and Gross value added (GVA) in volume by NUTS 2 region. Statizoid updates them automatically from the source API.
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