Gross domestic product (GDP) at current market prices by NUTS 2 region in Latvija
Latvija: Gross domestic product (GDP) at current market prices by NUTS 2 region was 40,298 Million euro in 2024. ▲ Rising
Gross domestic product (GDP) at current market prices by NUTS 2 region in Latvija, 2000–2024
Source: Eurostat. Measured in Million euro.
Analysis
Latvija recorded 40,298 Million euro for gross domestic product (gdp) at current market prices by nuts 2 region in 2024. That is the highest value across all 25 years on record.
That represents a change of up 2.0% on the previous year and up 77.1% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 2 region in Latvija peaked at 40,298 Million euro in 2024 and was at its lowest, 8,412 Million euro, in 2000.
That places Latvija 224th out of 372 regions with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 2 region in Latvija, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 8,412 Million euro | — |
| 2001 | 9,172 Million euro | +9.0% |
| 2002 | 9,835 Million euro | +7.2% |
| 2003 | 10,023 Million euro | +1.9% |
| 2004 | 11,227 Million euro | +12.0% |
| 2005 | 13,213 Million euro | +17.7% |
| 2006 | 16,433 Million euro | +24.4% |
| 2007 | 21,567 Million euro | +31.2% |
| 2008 | 23,310 Million euro | +8.1% |
| 2009 | 18,370 Million euro | -21.2% |
| 2010 | 17,543 Million euro | -4.5% |
| 2011 | 18,992 Million euro | +8.3% |
| 2012 | 21,238 Million euro | +11.8% |
| 2013 | 21,969 Million euro | +3.4% |
| 2014 | 22,756 Million euro | +3.6% |
| 2015 | 23,708 Million euro | +4.2% |
| 2016 | 24,463 Million euro | +3.2% |
| 2017 | 25,980 Million euro | +6.2% |
| 2018 | 28,114 Million euro | +8.2% |
| 2019 | 29,525 Million euro | +5.0% |
| 2020 | 29,181 Million euro | -1.2% |
| 2021 | 32,240 Million euro | +10.5% |
| 2022 | 36,042 Million euro | +11.8% |
| 2023 | 39,506 Million euro | +9.6% |
| 2024 | 40,298 Million euro | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14,156 Million euro | 8,412 Million euro | 23,310 Million euro | 10 |
| 2010s | 23,429 Million euro | 17,543 Million euro | 29,525 Million euro | 10 |
| 2020s | 35,453 Million euro | 29,181 Million euro | 40,298 Million euro | 5 |
More economy & growth data for Latvija
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 109 Index, 2020=100 (2024)
- Average annual population to calculate regional GDP data (thousand) 1,865 Thousand (2024)
- Gross value added at basic prices by NUTS 3 region 35,114 Current prices, million euro (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 40,298 Million euro (2024)
- Economic accounts for agriculture by NUTS 2 region - values at 571.1 Million euro (2024)
- Income quintile share ratio S80/S20 by NUTS 2 region 6.7 Index (2025)
- Agricultural land prices by region 4,825 Euro per hectare (2024)
- Agricultural land renting prices for one year by region 111 Euro per hectare (2024)
- Farms and hectares by crops, utilised agricultural area, economic 1.97 million Hectare (2023)
- Irrigation of agricultural holdings by utilised agricultural area 1.97 million Hectare (2023)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by nuts 2 region in Latvija?
- Gross domestic product (gdp) at current market prices by nuts 2 region in Latvija was 40,298 Million euro in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Latvija?
- The highest recorded value was 40,298 Million euro in 2024.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 2 region recorded in Latvija?
- The lowest recorded value was 8,412 Million euro in 2000.
- How does Latvija rank for gross domestic product (gdp) at current market prices by nuts 2 region?
- Latvija ranks 224th out of 372 regions with data for 2024.
- Is gross domestic product (gdp) at current market prices by nuts 2 region rising or falling in Latvija?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is rising.
- Where does this Latvija data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by NUTS 2 region. Statizoid updates them automatically from the source API.
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