Gross value added and income by detailed industry (NACE Rev.2 ) in Latvia
Latvia: Gross value added and income by detailed industry (NACE Rev.2 ) was 108.44 Chain linked volumes, index 2020=100 in 2024. ▲ Rising
Latest (2024)
108.44 Chain linked volumes, index 2020=100
Change on year
down 0.1%
World rank
38th
of 46 countries
All-time high
109.14 Chain linked volumes, index 2020=100
in 2022
All-time low
40.73 Chain linked volumes, index 2020=100
in 1995
Years of data
30
1995–2024
Gross value added and income by detailed industry in Latvia, 1995–2024
Source: Eurostat. Measured in Chain linked volumes, index 2020=100.
Analysis
The most recent figure for gross value added and income by detailed industry in Latvia is 108.44 Chain linked volumes, index 2020=100, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 19.2% over ten years.
Over the whole period, gross value added and income by detailed industry in Latvia peaked at 109.14 Chain linked volumes, index 2020=100 in 2022 and was at its lowest, 40.73 Chain linked volumes, index 2020=100, in 1995.
Latvia ranks 38th of 46 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Gross value added and income by detailed industry (NACE Rev.2 ) in Latvia, year by year
| Year | Chain linked volumes, index 2020=100 | Change |
|---|---|---|
| 1995 | 40.73 Chain linked volumes, index 2020=100 | — |
| 1996 | 41.57 Chain linked volumes, index 2020=100 | +2.1% |
| 1997 | 45.54 Chain linked volumes, index 2020=100 | +9.5% |
| 1998 | 48.68 Chain linked volumes, index 2020=100 | +6.9% |
| 1999 | 50.23 Chain linked volumes, index 2020=100 | +3.2% |
| 2000 | 53.06 Chain linked volumes, index 2020=100 | +5.6% |
| 2001 | 56.55 Chain linked volumes, index 2020=100 | +6.6% |
| 2002 | 61.02 Chain linked volumes, index 2020=100 | +7.9% |
| 2003 | 66.12 Chain linked volumes, index 2020=100 | +8.4% |
| 2004 | 71.91 Chain linked volumes, index 2020=100 | +8.7% |
| 2005 | 80.46 Chain linked volumes, index 2020=100 | +11.9% |
| 2006 | 90.39 Chain linked volumes, index 2020=100 | +12.3% |
| 2007 | 99 Chain linked volumes, index 2020=100 | +9.5% |
| 2008 | 97.18 Chain linked volumes, index 2020=100 | -1.8% |
| 2009 | 83.84 Chain linked volumes, index 2020=100 | -13.7% |
| 2010 | 80.25 Chain linked volumes, index 2020=100 | -4.3% |
| 2011 | 82.37 Chain linked volumes, index 2020=100 | +2.6% |
| 2012 | 88.07 Chain linked volumes, index 2020=100 | +6.9% |
| 2013 | 89.31 Chain linked volumes, index 2020=100 | +1.4% |
| 2014 | 90.94 Chain linked volumes, index 2020=100 | +1.8% |
| 2015 | 94.16 Chain linked volumes, index 2020=100 | +3.5% |
| 2016 | 96.04 Chain linked volumes, index 2020=100 | +2.0% |
| 2017 | 99.3 Chain linked volumes, index 2020=100 | +3.4% |
| 2018 | 102.97 Chain linked volumes, index 2020=100 | +3.7% |
| 2019 | 103.61 Chain linked volumes, index 2020=100 | +0.6% |
| 2020 | 100 Chain linked volumes, index 2020=100 | -3.5% |
| 2021 | 107.3 Chain linked volumes, index 2020=100 | +7.3% |
| 2022 | 109.14 Chain linked volumes, index 2020=100 | +1.7% |
| 2023 | 108.56 Chain linked volumes, index 2020=100 | -0.5% |
| 2024 | 108.44 Chain linked volumes, index 2020=100 | -0.1% |
Latvia compared with similar countries
- Latvia's 108.44 Chain linked volumes, index 2020=100 is below the median for Europe & Central Asia, which is 114.56 Chain linked volumes, index 2020=100, 95% of the median. (34 countries reporting)
- Latvia's 108.44 Chain linked volumes, index 2020=100 is below the median for high income countries, which is 114.56 Chain linked volumes, index 2020=100, 95% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 45.35 Chain linked volumes, index 2020=100 | 40.73 Chain linked volumes, index 2020=100 | 50.23 Chain linked volumes, index 2020=100 | 5 |
| 2000s | 75.95 Chain linked volumes, index 2020=100 | 53.06 Chain linked volumes, index 2020=100 | 99 Chain linked volumes, index 2020=100 | 10 |
| 2010s | 92.7 Chain linked volumes, index 2020=100 | 80.25 Chain linked volumes, index 2020=100 | 103.61 Chain linked volumes, index 2020=100 | 10 |
| 2020s | 106.69 Chain linked volumes, index 2020=100 | 100 Chain linked volumes, index 2020=100 | 109.14 Chain linked volumes, index 2020=100 | 5 |
Countries ranked near Latvia
- 35 Sweden 111.05 Chain linked volumes, index 2020=100 compare
- 36 Latvia 111.02 Chain linked volumes, index 2020=100 compare
- 37 Austria 110.76 Chain linked volumes, index 2020=100 compare
- 39 Luxembourg 108.26 Chain linked volumes, index 2020=100 compare
- 40 Estonia 106.75 Chain linked volumes, index 2020=100 compare
- 41 Germany 105.69 Chain linked volumes, index 2020=100 compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is gross value added and income by detailed industry in Latvia?
- Gross value added and income by detailed industry in Latvia was 108.44 Chain linked volumes, index 2020=100 in 2024, according to Eurostat.
- What is the highest gross value added and income by detailed industry recorded in Latvia?
- The highest recorded value was 109.14 Chain linked volumes, index 2020=100 in 2022.
- What is the lowest gross value added and income by detailed industry recorded in Latvia?
- The lowest recorded value was 40.73 Chain linked volumes, index 2020=100 in 1995.
- How does Latvia rank for gross value added and income by detailed industry?
- Latvia ranks 38th out of 46 countries with data for 2024.
- Is gross value added and income by detailed industry rising or falling in Latvia?
- Over the last ten years it is up 19.2%. 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 value added and income by detailed industry (NACE Rev.2 ). Statizoid updates them automatically from the source API.
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