Gross value added at basic prices by NUTS 3 region in Latvia
Latvia: Gross value added at basic prices by NUTS 3 region was 35,168 Current prices, million euro in 2024. ▲ Rising
Latest (2024)
35,168 Current prices, million euro
Change on year
up 1.1%
World rank
34th
of 46 countries
All-time high
35,168 Current prices, million euro
in 2024
All-time low
7,512 Current prices, million euro
in 2000
Years of data
25
2000–2024
Gross value added at basic prices by NUTS 3 region in Latvia, 2000–2024
Source: Eurostat. Measured in Current prices, million euro.
Analysis
In 2024, gross value added at basic prices by nuts 3 region in Latvia stood at 35,168 Current prices, million euro. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 76.3% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Latvia peaked at 35,168 Current prices, million euro in 2024 and was at its lowest, 7,512 Current prices, million euro, in 2000.
Latvia ranks 34th of 46 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices by NUTS 3 region in Latvia, year by year
| Year | Current prices, million euro | Change |
|---|---|---|
| 2000 | 7,512 Current prices, million euro | — |
| 2001 | 8,241 Current prices, million euro | +9.7% |
| 2002 | 8,840 Current prices, million euro | +7.3% |
| 2003 | 8,946 Current prices, million euro | +1.2% |
| 2004 | 10,034 Current prices, million euro | +12.2% |
| 2005 | 11,700 Current prices, million euro | +16.6% |
| 2006 | 14,460 Current prices, million euro | +23.6% |
| 2007 | 19,064 Current prices, million euro | +31.8% |
| 2008 | 20,905 Current prices, million euro | +9.7% |
| 2009 | 16,507 Current prices, million euro | -21.0% |
| 2010 | 15,587 Current prices, million euro | -5.6% |
| 2011 | 16,756 Current prices, million euro | +7.5% |
| 2012 | 18,717 Current prices, million euro | +11.7% |
| 2013 | 19,264 Current prices, million euro | +2.9% |
| 2014 | 19,950 Current prices, million euro | +3.6% |
| 2015 | 20,768 Current prices, million euro | +4.1% |
| 2016 | 21,280 Current prices, million euro | +2.5% |
| 2017 | 22,590 Current prices, million euro | +6.2% |
| 2018 | 24,288 Current prices, million euro | +7.5% |
| 2019 | 25,590 Current prices, million euro | +5.4% |
| 2020 | 25,367 Current prices, million euro | -0.9% |
| 2021 | 28,062 Current prices, million euro | +10.6% |
| 2022 | 31,521 Current prices, million euro | +12.3% |
| 2023 | 34,788 Current prices, million euro | +10.4% |
| 2024 | 35,168 Current prices, million euro | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12,621 Current prices, million euro | 7,512 Current prices, million euro | 20,905 Current prices, million euro | 10 |
| 2010s | 20,479 Current prices, million euro | 15,587 Current prices, million euro | 25,590 Current prices, million euro | 10 |
| 2020s | 30,981 Current prices, million euro | 25,367 Current prices, million euro | 35,168 Current prices, million euro | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is gross value added at basic prices by nuts 3 region in Latvia?
- Gross value added at basic prices by nuts 3 region in Latvia was 35,168 Current prices, million euro in 2024, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Latvia?
- The highest recorded value was 35,168 Current prices, million euro in 2024.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Latvia?
- The lowest recorded value was 7,512 Current prices, million euro in 2000.
- How does Latvia rank for gross value added at basic prices by nuts 3 region?
- Latvia ranks 34th out of 46 countries with data for 2024.
- Is gross value added at basic prices by nuts 3 region rising or falling in Latvia?
- Over the last ten years it is up 76.3%. 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 value added at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Eurostat).