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.
That places Latvia 34th out of 46 countries 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 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% |
Latvia compared with similar countries
- Latvia's 35,168 Current prices, million euro is below the median for Europe & Central Asia, which is 246,571 Current prices, million euro, 14% of the median. (32 countries reporting)
- Latvia's 35,168 Current prices, million euro is below the median for high income countries, which is 292,822 Current prices, million euro, 12% of the median. (29 countries reporting)
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
- 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 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.
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