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 in 2024. ▲ Rising
Gross value added at basic prices by NUTS 3 region in Latvia, 2000–2024
Source: Eurostat.
Analysis
In 2024, gross value added at basic prices by nuts 3 region in Latvia stood at 35,168. 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 in 2024 and was at its lowest, 7,512, in 2000.
That places Latvia 28th out of 38 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12,621 | 7,512 | 20,905 | 10 |
| 2010s | 20,479 | 15,587 | 25,590 | 10 |
| 2020s | 30,981 | 25,367 | 35,168 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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 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 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 in 2000.
- How does Latvia rank for gross value added at basic prices by nuts 3 region?
- Latvia ranks 28th out of 38 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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