Gross value added at basic prices by other typologies in Latvia
Latvia: Gross value added at basic prices by other typologies was 22,904 in 2023. ▲ Rising
Gross value added at basic prices by other typologies in Latvia, 2000–2023
Source: Eurostat.
Analysis
In 2023, gross value added at basic prices by other typologies in Latvia stood at 22,904. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 12.5% on the previous year and up 82.8% over ten years.
Over the whole period, gross value added at basic prices by other typologies in Latvia peaked at 22,904 in 2023 and was at its lowest, 4,648, in 2000.
That places Latvia 31st out of 33 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Gross value added at basic prices by other typologies in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4,648 | — |
| 2001 | 5,109 | +9.9% |
| 2002 | 5,474 | +7.1% |
| 2003 | 5,583 | +2.0% |
| 2004 | 6,286 | +12.6% |
| 2005 | 7,409 | +17.9% |
| 2006 | 9,296 | +25.5% |
| 2007 | 12,202 | +31.3% |
| 2008 | 13,355 | +9.4% |
| 2009 | 10,574 | -20.8% |
| 2010 | 9,965 | -5.8% |
| 2011 | 10,546 | +5.8% |
| 2012 | 11,988 | +13.7% |
| 2013 | 12,533 | +4.5% |
| 2014 | 13,040 | +4.0% |
| 2015 | 13,706 | +5.1% |
| 2016 | 14,099 | +2.9% |
| 2017 | 14,937 | +5.9% |
| 2018 | 15,993 | +7.1% |
| 2019 | 16,818 | +5.2% |
| 2020 | 16,350 | -2.8% |
| 2021 | 18,197 | +11.3% |
| 2022 | 20,364 | +11.9% |
| 2023 | 22,904 | +12.5% |
Latvia compared with similar countries
- Latvia's 22,904 is below the median for Europe & Central Asia, which is 128,426, 18% of the median. (25 countries reporting)
- Latvia's 22,904 is below the median for high income countries, which is 120,670, 19% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,994 | 4,648 | 13,355 | 10 |
| 2010s | 13,362 | 9,965 | 16,818 | 10 |
| 2020s | 19,454 | 16,350 | 22,904 | 4 |
Countries ranked near Latvia
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 at basic prices by other typologies in Latvia?
- Gross value added at basic prices by other typologies in Latvia was 22,904 in 2023, according to Eurostat.
- What is the highest gross value added at basic prices by other typologies recorded in Latvia?
- The highest recorded value was 22,904 in 2023.
- What is the lowest gross value added at basic prices by other typologies recorded in Latvia?
- The lowest recorded value was 4,648 in 2000.
- How does Latvia rank for gross value added at basic prices by other typologies?
- Latvia ranks 31st out of 33 countries with data for 2023.
- Is gross value added at basic prices by other typologies rising or falling in Latvia?
- Over the last ten years it is up 82.8%. 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 other typologies. Statizoid updates them automatically from the source API.
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