Gross value added at basic prices by other typologies in Latvia
Latvia: Gross value added at basic prices by other typologies was 22,904 Current prices, million euro in 2023. ▲ Rising
Latest (2023)
22,904 Current prices, million euro
Change on year
up 12.5%
World rank
31st
of 33 countries
All-time high
22,904 Current prices, million euro
in 2023
All-time low
4,648 Current prices, million euro
in 2000
Years of data
24
2000–2023
Gross value added at basic prices by other typologies in Latvia, 2000–2023
Source: Eurostat. Measured in Current prices, million euro.
Analysis
In 2023, gross value added at basic prices by other typologies in Latvia stood at 22,904 Current prices, million euro. 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 Current prices, million euro in 2023 and was at its lowest, 4,648 Current prices, million euro, 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 | Current prices, million euro | Change |
|---|---|---|
| 2000 | 4,648 Current prices, million euro | — |
| 2001 | 5,109 Current prices, million euro | +9.9% |
| 2002 | 5,474 Current prices, million euro | +7.1% |
| 2003 | 5,583 Current prices, million euro | +2.0% |
| 2004 | 6,286 Current prices, million euro | +12.6% |
| 2005 | 7,409 Current prices, million euro | +17.9% |
| 2006 | 9,296 Current prices, million euro | +25.5% |
| 2007 | 12,202 Current prices, million euro | +31.3% |
| 2008 | 13,355 Current prices, million euro | +9.4% |
| 2009 | 10,574 Current prices, million euro | -20.8% |
| 2010 | 9,965 Current prices, million euro | -5.8% |
| 2011 | 10,546 Current prices, million euro | +5.8% |
| 2012 | 11,988 Current prices, million euro | +13.7% |
| 2013 | 12,533 Current prices, million euro | +4.5% |
| 2014 | 13,040 Current prices, million euro | +4.0% |
| 2015 | 13,706 Current prices, million euro | +5.1% |
| 2016 | 14,099 Current prices, million euro | +2.9% |
| 2017 | 14,937 Current prices, million euro | +5.9% |
| 2018 | 15,993 Current prices, million euro | +7.1% |
| 2019 | 16,818 Current prices, million euro | +5.2% |
| 2020 | 16,350 Current prices, million euro | -2.8% |
| 2021 | 18,197 Current prices, million euro | +11.3% |
| 2022 | 20,364 Current prices, million euro | +11.9% |
| 2023 | 22,904 Current prices, million euro | +12.5% |
Latvia compared with similar countries
- Latvia's 22,904 Current prices, million euro is below the median for Europe & Central Asia, which is 128,426 Current prices, million euro, 18% of the median. (25 countries reporting)
- Latvia's 22,904 Current prices, million euro is below the median for high income countries, which is 120,670 Current prices, million euro, 19% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,994 Current prices, million euro | 4,648 Current prices, million euro | 13,355 Current prices, million euro | 10 |
| 2010s | 13,362 Current prices, million euro | 9,965 Current prices, million euro | 16,818 Current prices, million euro | 10 |
| 2020s | 19,454 Current prices, million euro | 16,350 Current prices, million euro | 22,904 Current prices, million euro | 4 |
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 other typologies in Latvia?
- Gross value added at basic prices by other typologies in Latvia was 22,904 Current prices, million euro 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 Current prices, million euro 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 Current prices, million euro 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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