Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Latvia
Latvia: Gross value added at basic prices (GVA) (constant 2015 US$), per unit was 0.5567 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant 2015 us$), per unit in Latvia is 0.5567 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
The figure is down 7.7% on the previous year and down 36.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Latvia peaked at 1.78 constant 2015 US$ per US$ of GDP in 1995 and was at its lowest, 0.5567 constant 2015 US$ per US$ of GDP, in 2025.
Latvia ranks 172nd of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.78 constant 2015 US$ per US$ of GDP | — |
| 1996 | 1.75 constant 2015 US$ per US$ of GDP | -1.3% |
| 1997 | 1.76 constant 2015 US$ per US$ of GDP | +0.1% |
| 1998 | 1.71 constant 2015 US$ per US$ of GDP | -2.7% |
| 1999 | 1.68 constant 2015 US$ per US$ of GDP | -1.7% |
| 2000 | 1.67 constant 2015 US$ per US$ of GDP | -0.3% |
| 2001 | 1.69 constant 2015 US$ per US$ of GDP | +1.0% |
| 2002 | 1.61 constant 2015 US$ per US$ of GDP | -4.4% |
| 2003 | 1.44 constant 2015 US$ per US$ of GDP | -10.9% |
| 2004 | 1.27 constant 2015 US$ per US$ of GDP | -11.6% |
| 2005 | 1.21 constant 2015 US$ per US$ of GDP | -5.1% |
| 2006 | 1.08 constant 2015 US$ per US$ of GDP | -10.4% |
| 2007 | 0.8235 constant 2015 US$ per US$ of GDP | -23.9% |
| 2008 | 0.6967 constant 2015 US$ per US$ of GDP | -15.4% |
| 2009 | 0.7986 constant 2015 US$ per US$ of GDP | +14.6% |
| 2010 | 0.8369 constant 2015 US$ per US$ of GDP | +4.8% |
| 2011 | 0.7585 constant 2015 US$ per US$ of GDP | -9.4% |
| 2012 | 0.7948 constant 2015 US$ per US$ of GDP | +4.8% |
| 2013 | 0.7498 constant 2015 US$ per US$ of GDP | -5.7% |
| 2014 | 0.7351 constant 2015 US$ per US$ of GDP | -2.0% |
| 2015 | 0.8747 constant 2015 US$ per US$ of GDP | +19.0% |
| 2016 | 0.8668 constant 2015 US$ per US$ of GDP | -0.9% |
| 2017 | 0.8269 constant 2015 US$ per US$ of GDP | -4.6% |
| 2018 | 0.7579 constant 2015 US$ per US$ of GDP | -8.3% |
| 2019 | 0.7661 constant 2015 US$ per US$ of GDP | +1.1% |
| 2020 | 0.7332 constant 2015 US$ per US$ of GDP | -4.3% |
| 2021 | 0.6877 constant 2015 US$ per US$ of GDP | -6.2% |
| 2022 | 0.7028 constant 2015 US$ per US$ of GDP | +2.2% |
| 2023 | 0.6211 constant 2015 US$ per US$ of GDP | -11.6% |
| 2024 | 0.6031 constant 2015 US$ per US$ of GDP | -2.9% |
| 2025 | 0.5567 constant 2015 US$ per US$ of GDP | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.73 constant 2015 US$ per US$ of GDP | 1.68 constant 2015 US$ per US$ of GDP | 1.78 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 1.23 constant 2015 US$ per US$ of GDP | 0.6967 constant 2015 US$ per US$ of GDP | 1.69 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.7967 constant 2015 US$ per US$ of GDP | 0.7351 constant 2015 US$ per US$ of GDP | 0.8747 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.6508 constant 2015 US$ per US$ of GDP | 0.5567 constant 2015 US$ per US$ of GDP | 0.7332 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 169 Poland 0.5792 constant 2015 US$ per US$ of GDP compare
- 170 North Macedonia 0.5645 constant 2015 US$ per US$ of GDP compare
- 171 Croatia 0.5597 constant 2015 US$ per US$ of GDP compare
- 173 Bosnia and Herzegovina 0.5476 constant 2015 US$ per US$ of GDP compare
- 174 Hungary 0.5471 constant 2015 US$ per US$ of GDP compare
- 175 Bolivia 0.5395 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
- GDP (current US$), per capita 26,312 current US$ per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Latvia?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Latvia was 0.5567 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Latvia?
- The highest recorded value was 1.78 constant 2015 US$ per US$ of GDP in 1995.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Latvia?
- The lowest recorded value was 0.5567 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Latvia ranks 172nd out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Latvia?
- Over the last ten years it is down 36.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.