Gross value added at basic prices (GVA) (constant 2015 US$) in Latvia
Latvia: Gross value added at basic prices (GVA) (constant 2015 US$) was 27.07 billion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Latvia recorded 27.07 billion constant 2015 US$ for gross value added at basic prices (gva) in 2025. That is the highest value across all 31 years on record.
That represents a change of up 2.0% on the previous year and up 17.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latvia peaked at 27.07 billion constant 2015 US$ in 2025 and was at its lowest, 9.97 billion constant 2015 US$, in 1995.
That places Latvia 103rd out of 194 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 9.97 billion constant 2015 US$ | — |
| 1996 | 10.17 billion constant 2015 US$ | +2.1% |
| 1997 | 11.14 billion constant 2015 US$ | +9.5% |
| 1998 | 11.91 billion constant 2015 US$ | +6.9% |
| 1999 | 12.29 billion constant 2015 US$ | +3.2% |
| 2000 | 12.99 billion constant 2015 US$ | +5.6% |
| 2001 | 13.84 billion constant 2015 US$ | +6.6% |
| 2002 | 14.93 billion constant 2015 US$ | +7.9% |
| 2003 | 16.18 billion constant 2015 US$ | +8.4% |
| 2004 | 17.60 billion constant 2015 US$ | +8.7% |
| 2005 | 19.69 billion constant 2015 US$ | +11.9% |
| 2006 | 22.12 billion constant 2015 US$ | +12.3% |
| 2007 | 24.23 billion constant 2015 US$ | +9.5% |
| 2008 | 23.78 billion constant 2015 US$ | -1.8% |
| 2009 | 20.52 billion constant 2015 US$ | -13.7% |
| 2010 | 19.64 billion constant 2015 US$ | -4.3% |
| 2011 | 20.16 billion constant 2015 US$ | +2.6% |
| 2012 | 21.55 billion constant 2015 US$ | +6.9% |
| 2013 | 21.86 billion constant 2015 US$ | +1.4% |
| 2014 | 22.26 billion constant 2015 US$ | +1.8% |
| 2015 | 23.04 billion constant 2015 US$ | +3.5% |
| 2016 | 23.50 billion constant 2015 US$ | +2.0% |
| 2017 | 24.30 billion constant 2015 US$ | +3.4% |
| 2018 | 25.20 billion constant 2015 US$ | +3.7% |
| 2019 | 25.36 billion constant 2015 US$ | +0.6% |
| 2020 | 24.47 billion constant 2015 US$ | -3.5% |
| 2021 | 26.26 billion constant 2015 US$ | +7.3% |
| 2022 | 26.71 billion constant 2015 US$ | +1.7% |
| 2023 | 26.57 billion constant 2015 US$ | -0.5% |
| 2024 | 26.54 billion constant 2015 US$ | -0.1% |
| 2025 | 27.07 billion constant 2015 US$ | +2.0% |
Latvia compared with similar countries
- Latvia's 27.07 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 28% of the median. (69 countries reporting)
- Latvia's 27.07 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 71.18 billion constant 2015 US$, 38% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.10 billion constant 2015 US$ | 9.97 billion constant 2015 US$ | 12.29 billion constant 2015 US$ | 5 |
| 2000s | 18.59 billion constant 2015 US$ | 12.99 billion constant 2015 US$ | 24.23 billion constant 2015 US$ | 10 |
| 2010s | 22.69 billion constant 2015 US$ | 19.64 billion constant 2015 US$ | 25.36 billion constant 2015 US$ | 10 |
| 2020s | 26.27 billion constant 2015 US$ | 24.47 billion constant 2015 US$ | 27.07 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 100 Bolivia 29.61 billion constant 2015 US$ compare
- 101 Cyprus 29.05 billion constant 2015 US$ compare
- 102 Zambia 28.72 billion constant 2015 US$ compare
- 104 Senegal 26.77 billion constant 2015 US$ compare
- 105 El Salvador 26.54 billion constant 2015 US$ compare
- 106 Honduras 26.27 billion constant 2015 US$ compare
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Latvia?
- Gross value added at basic prices (gva) in Latvia was 27.07 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Latvia?
- The highest recorded value was 27.07 billion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 9.97 billion constant 2015 US$ in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 103rd out of 194 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Latvia?
- Over the last ten years it is up 17.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.