Gross value added at basic prices (GVA) … constant annual growth rate in Latvia
Latvia: Gross value added at basic prices (GVA) … constant annual growth rate was 1.99 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded 1.99 % change on previous year for gross value added at basic prices (gva) (constant lcu), annual growth in 2025.
Compared with earlier readings it is up 1,860.3% on the previous year and down 43.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Latvia peaked at 12.34 % change on previous year in 2006 and was at its lowest, -13.73 % change on previous year, in 2009.
Latvia ranks 132nd of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … constant annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 2.06 % change on previous year | — |
| 1997 | 9.54 % change on previous year | +363.4% |
| 1998 | 6.91 % change on previous year | -27.6% |
| 1999 | 3.18 % change on previous year | -53.9% |
| 2000 | 5.64 % change on previous year | +77.2% |
| 2001 | 6.58 % change on previous year | +16.7% |
| 2002 | 7.9 % change on previous year | +20.0% |
| 2003 | 8.36 % change on previous year | +5.9% |
| 2004 | 8.75 % change on previous year | +4.6% |
| 2005 | 11.9 % change on previous year | +36.0% |
| 2006 | 12.34 % change on previous year | +3.7% |
| 2007 | 9.52 % change on previous year | -22.8% |
| 2008 | -1.84 % change on previous year | -119.3% |
| 2009 | -13.73 % change on previous year | +647.7% |
| 2010 | -4.28 % change on previous year | -68.8% |
| 2011 | 2.64 % change on previous year | -161.6% |
| 2012 | 6.92 % change on previous year | +162.3% |
| 2013 | 1.42 % change on previous year | -79.5% |
| 2014 | 1.82 % change on previous year | +28.2% |
| 2015 | 3.54 % change on previous year | +94.5% |
| 2016 | 2 % change on previous year | -43.4% |
| 2017 | 3.4 % change on previous year | +69.9% |
| 2018 | 3.69 % change on previous year | +8.6% |
| 2019 | 0.626 % change on previous year | -83.0% |
| 2020 | -3.49 % change on previous year | -657.0% |
| 2021 | 7.3 % change on previous year | -309.4% |
| 2022 | 1.71 % change on previous year | -76.6% |
| 2023 | -0.5234 % change on previous year | -130.6% |
| 2024 | -0.1133 % change on previous year | -78.4% |
| 2025 | 1.99 % change on previous year | -1860.3% |
Latvia compared with similar countries
- Latvia's 1.99 % change on previous year is above the median for high income countries, which is 1.99 % change on previous year, 1.0× the median. (69 countries reporting)
- Latvia's 1.99 % change on previous year is above the median for Europe & Central Asia, which is 1.73 % change on previous year, 1.2× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … constant annual growth rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2025 | +1860.3% | -0.1133 % change on previous year | 1.99 % change on previous year |
| 2020 | -657.0% | 0.626 % change on previous year | -3.49 % change on previous year |
| 2009 | -647.7% | -1.84 % change on previous year | -13.73 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.42 % change on previous year | 2.06 % change on previous year | 9.54 % change on previous year | 4 |
| 2000s | 5.54 % change on previous year | -13.73 % change on previous year | 12.34 % change on previous year | 10 |
| 2010s | 2.18 % change on previous year | -4.28 % change on previous year | 6.92 % change on previous year | 10 |
| 2020s | 1.15 % change on previous year | -3.49 % change on previous year | 7.3 % change on previous year | 6 |
Countries ranked near Latvia
- 129 Brazil 2.39 % change on previous year compare
- 130 Dominican Republic 2.16 % change on previous year compare
- 131 Marshall Islands 2.1 % change on previous year compare
- 133 Bermuda 1.92 % change on previous year compare
- 134 Malawi 1.9 % change on previous year compare
- 135 Netherlands 1.83 % change on previous year 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) (constant lcu), annual growth in Latvia?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Latvia was 1.99 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Latvia?
- The highest recorded value was 12.34 % change on previous year in 2006.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Latvia?
- The lowest recorded value was -13.73 % change on previous year in 2009.
- How does Latvia rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Latvia ranks 132nd out of 195 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Latvia?
- Over the last ten years it is down 43.6%. The long-run trend across the full record is volatile.
- 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.