Gross value added at basic prices (GVA) (constant) … unit GDP constant in Latvia
Latvia: Gross value added at basic prices (GVA) (constant) … unit GDP constant was 0.5771 constant LCU per US$ of GDP in 2025. ▼ Falling
Gross value added at basic prices (GVA) (constant LCU), per unit of in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), per unit of in Latvia is 0.5771 constant LCU per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
That represents a change of 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 lcu), per unit of in Latvia peaked at 1.84 constant LCU per US$ of GDP in 1995 and was at its lowest, 0.5771 constant LCU per US$ of GDP, in 2025.
That places Latvia 181st out of 196 countries with data for 2025, putting it 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) … unit GDP constant in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.84 constant LCU per US$ of GDP | — |
| 1996 | 1.82 constant LCU per US$ of GDP | -1.3% |
| 1997 | 1.82 constant LCU per US$ of GDP | +0.1% |
| 1998 | 1.77 constant LCU per US$ of GDP | -2.7% |
| 1999 | 1.74 constant LCU per US$ of GDP | -1.8% |
| 2000 | 1.73 constant LCU per US$ of GDP | -0.3% |
| 2001 | 1.75 constant LCU per US$ of GDP | +1.0% |
| 2002 | 1.67 constant LCU per US$ of GDP | -4.4% |
| 2003 | 1.49 constant LCU per US$ of GDP | -10.9% |
| 2004 | 1.32 constant LCU per US$ of GDP | -11.6% |
| 2005 | 1.25 constant LCU per US$ of GDP | -5.1% |
| 2006 | 1.12 constant LCU per US$ of GDP | -10.4% |
| 2007 | 0.8536 constant LCU per US$ of GDP | -23.9% |
| 2008 | 0.7222 constant LCU per US$ of GDP | -15.4% |
| 2009 | 0.8278 constant LCU per US$ of GDP | +14.6% |
| 2010 | 0.8675 constant LCU per US$ of GDP | +4.8% |
| 2011 | 0.7862 constant LCU per US$ of GDP | -9.4% |
| 2012 | 0.8239 constant LCU per US$ of GDP | +4.8% |
| 2013 | 0.7772 constant LCU per US$ of GDP | -5.7% |
| 2014 | 0.7619 constant LCU per US$ of GDP | -2.0% |
| 2015 | 0.9066 constant LCU per US$ of GDP | +19.0% |
| 2016 | 0.8984 constant LCU per US$ of GDP | -0.9% |
| 2017 | 0.8571 constant LCU per US$ of GDP | -4.6% |
| 2018 | 0.7856 constant LCU per US$ of GDP | -8.3% |
| 2019 | 0.7941 constant LCU per US$ of GDP | +1.1% |
| 2020 | 0.7599 constant LCU per US$ of GDP | -4.3% |
| 2021 | 0.7129 constant LCU per US$ of GDP | -6.2% |
| 2022 | 0.7285 constant LCU per US$ of GDP | +2.2% |
| 2023 | 0.6438 constant LCU per US$ of GDP | -11.6% |
| 2024 | 0.6252 constant LCU per US$ of GDP | -2.9% |
| 2025 | 0.5771 constant LCU per US$ of GDP | -7.7% |
Latvia compared with similar countries
- Latvia's 0.5771 constant LCU per US$ of GDP is below the median for high income countries, which is 0.8613 constant LCU per US$ of GDP, 67% of the median. (70 countries reporting)
- Latvia's 0.5771 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.7047 constant LCU per US$ of GDP, 82% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.8 constant LCU per US$ of GDP | 1.74 constant LCU per US$ of GDP | 1.84 constant LCU per US$ of GDP | 5 |
| 2000s | 1.27 constant LCU per US$ of GDP | 0.7222 constant LCU per US$ of GDP | 1.75 constant LCU per US$ of GDP | 10 |
| 2010s | 0.8258 constant LCU per US$ of GDP | 0.7619 constant LCU per US$ of GDP | 0.9066 constant LCU per US$ of GDP | 10 |
| 2020s | 0.6745 constant LCU per US$ of GDP | 0.5771 constant LCU per US$ of GDP | 0.7599 constant LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 178 Portugal 0.6088 constant LCU per US$ of GDP compare
- 179 Slovenia 0.6037 constant LCU per US$ of GDP compare
- 180 Palestine 0.5919 constant LCU per US$ of GDP compare
- 182 United Kingdom 0.5615 constant LCU per US$ of GDP compare
- 183 Lithuania 0.5493 constant LCU per US$ of GDP compare
- 184 Croatia 0.5449 constant LCU per US$ of GDP 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), per unit of in Latvia?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Latvia was 0.5771 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Latvia?
- The highest recorded value was 1.84 constant LCU per US$ of GDP in 1995.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Latvia?
- The lowest recorded value was 0.5771 constant LCU per US$ of GDP in 2025.
- How does Latvia rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Latvia ranks 181st out of 196 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), per unit of 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.