Gross value added at basic prices (GVA) (constant LCU) in Latvia
Latvia: Gross value added at basic prices (GVA) (constant LCU) was 28.06 billion constant LCU in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Latvia stood at 28.06 billion constant LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is 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 28.06 billion constant LCU in 2025 and was at its lowest, 10.33 billion constant LCU, in 1995.
Latvia ranks 151st of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross value added at basic prices (GVA) (constant LCU) in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 10.33 billion constant LCU | — |
| 1996 | 10.55 billion constant LCU | +2.1% |
| 1997 | 11.55 billion constant LCU | +9.5% |
| 1998 | 12.35 billion constant LCU | +6.9% |
| 1999 | 12.74 billion constant LCU | +3.2% |
| 2000 | 13.46 billion constant LCU | +5.6% |
| 2001 | 14.35 billion constant LCU | +6.6% |
| 2002 | 15.48 billion constant LCU | +7.9% |
| 2003 | 16.77 billion constant LCU | +8.4% |
| 2004 | 18.24 billion constant LCU | +8.7% |
| 2005 | 20.41 billion constant LCU | +11.9% |
| 2006 | 22.93 billion constant LCU | +12.3% |
| 2007 | 25.11 billion constant LCU | +9.5% |
| 2008 | 24.65 billion constant LCU | -1.8% |
| 2009 | 21.27 billion constant LCU | -13.7% |
| 2010 | 20.36 billion constant LCU | -4.3% |
| 2011 | 20.89 billion constant LCU | +2.6% |
| 2012 | 22.34 billion constant LCU | +6.9% |
| 2013 | 22.66 billion constant LCU | +1.4% |
| 2014 | 23.07 billion constant LCU | +1.8% |
| 2015 | 23.88 billion constant LCU | +3.5% |
| 2016 | 24.36 billion constant LCU | +2.0% |
| 2017 | 25.19 billion constant LCU | +3.4% |
| 2018 | 26.12 billion constant LCU | +3.7% |
| 2019 | 26.28 billion constant LCU | +0.6% |
| 2020 | 25.37 billion constant LCU | -3.5% |
| 2021 | 27.22 billion constant LCU | +7.3% |
| 2022 | 27.68 billion constant LCU | +1.7% |
| 2023 | 27.54 billion constant LCU | -0.5% |
| 2024 | 27.51 billion constant LCU | -0.1% |
| 2025 | 28.06 billion constant LCU | +2.0% |
Latvia compared with similar countries
- Latvia's 28.06 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 10% of the median. (70 countries reporting)
- Latvia's 28.06 billion constant LCU is below the median for Europe & Central Asia, which is 405.98 billion constant LCU, 7% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.50 billion constant LCU | 10.33 billion constant LCU | 12.74 billion constant LCU | 5 |
| 2000s | 19.27 billion constant LCU | 13.46 billion constant LCU | 25.11 billion constant LCU | 10 |
| 2010s | 23.52 billion constant LCU | 20.36 billion constant LCU | 26.28 billion constant LCU | 10 |
| 2020s | 27.23 billion constant LCU | 25.37 billion constant LCU | 28.06 billion constant LCU | 6 |
Countries ranked near Latvia
- 148 Jordan 37.56 billion constant LCU compare
- 149 Bosnia and Herzegovina 36.41 billion constant LCU compare
- 150 Azerbaijan 31.02 billion constant LCU compare
- 152 Cyprus 26.92 billion constant LCU compare
- 153 El Salvador 26.26 billion constant LCU compare
- 154 Estonia 25.22 billion constant LCU 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 28.06 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Latvia?
- The highest recorded value was 28.06 billion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 10.33 billion constant LCU in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 151st out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.