Gross value added at basic prices (GVA) (current LCU), annual growth in Latvia
Latvia: Gross value added at basic prices (GVA) (current LCU), annual growth was 5.5 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), annual growth in Latvia is 5.5 % change on previous year, measured in 2025.
The figure is up 185.4% on the previous year and up 34.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Latvia peaked at 32.58 % change on previous year in 2007 and was at its lowest, -20.7 % change on previous year, in 2009.
That places Latvia 127th out of 205 countries with data for 2025, putting it 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) (current LCU), annual growth in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 15.74 % change on previous year | — |
| 1997 | 15.36 % change on previous year | -2.4% |
| 1998 | 10.78 % change on previous year | -29.8% |
| 1999 | 5.33 % change on previous year | -50.6% |
| 2000 | 10.26 % change on previous year | +92.6% |
| 2001 | 9.88 % change on previous year | -3.7% |
| 2002 | 11.28 % change on previous year | +14.2% |
| 2003 | 11.59 % change on previous year | +2.7% |
| 2004 | 16.46 % change on previous year | +42.0% |
| 2005 | 22.04 % change on previous year | +33.9% |
| 2006 | 23.59 % change on previous year | +7.0% |
| 2007 | 32.58 % change on previous year | +38.1% |
| 2008 | 10.06 % change on previous year | -69.1% |
| 2009 | -20.7 % change on previous year | -305.7% |
| 2010 | -5.17 % change on previous year | -75.0% |
| 2011 | 7.13 % change on previous year | -238.0% |
| 2012 | 10.28 % change on previous year | +44.1% |
| 2013 | 3.54 % change on previous year | -65.5% |
| 2014 | 3.76 % change on previous year | +6.1% |
| 2015 | 4.1 % change on previous year | +9.1% |
| 2016 | 2.46 % change on previous year | -39.9% |
| 2017 | 6.15 % change on previous year | +149.9% |
| 2018 | 7.52 % change on previous year | +22.1% |
| 2019 | 5.36 % change on previous year | -28.7% |
| 2020 | -0.8734 % change on previous year | -116.3% |
| 2021 | 10.62 % change on previous year | -1316.5% |
| 2022 | 12.33 % change on previous year | +16.0% |
| 2023 | 10.36 % change on previous year | -15.9% |
| 2024 | 1.93 % change on previous year | -81.4% |
| 2025 | 5.5 % change on previous year | +185.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.8 % change on previous year | 5.33 % change on previous year | 15.74 % change on previous year | 4 |
| 2000s | 12.7 % change on previous year | -20.7 % change on previous year | 32.58 % change on previous year | 10 |
| 2010s | 4.51 % change on previous year | -5.17 % change on previous year | 10.28 % change on previous year | 10 |
| 2020s | 6.64 % change on previous year | -0.8734 % change on previous year | 12.33 % change on previous year | 6 |
Countries ranked near Latvia
- 124 Portugal 5.57 % change on previous year compare
- 125 Barbados 5.52 % change on previous year compare
- 126 Poland 5.5 % change on previous year compare
- 128 Bolivia 5.5 % change on previous year compare
- 129 Saint Kitts and Nevis 5.49 % change on previous year compare
- 130 Jamaica 5.47 % change on previous year compare
More economy & growth data for Latvia
- 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 unit 0.5567 constant 2015 US$ per US$ of GDP (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) (current lcu), annual growth in Latvia?
- Gross value added at basic prices (gva) (current lcu), annual growth in Latvia was 5.5 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Latvia?
- The highest recorded value was 32.58 % change on previous year in 2007.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Latvia?
- The lowest recorded value was -20.7 % change on previous year in 2009.
- How does Latvia rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Latvia ranks 127th out of 205 countries with data for 2025.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Latvia?
- Over the last ten years it is up 34.0%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current 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 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.