Gross value added at basic prices (GVA) in Latvia
Latvia: Gross value added at basic prices (GVA) was 42.27 billion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Latvia is 42.27 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
The figure is up 10.1% on the previous year and up 83.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latvia peaked at 42.27 billion current US$ in 2025 and was at its lowest, 4.96 billion current US$, in 1995.
That places Latvia 100th out of 207 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 4.96 billion current US$ | — |
| 1996 | 5.14 billion current US$ | +3.6% |
| 1997 | 5.62 billion current US$ | +9.4% |
| 1998 | 6.13 billion current US$ | +9.1% |
| 1999 | 6.51 billion current US$ | +6.2% |
| 2000 | 6.93 billion current US$ | +6.4% |
| 2001 | 7.35 billion current US$ | +6.1% |
| 2002 | 8.31 billion current US$ | +13.0% |
| 2003 | 10.03 billion current US$ | +20.7% |
| 2004 | 12.36 billion current US$ | +23.2% |
| 2005 | 14.42 billion current US$ | +16.8% |
| 2006 | 17.96 billion current US$ | +24.5% |
| 2007 | 25.98 billion current US$ | +44.6% |
| 2008 | 30.55 billion current US$ | +17.6% |
| 2009 | 23.04 billion current US$ | -24.6% |
| 2010 | 20.82 billion current US$ | -9.6% |
| 2011 | 23.41 billion current US$ | +12.4% |
| 2012 | 23.86 billion current US$ | +1.9% |
| 2013 | 25.53 billion current US$ | +7.0% |
| 2014 | 26.50 billion current US$ | +3.8% |
| 2015 | 23.04 billion current US$ | -13.1% |
| 2016 | 23.55 billion current US$ | +2.2% |
| 2017 | 25.52 billion current US$ | +8.3% |
| 2018 | 28.68 billion current US$ | +12.4% |
| 2019 | 28.65 billion current US$ | -0.1% |
| 2020 | 28.97 billion current US$ | +1.1% |
| 2021 | 33.19 billion current US$ | +14.6% |
| 2022 | 33.19 billion current US$ | +0.0% |
| 2023 | 37.62 billion current US$ | +13.3% |
| 2024 | 38.38 billion current US$ | +2.0% |
| 2025 | 42.27 billion current US$ | +10.1% |
Latvia compared with similar countries
- Latvia's 42.27 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 38% of the median. (77 countries reporting)
- Latvia's 42.27 billion current US$ is below the median for Europe & Central Asia, which is 89.25 billion current US$, 47% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.67 billion current US$ | 4.96 billion current US$ | 6.51 billion current US$ | 5 |
| 2000s | 15.69 billion current US$ | 6.93 billion current US$ | 30.55 billion current US$ | 10 |
| 2010s | 24.96 billion current US$ | 20.82 billion current US$ | 28.68 billion current US$ | 10 |
| 2020s | 35.60 billion current US$ | 28.97 billion current US$ | 42.27 billion current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (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 42.27 billion current US$ 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 42.27 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 4.96 billion current US$ in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 100th out of 207 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 83.4%. The long-run trend across the full record is volatile.
- 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) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.