Services, value added in Latvia, Republic of
Latvia, Republic of: Services, value added was 1.6% in 2025. ◆ Volatile
Services, value added in Latvia, Republic of, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Latvia, Republic of is 1.6%, measured in 2025.
The figure is up 187.9% on the previous year and down 47.3% over ten years.
Over the whole period, services, value added in Latvia, Republic of peaked at 14.2% in 2005 and was at its lowest, -11.2%, in 2009.
Latvia, Republic of ranks 153rd of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.1% | 2.6% | 8.0% | 4 |
| 2000s | 6.5% | -11.2% | 14.2% | 10 |
| 2010s | 2.3% | -3.3% | 7.2% | 10 |
| 2020s | 1.9% | -5.2% | 8.9% | 6 |
Countries ranked near Latvia, Republic of
- 150 Korea, Republic of 1.7% compare
- 151 Australia 1.7% compare
- 152 Netherlands, The 1.7% compare
- 154 Montenegro 1.6% compare
- 155 United Kingdom 1.6% compare
- 156 São Tomé and Príncipe, Democratic Republic of 1.5% compare
More economy & growth data for Latvia, Republic of
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
- US dollar per domestic currency (End-of-period (EoP)) 1.94 (2013)
- Gdp worldbank constant usd, annual growth rate 2.14 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.642 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 16,892 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0 units per person (2025)
- External balance on goods and services as a percent of gdp -4.58 (2025)
Frequently asked questions
- What is services, value added in Latvia, Republic of?
- Services, value added in Latvia, Republic of was 1.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latvia, Republic of?
- The highest recorded value was 14.2% in 2005.
- What is the lowest services, value added recorded in Latvia, Republic of?
- The lowest recorded value was -11.2% in 2009.
- How does Latvia, Republic of rank for services, value added?
- Latvia, Republic of ranks 153rd out of 197 countries with data for 2025.
- Is services, value added rising or falling in Latvia, Republic of?
- Over the last ten years it is down 47.3%. The long-run trend across the full record is volatile.
- Where does this Latvia, Republic of data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.