Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Latvia
Latvia: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.4253 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2025, services, value added (constant 2015 us$), per unit of gdp in Latvia stood at 0.4253 constant 2015 US$ per US$ of GDP. That is the lowest value across all 31 years on record.
The figure is down 8.0% on the previous year and down 33.7% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Latvia peaked at 1.13 constant 2015 US$ per US$ of GDP in 1995 and was at its lowest, 0.4253 constant 2015 US$ per US$ of GDP, in 2025.
Latvia ranks 126th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.13 constant 2015 US$ per US$ of GDP | — |
| 1996 | 1.13 constant 2015 US$ per US$ of GDP | -0.8% |
| 1997 | 1.11 constant 2015 US$ per US$ of GDP | -1.4% |
| 1998 | 1.09 constant 2015 US$ per US$ of GDP | -1.7% |
| 1999 | 1.1 constant 2015 US$ per US$ of GDP | +0.6% |
| 2000 | 1.1 constant 2015 US$ per US$ of GDP | +0.1% |
| 2001 | 1.12 constant 2015 US$ per US$ of GDP | +1.5% |
| 2002 | 1.05 constant 2015 US$ per US$ of GDP | -5.6% |
| 2003 | 0.9535 constant 2015 US$ per US$ of GDP | -9.5% |
| 2004 | 0.8495 constant 2015 US$ per US$ of GDP | -10.9% |
| 2005 | 0.8225 constant 2015 US$ per US$ of GDP | -3.2% |
| 2006 | 0.7376 constant 2015 US$ per US$ of GDP | -10.3% |
| 2007 | 0.5686 constant 2015 US$ per US$ of GDP | -22.9% |
| 2008 | 0.4865 constant 2015 US$ per US$ of GDP | -14.4% |
| 2009 | 0.5741 constant 2015 US$ per US$ of GDP | +18.0% |
| 2010 | 0.6076 constant 2015 US$ per US$ of GDP | +5.8% |
| 2011 | 0.5464 constant 2015 US$ per US$ of GDP | -10.1% |
| 2012 | 0.5742 constant 2015 US$ per US$ of GDP | +5.1% |
| 2013 | 0.5477 constant 2015 US$ per US$ of GDP | -4.6% |
| 2014 | 0.5411 constant 2015 US$ per US$ of GDP | -1.2% |
| 2015 | 0.6413 constant 2015 US$ per US$ of GDP | +18.5% |
| 2016 | 0.6419 constant 2015 US$ per US$ of GDP | +0.1% |
| 2017 | 0.6059 constant 2015 US$ per US$ of GDP | -5.6% |
| 2018 | 0.5585 constant 2015 US$ per US$ of GDP | -7.8% |
| 2019 | 0.5597 constant 2015 US$ per US$ of GDP | +0.2% |
| 2020 | 0.5263 constant 2015 US$ per US$ of GDP | -6.0% |
| 2021 | 0.501 constant 2015 US$ per US$ of GDP | -4.8% |
| 2022 | 0.5319 constant 2015 US$ per US$ of GDP | +6.2% |
| 2023 | 0.4728 constant 2015 US$ per US$ of GDP | -11.1% |
| 2024 | 0.4623 constant 2015 US$ per US$ of GDP | -2.2% |
| 2025 | 0.4253 constant 2015 US$ per US$ of GDP | -8.0% |
Latvia compared with similar countries
- Latvia's 0.4253 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 80% of the median. (69 countries reporting)
- Latvia's 0.4253 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.4391 constant 2015 US$ per US$ of GDP, 97% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 constant 2015 US$ per US$ of GDP | 1.09 constant 2015 US$ per US$ of GDP | 1.13 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.8261 constant 2015 US$ per US$ of GDP | 0.4865 constant 2015 US$ per US$ of GDP | 1.12 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.5824 constant 2015 US$ per US$ of GDP | 0.5411 constant 2015 US$ per US$ of GDP | 0.6419 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.4866 constant 2015 US$ per US$ of GDP | 0.4253 constant 2015 US$ per US$ of GDP | 0.5319 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 123 Algeria 0.4359 constant 2015 US$ per US$ of GDP compare
- 124 Gambia 0.4335 constant 2015 US$ per US$ of GDP compare
- 125 Morocco 0.4302 constant 2015 US$ per US$ of GDP compare
- 127 Ethiopia 0.4222 constant 2015 US$ per US$ of GDP compare
- 128 Indonesia 0.4221 constant 2015 US$ per US$ of GDP compare
- 129 Cote d'Ivoire 0.4184 constant 2015 US$ 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 services, value added (constant 2015 us$), per unit of gdp in Latvia?
- Services, value added (constant 2015 us$), per unit of gdp in Latvia was 0.4253 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 1.13 constant 2015 US$ per US$ of GDP in 1995.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.4253 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for services, value added (constant 2015 us$), per unit of gdp?
- Latvia ranks 126th out of 195 countries with data for 2025.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 33.7%. 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 Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.