Services, value added (constant LCU), annual growth rate in Latvia
Latvia: Services, value added (constant LCU), annual growth rate was 1.64 % change on previous year in 2025. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded 1.64 % change on previous year for services, value added (constant lcu), annual growth rate in 2025.
That represents a change of up 187.8% on the previous year and down 47.3% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Latvia peaked at 14.18 % change on previous year in 2005 and was at its lowest, -11.17 % change on previous year, in 2009.
Latvia ranks 152nd of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 2.55 % change on previous year | — |
| 1997 | 7.96 % change on previous year | +212.0% |
| 1998 | 8.01 % change on previous year | +0.6% |
| 1999 | 5.69 % change on previous year | -29.0% |
| 2000 | 6.06 % change on previous year | +6.5% |
| 2001 | 7.17 % change on previous year | +18.3% |
| 2002 | 6.58 % change on previous year | -8.3% |
| 2003 | 10.03 % change on previous year | +52.4% |
| 2004 | 9.57 % change on previous year | -4.6% |
| 2005 | 14.18 % change on previous year | +48.3% |
| 2006 | 12.38 % change on previous year | -12.7% |
| 2007 | 10.98 % change on previous year | -11.3% |
| 2008 | -0.7247 % change on previous year | -106.6% |
| 2009 | -11.17 % change on previous year | +1441.7% |
| 2010 | -3.33 % change on previous year | -70.2% |
| 2011 | 1.84 % change on previous year | -155.2% |
| 2012 | 7.21 % change on previous year | +292.2% |
| 2013 | 2.56 % change on previous year | -64.5% |
| 2014 | 2.62 % change on previous year | +2.3% |
| 2015 | 3.11 % change on previous year | +19.1% |
| 2016 | 3.03 % change on previous year | -2.6% |
| 2017 | 2.31 % change on previous year | -24.0% |
| 2018 | 4.27 % change on previous year | +85.1% |
| 2019 | -0.2278 % change on previous year | -105.3% |
| 2020 | -5.17 % change on previous year | +2169.0% |
| 2021 | 8.89 % change on previous year | -272.0% |
| 2022 | 5.66 % change on previous year | -36.3% |
| 2023 | 0.072 % change on previous year | -98.7% |
| 2024 | 0.5697 % change on previous year | +691.5% |
| 2025 | 1.64 % change on previous year | +187.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.05 % change on previous year | 2.55 % change on previous year | 8.01 % change on previous year | 4 |
| 2000s | 6.5 % change on previous year | -11.17 % change on previous year | 14.18 % change on previous year | 10 |
| 2010s | 2.34 % change on previous year | -3.33 % change on previous year | 7.21 % change on previous year | 10 |
| 2020s | 1.94 % change on previous year | -5.17 % change on previous year | 8.89 % change on previous year | 6 |
Countries ranked near Latvia
- 149 Republic of Korea 1.74 % change on previous year compare
- 150 Australia 1.72 % change on previous year compare
- 151 Netherlands 1.67 % change on previous year compare
- 153 Montenegro 1.62 % change on previous year compare
- 154 United Kingdom of Great Britain and Northern Ireland 1.61 % change on previous year compare
- 155 Sao Tome and Principe 1.54 % change on previous year compare
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Latvia?
- Services, value added (constant lcu), annual growth rate in Latvia was 1.64 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 14.18 % change on previous year in 2005.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -11.17 % change on previous year in 2009.
- How does Latvia rank for services, value added (constant lcu), annual growth rate?
- Latvia ranks 152nd out of 196 countries with data for 2025.
- Is services, value added (constant lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 47.3%. 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 Services, value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.