Services, value added (constant LCU), per unit of GDP in Latvia
Latvia: Services, value added (constant LCU), per unit of GDP was 0.4413 constant LCU per US$ of GDP in 2025. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, services, value added (constant lcu), per unit of gdp in Latvia stood at 0.4413 constant LCU per US$ of GDP. That is the lowest value across all 31 years on record.
That represents a change of down 8.0% on the previous year and down 33.7% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Latvia peaked at 1.18 constant LCU per US$ of GDP in 1995 and was at its lowest, 0.4413 constant LCU per US$ of GDP, in 2025.
That places Latvia 175th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Services, value added (constant LCU), per unit of GDP in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.18 constant LCU per US$ of GDP | — |
| 1996 | 1.17 constant LCU per US$ of GDP | -0.8% |
| 1997 | 1.15 constant LCU per US$ of GDP | -1.4% |
| 1998 | 1.13 constant LCU per US$ of GDP | -1.7% |
| 1999 | 1.14 constant LCU per US$ of GDP | +0.6% |
| 2000 | 1.14 constant LCU per US$ of GDP | +0.1% |
| 2001 | 1.16 constant LCU per US$ of GDP | +1.5% |
| 2002 | 1.09 constant LCU per US$ of GDP | -5.6% |
| 2003 | 0.9895 constant LCU per US$ of GDP | -9.5% |
| 2004 | 0.8816 constant LCU per US$ of GDP | -10.9% |
| 2005 | 0.8536 constant LCU per US$ of GDP | -3.2% |
| 2006 | 0.7655 constant LCU per US$ of GDP | -10.3% |
| 2007 | 0.59 constant LCU per US$ of GDP | -22.9% |
| 2008 | 0.5049 constant LCU per US$ of GDP | -14.4% |
| 2009 | 0.5958 constant LCU per US$ of GDP | +18.0% |
| 2010 | 0.6306 constant LCU per US$ of GDP | +5.8% |
| 2011 | 0.5671 constant LCU per US$ of GDP | -10.1% |
| 2012 | 0.5958 constant LCU per US$ of GDP | +5.1% |
| 2013 | 0.5684 constant LCU per US$ of GDP | -4.6% |
| 2014 | 0.5616 constant LCU per US$ of GDP | -1.2% |
| 2015 | 0.6655 constant LCU per US$ of GDP | +18.5% |
| 2016 | 0.6662 constant LCU per US$ of GDP | +0.1% |
| 2017 | 0.6288 constant LCU per US$ of GDP | -5.6% |
| 2018 | 0.5796 constant LCU per US$ of GDP | -7.8% |
| 2019 | 0.5809 constant LCU per US$ of GDP | +0.2% |
| 2020 | 0.5462 constant LCU per US$ of GDP | -6.0% |
| 2021 | 0.5199 constant LCU per US$ of GDP | -4.8% |
| 2022 | 0.552 constant LCU per US$ of GDP | +6.2% |
| 2023 | 0.4907 constant LCU per US$ of GDP | -11.1% |
| 2024 | 0.4798 constant LCU per US$ of GDP | -2.2% |
| 2025 | 0.4413 constant LCU per US$ of GDP | -8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.15 constant LCU per US$ of GDP | 1.13 constant LCU per US$ of GDP | 1.18 constant LCU per US$ of GDP | 5 |
| 2000s | 0.8573 constant LCU per US$ of GDP | 0.5049 constant LCU per US$ of GDP | 1.16 constant LCU per US$ of GDP | 10 |
| 2010s | 0.6044 constant LCU per US$ of GDP | 0.5616 constant LCU per US$ of GDP | 0.6662 constant LCU per US$ of GDP | 10 |
| 2020s | 0.505 constant LCU per US$ of GDP | 0.4413 constant LCU per US$ of GDP | 0.552 constant LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 172 Portugal 0.4659 constant LCU per US$ of GDP compare
- 173 Austria 0.4642 constant LCU per US$ of GDP compare
- 174 United Kingdom of Great Britain and Northern Ireland 0.4635 constant LCU per US$ of GDP compare
- 176 Slovakia 0.4271 constant LCU per US$ of GDP compare
- 177 Estonia 0.418 constant LCU per US$ of GDP compare
- 178 Ireland 0.4131 constant LCU per US$ of GDP compare
More economy & growth data for Latvia
- Exports of goods and services (current LCU), annual growth rate 2.1 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.5538 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 14,570 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.074 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4394 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,562 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 16.57 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2347 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 6,175 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 0.2077 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Latvia?
- Services, value added (constant lcu), per unit of gdp in Latvia was 0.4413 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 1.18 constant LCU per US$ of GDP in 1995.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.4413 constant LCU per US$ of GDP in 2025.
- How does Latvia rank for services, value added (constant lcu), per unit of gdp?
- Latvia ranks 175th out of 197 countries with data for 2025.
- Is services, value added (constant lcu), 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.