Services, value added in Latvia
Latvia: Services, value added was 21.46 billion constant LCU in 2025. ▲ Rising
Services, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Latvia stood at 21.46 billion constant LCU. That is the highest value across all 31 years on record.
That represents a change of up 1.6% on the previous year and up 22.4% over ten years.
Over the whole period, services, value added in Latvia peaked at 21.46 billion constant LCU in 2025 and was at its lowest, 6.60 billion constant LCU, in 1995.
Latvia ranks 151st of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.39 billion constant LCU | 6.60 billion constant LCU | 8.35 billion constant LCU | 5 |
| 2000s | 13.12 billion constant LCU | 8.85 billion constant LCU | 17.36 billion constant LCU | 10 |
| 2010s | 17.22 billion constant LCU | 14.80 billion constant LCU | 19.27 billion constant LCU | 10 |
| 2020s | 20.44 billion constant LCU | 18.23 billion constant LCU | 21.46 billion constant LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is services, value added in Latvia?
- Services, value added in Latvia was 21.46 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latvia?
- The highest recorded value was 21.46 billion constant LCU in 2025.
- What is the lowest services, value added recorded in Latvia?
- The lowest recorded value was 6.60 billion constant LCU in 1995.
- How does Latvia rank for services, value added?
- Latvia ranks 151st out of 198 countries with data for 2025.
- Is services, value added rising or falling in Latvia?
- Over the last ten years it is up 22.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.