Services, value added (current LCU), annual growth rate in Latvia
Latvia: Services, value added (current LCU), annual growth rate was 5.05 % change on previous year in 2025. ◆ Volatile
Services, value added (current LCU), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current lcu), annual growth rate in Latvia is 5.05 % change on previous year, measured in 2025.
Compared with earlier readings it is up 21.5% on the previous year and up 29.3% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Latvia peaked at 30.89 % change on previous year in 2007 and was at its lowest, -19.24 % change on previous year, in 2009.
Latvia ranks 151st of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 18.88 % change on previous year | — |
| 1997 | 16.33 % change on previous year | -13.5% |
| 1998 | 17.3 % change on previous year | +5.9% |
| 1999 | 8.11 % change on previous year | -53.1% |
| 2000 | 11.04 % change on previous year | +36.1% |
| 2001 | 12.05 % change on previous year | +9.2% |
| 2002 | 10.88 % change on previous year | -9.8% |
| 2003 | 14.15 % change on previous year | +30.1% |
| 2004 | 15.94 % change on previous year | +12.6% |
| 2005 | 25.04 % change on previous year | +57.1% |
| 2006 | 22.52 % change on previous year | -10.1% |
| 2007 | 30.89 % change on previous year | +37.2% |
| 2008 | 11.17 % change on previous year | -63.8% |
| 2009 | -19.24 % change on previous year | -272.2% |
| 2010 | -5.82 % change on previous year | -69.8% |
| 2011 | 6.47 % change on previous year | -211.2% |
| 2012 | 10.67 % change on previous year | +65.0% |
| 2013 | 4.86 % change on previous year | -54.5% |
| 2014 | 5.05 % change on previous year | +3.9% |
| 2015 | 3.9 % change on previous year | -22.7% |
| 2016 | 3.57 % change on previous year | -8.6% |
| 2017 | 4.64 % change on previous year | +30.0% |
| 2018 | 7.94 % change on previous year | +71.2% |
| 2019 | 4.75 % change on previous year | -40.2% |
| 2020 | -2.27 % change on previous year | -147.9% |
| 2021 | 9.12 % change on previous year | -501.2% |
| 2022 | 11.83 % change on previous year | +29.7% |
| 2023 | 13.56 % change on previous year | +14.7% |
| 2024 | 4.15 % change on previous year | -69.4% |
| 2025 | 5.05 % change on previous year | +21.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.15 % change on previous year | 8.11 % change on previous year | 18.88 % change on previous year | 4 |
| 2000s | 13.45 % change on previous year | -19.24 % change on previous year | 30.89 % change on previous year | 10 |
| 2010s | 4.6 % change on previous year | -5.82 % change on previous year | 10.67 % change on previous year | 10 |
| 2020s | 6.91 % change on previous year | -2.27 % change on previous year | 13.56 % change on previous year | 6 |
Countries ranked near Latvia
- 148 Turks and Caicos Islands 5.13 % change on previous year compare
- 149 Ecuador 5.09 % change on previous year compare
- 150 Netherlands 5.07 % change on previous year compare
- 152 Spain 4.98 % change on previous year compare
- 153 Sierra Leone 4.96 % change on previous year compare
- 154 Oman 4.96 % change on previous year compare
More economy & growth data for Latvia
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), per unit of GDP 0.5685 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 14,960 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.64 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4253 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 11,190 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Latvia?
- Services, value added (current lcu), annual growth rate in Latvia was 5.05 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 30.89 % change on previous year in 2007.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -19.24 % change on previous year in 2009.
- How does Latvia rank for services, value added (current lcu), annual growth rate?
- Latvia ranks 151st out of 204 countries with data for 2025.
- Is services, value added (current lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 29.3%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.