Services, value added (current LCU), per unit of GDP in Latvia
Latvia: Services, value added (current LCU), per unit of GDP was 0.5685 current LCU per US$ of GDP in 2025. ▲ Rising
Services, value added (current LCU), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Latvia recorded 0.5685 current LCU per US$ of GDP for services, value added (current lcu), per unit of gdp in 2025.
That represents a change of down 4.9% on the previous year and down 1.6% over ten years.
Over the whole period, services, value added (current lcu), per unit of gdp in Latvia peaked at 0.598 current LCU per US$ of GDP in 2024 and was at its lowest, 0.3708 current LCU per US$ of GDP, in 1995.
Latvia ranks 184th of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added (current LCU), per unit of GDP in Latvia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3708 current LCU per US$ of GDP | — |
| 1996 | 0.4263 current LCU per US$ of GDP | +15.0% |
| 1997 | 0.453 current LCU per US$ of GDP | +6.3% |
| 1998 | 0.4837 current LCU per US$ of GDP | +6.8% |
| 1999 | 0.498 current LCU per US$ of GDP | +2.9% |
| 2000 | 0.5218 current LCU per US$ of GDP | +4.8% |
| 2001 | 0.554 current LCU per US$ of GDP | +6.2% |
| 2002 | 0.544 current LCU per US$ of GDP | -1.8% |
| 2003 | 0.5108 current LCU per US$ of GDP | -6.1% |
| 2004 | 0.4816 current LCU per US$ of GDP | -5.7% |
| 2005 | 0.5106 current LCU per US$ of GDP | +6.0% |
| 2006 | 0.4992 current LCU per US$ of GDP | -2.2% |
| 2007 | 0.4539 current LCU per US$ of GDP | -9.1% |
| 2008 | 0.4349 current LCU per US$ of GDP | -4.2% |
| 2009 | 0.4667 current LCU per US$ of GDP | +7.3% |
| 2010 | 0.4812 current LCU per US$ of GDP | +3.1% |
| 2011 | 0.4524 current LCU per US$ of GDP | -6.0% |
| 2012 | 0.4907 current LCU per US$ of GDP | +8.5% |
| 2013 | 0.4786 current LCU per US$ of GDP | -2.5% |
| 2014 | 0.484 current LCU per US$ of GDP | +1.1% |
| 2015 | 0.578 current LCU per US$ of GDP | +19.4% |
| 2016 | 0.5816 current LCU per US$ of GDP | +0.6% |
| 2017 | 0.5614 current LCU per US$ of GDP | -3.5% |
| 2018 | 0.5357 current LCU per US$ of GDP | -4.6% |
| 2019 | 0.5636 current LCU per US$ of GDP | +5.2% |
| 2020 | 0.5462 current LCU per US$ of GDP | -3.1% |
| 2021 | 0.521 current LCU per US$ of GDP | -4.6% |
| 2022 | 0.5854 current LCU per US$ of GDP | +12.4% |
| 2023 | 0.5906 current LCU per US$ of GDP | +0.9% |
| 2024 | 0.598 current LCU per US$ of GDP | +1.3% |
| 2025 | 0.5685 current LCU per US$ of GDP | -4.9% |
Latvia compared with similar countries
- Latvia's 0.5685 current LCU per US$ of GDP is below the median for high income countries, which is 0.8057 current LCU per US$ of GDP, 71% of the median. (77 countries reporting)
- Latvia's 0.5685 current LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.7678 current LCU per US$ of GDP, 74% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4464 current LCU per US$ of GDP | 0.3708 current LCU per US$ of GDP | 0.498 current LCU per US$ of GDP | 5 |
| 2000s | 0.4978 current LCU per US$ of GDP | 0.4349 current LCU per US$ of GDP | 0.554 current LCU per US$ of GDP | 10 |
| 2010s | 0.5207 current LCU per US$ of GDP | 0.4524 current LCU per US$ of GDP | 0.5816 current LCU per US$ of GDP | 10 |
| 2020s | 0.5683 current LCU per US$ of GDP | 0.521 current LCU per US$ of GDP | 0.598 current LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 181 Italy 0.5709 current LCU per US$ of GDP compare
- 182 Germany 0.5704 current LCU per US$ of GDP compare
- 183 Ecuador 0.5697 current LCU per US$ of GDP compare
- 185 Austria 0.5668 current LCU per US$ of GDP compare
- 186 Bulgaria 0.5617 current LCU per US$ of GDP compare
- 187 Montenegro 0.5609 current LCU 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 (current lcu), per unit of gdp in Latvia?
- Services, value added (current lcu), per unit of gdp in Latvia was 0.5685 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest services, value added (current lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.598 current LCU per US$ of GDP in 2024.
- What is the lowest services, value added (current lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.3708 current LCU per US$ of GDP in 1995.
- How does Latvia rank for services, value added (current lcu), per unit of gdp?
- Latvia ranks 184th out of 204 countries with data for 2025.
- Is services, value added (current lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (current LCU) ÷ GDP (current US$)
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 (current 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.