Services, value added in Latvia
Latvia: Services, value added was 31.24 billion current US$ in 2025. ◆ Volatile
Services, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latvia recorded 31.24 billion current US$ for services, value added in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 9.7% on the previous year and up 84.9% over ten years.
Over the whole period, services, value added in Latvia peaked at 31.24 billion current US$ in 2025 and was at its lowest, 2.97 billion current US$, in 1995.
Latvia ranks 91st of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 2.97 billion current US$ | — |
| 1996 | 3.16 billion current US$ | +6.4% |
| 1997 | 3.48 billion current US$ | +10.3% |
| 1998 | 4.02 billion current US$ | +15.5% |
| 1999 | 4.38 billion current US$ | +9.0% |
| 2000 | 4.69 billion current US$ | +7.1% |
| 2001 | 5.08 billion current US$ | +8.2% |
| 2002 | 5.72 billion current US$ | +12.6% |
| 2003 | 7.06 billion current US$ | +23.5% |
| 2004 | 8.66 billion current US$ | +22.6% |
| 2005 | 10.36 billion current US$ | +19.6% |
| 2006 | 12.79 billion current US$ | +23.5% |
| 2007 | 18.27 billion current US$ | +42.8% |
| 2008 | 21.70 billion current US$ | +18.8% |
| 2009 | 16.67 billion current US$ | -23.2% |
| 2010 | 14.96 billion current US$ | -10.3% |
| 2011 | 16.71 billion current US$ | +11.7% |
| 2012 | 17.09 billion current US$ | +2.3% |
| 2013 | 18.52 billion current US$ | +8.4% |
| 2014 | 19.47 billion current US$ | +5.1% |
| 2015 | 16.89 billion current US$ | -13.2% |
| 2016 | 17.46 billion current US$ | +3.3% |
| 2017 | 18.64 billion current US$ | +6.8% |
| 2018 | 21.03 billion current US$ | +12.8% |
| 2019 | 20.89 billion current US$ | -0.7% |
| 2020 | 20.82 billion current US$ | -0.3% |
| 2021 | 23.53 billion current US$ | +13.0% |
| 2022 | 23.43 billion current US$ | -0.4% |
| 2023 | 27.32 billion current US$ | +16.6% |
| 2024 | 28.48 billion current US$ | +4.3% |
| 2025 | 31.24 billion current US$ | +9.7% |
Latvia compared with similar countries
- Latvia's 31.24 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 44% of the median. (77 countries reporting)
- Latvia's 31.24 billion current US$ is below the median for Europe & Central Asia, which is 66.18 billion current US$, 47% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.60 billion current US$ | 2.97 billion current US$ | 4.38 billion current US$ | 5 |
| 2000s | 11.10 billion current US$ | 4.69 billion current US$ | 21.70 billion current US$ | 10 |
| 2010s | 18.17 billion current US$ | 14.96 billion current US$ | 21.03 billion current US$ | 10 |
| 2020s | 25.80 billion current US$ | 20.82 billion current US$ | 31.24 billion current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is services, value added in Latvia?
- Services, value added in Latvia was 31.24 billion current US$ 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 31.24 billion current US$ in 2025.
- What is the lowest services, value added recorded in Latvia?
- The lowest recorded value was 2.97 billion current US$ in 1995.
- How does Latvia rank for services, value added?
- Latvia ranks 91st out of 206 countries with data for 2025.
- Is services, value added rising or falling in Latvia?
- Over the last ten years it is up 84.9%. The long-run trend across the full record is volatile.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.