Services, value added in Latvia
Latvia: Services, value added was 64.2% in 2025. ▲ Rising
Services, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Latvia is 64.2%, measured in 2025.
That represents a change of down 0.8% on the previous year and up 0.2% over ten years.
Over the whole period, services, value added in Latvia peaked at 64.9% in 2009 and was at its lowest, 52.9%, in 1995.
That places Latvia 61st out of 204 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 52.9% | — |
| 1996 | 54.4% | +2.9% |
| 1997 | 54.8% | +0.7% |
| 1998 | 57.6% | +5.2% |
| 1999 | 59.8% | +3.8% |
| 2000 | 60.5% | +1.1% |
| 2001 | 62.0% | +2.6% |
| 2002 | 61.8% | -0.3% |
| 2003 | 62.8% | +1.6% |
| 2004 | 62.6% | -0.3% |
| 2005 | 63.5% | +1.4% |
| 2006 | 62.6% | -1.5% |
| 2007 | 62.1% | -0.8% |
| 2008 | 63.6% | +2.4% |
| 2009 | 64.9% | +2.0% |
| 2010 | 63.7% | -1.8% |
| 2011 | 62.9% | -1.3% |
| 2012 | 63.0% | +0.2% |
| 2013 | 63.5% | +0.8% |
| 2014 | 64.3% | +1.2% |
| 2015 | 64.1% | -0.3% |
| 2016 | 64.4% | +0.4% |
| 2017 | 63.4% | -1.5% |
| 2018 | 63.3% | -0.3% |
| 2019 | 63.1% | -0.3% |
| 2020 | 62.4% | -1.1% |
| 2021 | 61.6% | -1.2% |
| 2022 | 61.6% | +0.0% |
| 2023 | 63.9% | +3.6% |
| 2024 | 64.7% | +1.4% |
| 2025 | 64.2% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.9% | 52.9% | 59.8% | 5 |
| 2000s | 62.6% | 60.5% | 64.9% | 10 |
| 2010s | 63.6% | 62.9% | 64.4% | 10 |
| 2020s | 63.1% | 61.6% | 64.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.1724 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 4,535 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Latvia?
- Services, value added in Latvia was 64.2% 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 64.9% in 2009.
- What is the lowest services, value added recorded in Latvia?
- The lowest recorded value was 52.9% in 1995.
- How does Latvia rank for services, value added?
- Latvia ranks 61st out of 204 countries with data for 2025.
- Is services, value added rising or falling in Latvia?
- Over the last ten years it is up 0.2%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.