Azerbaijan vs Latvia: Gross value added at basic prices (GVA)

Azerbaijan

31.02 billion constant LCU

in 2025

Latvia

28.06 billion constant LCU

in 2025

Azerbaijan rank

150th

Latvia rank

151st

Gross value added at basic prices (GVA) over time

Azerbaijan
Latvia

How they compare

Azerbaijan currently reports 31.02 billion constant LCU against 28.06 billion constant LCU in Latvia, a difference of 2.97 billion constant LCU.

That makes Azerbaijan's figure about 1.1 times Latvia's.

The two have swapped places 1 time across 31 shared years of data; in 1995 it was Latvia ahead.

Globally, Azerbaijan ranks 150th and Latvia ranks 151st of 197 countries.

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About this data

Indicator: Gross value added at basic prices (GVA) (constant LCU)
Unit: constant LCU
Source: Country official statistics, National Statistical Offices (NSOs)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 197 places, 8,338 data points, 1960–2025
Last refreshed: 06 August 2026

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.