Economy & Growth in Latvija 24 indicators covering economy & growth for Latvija. IndicatorLatest Year10-yr change Rank Gross domestic product (GDP) and Gross value added (GVA) in volume by 109 Index, 2020=100 2024 up 21.0% 220th Gross domestic product (GDP) at current market prices by NUTS 2 region 40,298 Million euro 2024 up 77.1% 224th Average annual population to calculate regional GDP data (thousand) 1,865 Thousand 2024 down 6.5% 202nd Gross domestic product (GDP) at current market prices by NUTS 3 region 40,298 Million euro 2024 up 77.1% 303rd Gross value added at basic prices by NUTS 3 region 35,114 Current prices, million euro 2024 up 76.3% 311th Economic accounts for agriculture by NUTS 2 region - values at 571.1 Million euro 2024 up 83.9% 65th Income quintile share ratio S80/S20 by NUTS 2 region 6.7 Index 2025 up 3.1% 6th Agricultural land prices by region 4,825 Euro per hectare 2024 up 89.1% 219th Agricultural land renting prices for one year by region 111 Euro per hectare 2024 up 192.1% 162nd Irrigation of agricultural holdings by utilised agricultural area 1.97 million Hectare 2023 up 4.9% 16th Farms and hectares by crops, utilised agricultural area, economic 1.97 million Hectare 2023 up 4.9% 16th Business demography by size class and NUTS 3 region 146,301 2020 — 141st Business demography and high growth enterprise by NACE Rev. 2 and 146,301 2020 — 141st Beneficiary of rural development support measures by legal form 1.97 million Hectare 2023 up 4.9% 3rd Type of other gainful activities directly related to the agricultural 55,160 Annual working unit (AWU) 2023 down 33.3% 10th Economic accounts for agriculture by NUTS 2 region 150.79 Million euro 2008 up 175.7% 182nd Permanent grassland by area under corresponding crop, utilised 600,320 Hectare 2023 down 8.2% 3rd Main farm indicators by rural development support measures, utilized 1.78 billion Euro 2023 up 79.7% 27th Main farm indicators by organic farming, utilised agricultural area 1.78 billion Euro 2023 up 79.7% 27th Farm indicators by age and sex of the manager, economic size of the 1.78 billion Euro 2023 up 79.7% 27th Farm indicators by legal status of the holding, utilised agricultural 1.78 billion Euro 2023 up 79.7% 27th Farm indicators by other gainful activities related to the holder 1.78 billion Euro 2023 up 79.7% 27th Organic crops by utilised agricultural area, economic size of the 297,410 Hectare 2023 up 62.5% 1st Organic animal farming by utilised agricultural area, livestock unit 68,630 Livestock unit (LSU) 2023 up 10.2% 4th