Gross value added at basic prices (GVA) in Latvia
Latvia: Gross value added at basic prices (GVA) was 28.06 billion constant LCU in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Latvia stood at 28.06 billion constant LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 17.5% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latvia peaked at 28.06 billion constant LCU in 2025 and was at its lowest, 10.33 billion constant LCU, in 1995.
Latvia ranks 151st of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.50 billion constant LCU | 10.33 billion constant LCU | 12.74 billion constant LCU | 5 |
| 2000s | 19.27 billion constant LCU | 13.46 billion constant LCU | 25.11 billion constant LCU | 10 |
| 2010s | 23.52 billion constant LCU | 20.36 billion constant LCU | 26.28 billion constant LCU | 10 |
| 2020s | 27.23 billion constant LCU | 25.37 billion constant LCU | 28.06 billion constant LCU | 6 |
Countries ranked near Latvia
- 148 Jordan 37.56 billion constant LCU compare
- 149 Bosnia and Herzegovina 36.41 billion constant LCU compare
- 150 Azerbaijan 31.02 billion constant LCU compare
- 152 Cyprus 26.92 billion constant LCU compare
- 153 El Salvador 26.26 billion constant LCU compare
- 154 Estonia 25.22 billion constant LCU compare
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Latvia?
- Gross value added at basic prices (gva) in Latvia was 28.06 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Latvia?
- The highest recorded value was 28.06 billion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 10.33 billion constant LCU in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 151st out of 197 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Latvia?
- Over the last ten years it is up 17.5%. 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 Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.