Gross value added at basic prices (GVA) in Latvia
Latvia: Gross value added at basic prices (GVA) was 37.41 billion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Latvia recorded 37.41 billion current LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 31 years on record.
That represents a change of up 5.5% on the previous year and up 80.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latvia peaked at 37.41 billion current LCU in 2025 and was at its lowest, 3.48 billion current LCU, in 1995.
Latvia ranks 159th of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.54 billion current LCU | 3.48 billion current LCU | 5.42 billion current LCU | 5 |
| 2000s | 11.99 billion current LCU | 5.98 billion current LCU | 20.90 billion current LCU | 10 |
| 2010s | 20.48 billion current LCU | 15.72 billion current LCU | 25.59 billion current LCU | 10 |
| 2020s | 32.10 billion current LCU | 25.37 billion current LCU | 37.41 billion current LCU | 6 |
Countries ranked near Latvia
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 37.41 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Latvia?
- The highest recorded value was 37.41 billion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 3.48 billion current LCU in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 159th out of 206 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 80.1%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.