Gross value added at basic prices (GVA) in Latvia
Latvia: Gross value added at basic prices (GVA) was 42.27 billion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Latvia is 42.27 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
The figure is up 10.1% on the previous year and up 83.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latvia peaked at 42.27 billion current US$ in 2025 and was at its lowest, 4.96 billion current US$, in 1995.
That places Latvia 100th out of 206 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.67 billion current US$ | 4.96 billion current US$ | 6.51 billion current US$ | 5 |
| 2000s | 15.69 billion current US$ | 6.93 billion current US$ | 30.55 billion current US$ | 10 |
| 2010s | 24.96 billion current US$ | 20.82 billion current US$ | 28.68 billion current US$ | 10 |
| 2020s | 35.60 billion current US$ | 28.97 billion current US$ | 42.27 billion current US$ | 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 42.27 billion current US$ 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 42.27 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latvia?
- The lowest recorded value was 4.96 billion current US$ in 1995.
- How does Latvia rank for gross value added at basic prices (gva)?
- Latvia ranks 100th 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 83.4%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.