Services, value added in Latvia
Latvia: Services, value added was 1.6% in 2025. ◆ Volatile
Services, value added in Latvia, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Latvia is 1.6%, measured in 2025.
The figure is up 187.9% on the previous year and down 47.3% over ten years.
Over the whole period, services, value added in Latvia peaked at 14.2% in 2005 and was at its lowest, -11.2%, in 2009.
Latvia ranks 153rd of 197 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 | 6.1% | 2.6% | 8.0% | 4 |
| 2000s | 6.5% | -11.2% | 14.2% | 10 |
| 2010s | 2.3% | -3.3% | 7.2% | 10 |
| 2020s | 1.9% | -5.2% | 8.9% | 6 |
Countries ranked near Latvia
- 150 South Korea 1.7% compare
- 151 Australia 1.7% compare
- 152 Netherlands 1.7% compare
- 154 Montenegro 1.6% compare
- 155 United Kingdom 1.6% compare
- 156 Sao Tome and Principe 1.5% 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 services, value added in Latvia?
- Services, value added in Latvia was 1.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latvia?
- The highest recorded value was 14.2% in 2005.
- What is the lowest services, value added recorded in Latvia?
- The lowest recorded value was -11.2% in 2009.
- How does Latvia rank for services, value added?
- Latvia ranks 153rd out of 197 countries with data for 2025.
- Is services, value added rising or falling in Latvia?
- Over the last ten years it is down 47.3%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.