Services, value added in Latvia
Latvia: Services, value added was 31.24 billion current US$ in 2025. ◆ Volatile
Services, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latvia recorded 31.24 billion current US$ for services, value added in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 9.7% on the previous year and up 84.9% over ten years.
Over the whole period, services, value added in Latvia peaked at 31.24 billion current US$ in 2025 and was at its lowest, 2.97 billion current US$, in 1995.
Latvia ranks 91st of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.60 billion current US$ | 2.97 billion current US$ | 4.38 billion current US$ | 5 |
| 2000s | 11.10 billion current US$ | 4.69 billion current US$ | 21.70 billion current US$ | 10 |
| 2010s | 18.17 billion current US$ | 14.96 billion current US$ | 21.03 billion current US$ | 10 |
| 2020s | 25.80 billion current US$ | 20.82 billion current US$ | 31.24 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 services, value added in Latvia?
- Services, value added in Latvia was 31.24 billion current US$ 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 31.24 billion current US$ in 2025.
- What is the lowest services, value added recorded in Latvia?
- The lowest recorded value was 2.97 billion current US$ in 1995.
- How does Latvia rank for services, value added?
- Latvia ranks 91st out of 205 countries with data for 2025.
- Is services, value added rising or falling in Latvia?
- Over the last ten years it is up 84.9%. 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 (current US$). Statizoid updates them automatically from the source API.
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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 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.