Latvia LV: GDP: USD: Gross Value Added at Basic Price

1995 - 2024 | Yearly | USD mn | World Bank

Latvia LV: GDP: USD: Gross Value Added at Basic Price data was reported at 38.065 USD bn in 2024. This records an increase from the previous number of 37.615 USD bn for 2023. Latvia LV: GDP: USD: Gross Value Added at Basic Price data is updated yearly, averaging 23.040 USD bn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 38.065 USD bn in 2024 and a record low of 4.962 USD bn in 1995. Latvia LV: GDP: USD: Gross Value Added at Basic Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank.WDI: Gross Domestic Product: Nominal. 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.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);Gap-filled total;

View Latvia's Latvia LV: GDP: USD: Gross Value Added at Basic Price from 1995 to 2024 in the chart:

Get this data

Latvia Latvia LV: GDP: USD: Gross Value Added at Basic Price

What was Latvia's Latvia LV: GDP: USD: Gross Value Added at Basic Price in 2024?

Last	Previous	Min	Max	Unit	Frequency	Range
38,064.763 2024	37,615.349 2023	4,962.343 1995	38,064.763 2024	USD mn	yearly	1995 - 2024

Related Indicators for Latvia LV: GDP: USD: Gross Value Added at Basic Price

Related indicators	Last	Frequency	Range
Latvia LV: GDP: USD: Gross Value Added at Basic Price (USD mn)	38,064.763 2024	yearly	1995 - 2024
Latvia LV: Gross National Income: Linked Series (EUR mn)	40,433.950 2023	yearly	1990 - 2023
Latvia LV: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Ser... (EUR mn)	24,668.333 2023	yearly	1994 - 2023
Latvia LV: GDP: USD: Gross Value Added at Basic Price: Industry (including Const... (USD mn)	8,077.652 2024	yearly	1995 - 2024
Latvia LV: GDP: Gross Value Added at Basic Prices (EUR mn)	35,167.637 2024	yearly	1995 - 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Latvia Key Series

National Accounts	Last	Frequency	Range
Forecast: GDP PPP Per Capita (PPP Intl $)	49,984.890 2027	yearly	1992 - 2027
Forecast: Nominal GDP Per Capita (USD)	33,119.532 2028	yearly	1992 - 2028
Forecast: Real GDP Growth (%)	3.377 2027	yearly	1993 - 2027
GDP Deflator Growth (%)	5.9 Sep 2025	quarterly	Mar 1996 - Sep 2025
GDP per Capita (USD)	23,407.484 2024	yearly	1995 - 2024
Gross Fixed Capital Formation (USD mn)	3,357.758 Sep 2025	quarterly	Mar 1995 - Sep 2025
Gross National Product (GNP) (USD mn)	12,903.594 Sep 2025	quarterly	Mar 1995 - Sep 2025
Gross Savings Rate (%)	21.4 Sep 2025	quarterly	Mar 1995 - Sep 2025
Investment: % of GDP (%)	25.5 Sep 2025	quarterly	Mar 1992 - Sep 2025
Nominal GDP (USD mn)	12,499.0 Sep 2025	quarterly	Mar 1995 - Sep 2025
Nominal GDP Growth (%)	7.758 Sep 2025	quarterly	Mar 1996 - Sep 2025
Private Consumption Expenditure (USD mn)	7,595.895 Sep 2025	quarterly	Mar 1995 - Sep 2025
Private Consumption: % of GDP (%)	58.1 Sep 2025	quarterly	Mar 1995 - Sep 2025
Public Consumption Expenditure (USD mn)	2,682.213 Sep 2025	quarterly	Mar 1995 - Sep 2025
Public Consumption: % of GDP (%)	20.5 Sep 2025	quarterly	Mar 1992 - Sep 2025
Real GDP Growth (%)	1.8 Sep 2025	quarterly	Mar 1996 - Sep 2025
Total Trade of Goods & Services: % of Nominal GDP (%)	129.057 Sep 2025	quarterly	Mar 1992 - Sep 2025

Production	Last	Frequency	Range
Industrial Production Index Growth (%)	6.1 Sep 2025	monthly	Jan 2001 - Sep 2025
Minerals Production (Metric Ton)	348,070.000 2023	yearly	2009 - 2023

Sales, Orders, Inventory & Shipments	Last	Frequency	Range
New Orders Growth (%)	-5.7 Dec 2012	monthly	Jan 2006 - Dec 2012

Construction and Properties	Last	Frequency	Range
Building Permits (Unit)	1,198.000 Sep 2025	quarterly	Mar 2003 - Sep 2025
House Prices Growth (%)	6.7 Jun 2025	quarterly	Mar 2007 - Jun 2025
Nominal Residential Property Price Index (2010=100)	261.620 Jun 2025	quarterly	Mar 2006 - Jun 2025
Nominal Residential Property Price Index Growth (%)	6.740 Jun 2025	quarterly	Mar 2007 - Jun 2025
Real Residential Property Price Index (2010=100)	160.500 Jun 2025	quarterly	Mar 2006 - Jun 2025
Real Residential Property Price Index Growth (%)	2.865 Jun 2025	quarterly	Mar 2007 - Jun 2025

Government and Public Finance	Last	Frequency	Range
Consolidated Fiscal Balance: % of GDP (%)	-1.7 Jun 2025	quarterly	Dec 1999 - Jun 2025
Forecast: Government Expenditure (EUR bn)	24.710 2030	yearly	1998 - 2030
Forecast: Government Net Debt (EUR bn)	29.376 2030	yearly	1998 - 2030
Forecast: Government Revenue (EUR bn)	22.340 2030	yearly	1998 - 2030
Government Debt: % of GDP (%)	48.0 Jun 2025	quarterly	Mar 2000 - Jun 2025
National Government Debt (USD mn)	23,276.2 Jun 2025	quarterly	Mar 2000 - Jun 2025
Tax Revenue (USD mn)	2,851.008 Jun 2025	quarterly	Mar 1999 - Jun 2025
Consolidated Fiscal Balance (USD mn)	282.710 Jun 2025	quarterly	Mar 1999 - Jun 2025
Tax Revenue: % of GDP (%)	23.6 Jun 2025	quarterly	Mar 1999 - Jun 2025

More Indicators for Latvia

Indicators	Last	Frequency	Range
Latvia LV: Labour Force Participation Rate: Modeled ILO Estimate: Aged 15-24 (%)	39.73 2017	yearly	1990 - 2017
Latvia LV: BOP: Financial Account: Net (USD mn)	488.56 2016	yearly	1992 - 2016
Latvia LV: Firms Competing Against Unregistered Firms: % of Firms (%)	26.50 2013	yearly	2009 - 2013
Latvia LV: Firm with Female Top Manager: % of Firms (%)	31.50 2013	yearly	2009 - 2013
Latvia LV: GDP: per Capita (EUR)	12,720.70 2016	yearly	1995 - 2016
Latvia LV: GDP: GNI per Capita (EUR)	12,689.99 2016	yearly	1995 - 2016
Latvia LV: Prevalence of Anemia among Children: % of Children Under 5 (%)	26.10 2016	yearly	1990 - 2016
Latvia LV: Cause of Death: by Communicable Diseases & Maternal, Prenatal & Nutri... (%)	2.80 2015	yearly	2000 - 2015
Latvia LV: Cause of Death: by Injury: % of Total (%)	5.30 2015	yearly	2000 - 2015
Latvia LV: Cause of Death: by Non-Communicable Diseases: % of Total (%)	91.90 2015	yearly	2000 - 2015
Latvia LV: Mortality Rate: Under-5: Female: per 1000 Live Births (Ratio)	4.20 2016	yearly	1990 - 2016
Latvia LV: Mortality Rate: Under-5: Male: per 1000 Live Births (Ratio)	4.90 2016	yearly	1990 - 2016
Latvia LV: Prevalence of Anemia among Pregnant Women: % (%)	25.40 2016	yearly	1990 - 2016
Latvia LV: Diabetes Prevalence: % of Population Aged 20-79 (%)	4.91 2017	yearly	2017 - 2017
Latvia LV: Mortality Rate: Infant: Female: per 1000 Live Births (Ratio)	3.70 2016	yearly	1990 - 2016
Latvia LV: Mortality Rate: Infant: Male: per 1000 Live Births (Ratio)	4.20 2016	yearly	1990 - 2016
Latvia LV: Domestic Credit: to Private Sector by Banks: % of GDP (%)	67.64 2016	yearly	2010 - 2016
Latvia LV: Lower Secondary Completion Rate: Female: % of Relevant Age Group (%)	103.71 2015	yearly	2013 - 2015
Latvia LV: Lower Secondary Completion Rate: Male: % of Relevant Age Group (%)	101.14 2015	yearly	2013 - 2015
Latvia LV: Lower Secondary Completion Rate: Total: % of Relevant Age Group (%)	102.38 2015	yearly	1995 - 2015
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15-24: Female (%)	31.58 2016	yearly	1998 - 2016
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15-24: Male (%)	34.01 2016	yearly	1998 - 2016
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15-24 (%)	32.82 2016	yearly	1998 - 2016
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15+: Female (%)	50.37 2016	yearly	1996 - 2016
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15+: Male (%)	59.80 2016	yearly	1996 - 2016
Latvia LV: Employment To Population Ratio: National Estimate: Aged 15+ (%)	54.59 2016	yearly	1996 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Female: Aged 15-2... (%)	35.94 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Male: Aged 15-24 (%)	43.25 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Aged 15-24 (%)	39.68 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Female: % of Fema... (%)	54.99 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Ratio of Female t... (%)	81.94 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: Male: % of Male P... (%)	67.11 2016	yearly	1989 - 2016
Latvia LV: Labour Force Participation Rate: National Estimate: % of Total Popula... (%)	60.42 2016	yearly	1989 - 2016
Latvia LV: Unemployment: National Estimate: Youth Female: % of Female Labour For... (%)	12.14 2016	yearly	1998 - 2016
Latvia LV: Unemployment: National Estimate: Youth Male: % of Male Labour Force A... (%)	21.36 2016	yearly	1998 - 2016
Latvia LV: Unemployment: National Estimate: Youth: % of Total Labour Force Aged ... (%)	17.29 2016	yearly	1998 - 2016
Latvia LV: Unemployment: National Estimate: Female: % of Female Labour Force (%)	8.40 2016	yearly	1992 - 2016
Latvia LV: Unemployment: National Estimate: Male: % of Male Labour Force (%)	10.90 2016	yearly	1992 - 2016
Latvia LV: Unemployment: National Estimate: % of Total Labour Force (%)	9.64 2016	yearly	1992 - 2016
Latvia LV:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP pe... (Intl $/kg)	10.19 2014	yearly	1995 - 2014
Latvia LV: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price (kg)	98.18 2014	yearly	1995 - 2014
Latvia LV: CO2 Emissions: Kg per PPP of(GDP) Gross Domestic Product2011 Price (kg)	0.16 2014	yearly	1995 - 2014
Latvia LV: GDP: PPP: 2011 Price: Household Final Consumption Expenditure (Intl $ mn)	25,169.48 2016	yearly	1994 - 2016
Latvia LV: GDP: PPP: 2011 Price (Intl $ mn)	46,527.76 2016	yearly	1995 - 2016
Latvia LV: GDP: PPP: 2011 Price:(GDP) Gross Domestic Productper Capita (Intl $)	23,744.26 2016	yearly	1995 - 2016
Latvia LV: GNI: PPP: 2011 Price (Intl $)	46,413,596,931.88 2016	yearly	1995 - 2016
Latvia LV: GNI: PPP: 2011 Price: GNI per Capita (Intl $)	23,686.00 2016	yearly	1995 - 2016
Latvia Real Retail Trade Turnover Index: Non Specialized Stores: Primarily Food (2000=100)	215.90 2008	yearly	1998 - 2008
Latvia Real Retail Trade Turnover Index: Non Specialized Stores: Mainly Non Food (2000=100)	183.50 2008	yearly	1998 - 2008
Latvia Real Retail Trade Turnover Index: Specialized Stores: Pharmaceutical, Cos... (2000=100)	214.00 2008	yearly	1998 - 2008
Latvia Real Retail Trade Turnover Index: Specialized Stores: Textile Fabrics, Cl... (2000=100)	518.30 2008	yearly	1998 - 2008
Latvia Real Retail Trade Turnover Index: Specialized Stores: Household Goods & B... (2000=100)	377.00 2008	yearly	1998 - 2008
Latvia Real Retail Trade Turnover Index: Specialized Stores: Other Goods (2000=100)	228.30 2008	yearly	1998 - 2008
Latvia Real Effective Exchange Rate Index: Base on Consumer Price Index (CPI): M... (Dec1995=100)	153.20 Dec 2009	monthly	Dec 1995 - Dec 2009
Latvia Real Effective Exchange Rate Index: Base on Consumer Price Index (CPI): D... (Dec1995=100)	180.00 Dec 2009	monthly	Dec 1995 - Dec 2009
Latvia Real Effective Exchange Rate Index: Base on Consumer Price Index (CPI): E... (Dec1995=100)	110.30 Dec 2009	monthly	Dec 1995 - Dec 2009
Latvia Real Effective Exchange Rate Index: Base on PPI: Main Trade Partners (Dec1995=100)	156.10 Dec 2008	monthly	Dec 1995 - Dec 2008
Latvia Real Effective Exchange Rate Index: Base on PPI: Developed Countries (Dec1995=100)	169.80 Dec 2008	monthly	Dec 1995 - Dec 2008
Latvia Real Effective Exchange Rate Index: Base on PPI: Estonia, Lithuania, Pola... (Dec1995=100)	131.50 Dec 2008	monthly	Dec 1995 - Dec 2008
Latvia Number of Visitors: Hotels & Similar Accommodation (Person)	415,278.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow United States (Person)	4,984.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Belarus (Person)	8,012.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Denmark (Person)	5,679.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow France (Person)	4,101.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Italy (Person)	5,855.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow United Kingdom (Person)	20,409.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Norway (Person)	10,645.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Poland (Person)	8,528.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Visitor Arrival: Foreign: ow Finland (Person)	15,164.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow United States (Night)	11,099.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Belarus (Night)	25,095.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Denmark (Night)	11,171.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow France (Night)	7,710.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Estonia (Night)	52,158.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Italy (Night)	12,001.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Russian Federation (Night)	119,019.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow United Kingdom (Night)	40,511.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Lithuania (Night)	49,839.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Norway (Night)	22,609.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Poland (Night)	14,039.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Finland (Night)	28,373.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Germany (Night)	44,375.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Length of Stay: Overnight: Foreign Visitor: ow Sweden (Night)	26,011.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Number of Newly Registered Motor Vehicles: Lorries incl Road Tractors (Unit)	2,167.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Number of Newly Registered Motor Vehicles: Buses (Unit)	87.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Number of Newly Registered Motor Vehicles: Motorcycles (Unit)	345.00 Mar 2018	quarterly	Mar 2002 - Mar 2018
Latvia Equities: Riga Stock Exchange: Number of Trading Days (Day)	20.00 May 2018	monthly	Jan 2000 - May 2018
Latvia Equities: Riga Stock Exchange: Turnover Value per Day (EUR mn)	0.05 May 2018	monthly	Jan 2006 - May 2018
Latvia Bonds: Riga Stock Exchange: Number of Trading Days (Day)	21.000 Jun 2018	monthly	Jan 2006 - Jun 2018
Latvia Bonds: Riga Stock Exchange: Turnover Value per Day (EUR mn)	0.000 Jun 2018	monthly	Jan 2006 - Jun 2018
Latvia IPI: sa: Total Industry excl Steam and Water Supply (2000=100)	99.68 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: FB: Processing & Preserving Meat and Meat Products (2000=100)	220.90 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: FB: Processing & Preserving Fish and Fish Products (2000=100)	67.50 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: FB: Processing & Preserving Fruit and Vegetables (2000=100)	97.40 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: FB: Grain Mill Products, Starches and Starch Products (2000=100)	103.10 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: FB: Prepared Animal Feeds (2000=100)	179.90 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: Wearing Apparel, Dressing and Dyeing of Fur (2000=100)	54.70 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: Leather, Luggage, Handbags, Saddlery, Harness & Footwear (2000=100)	33.40 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: Wood and of Products of Wood and Cork excl Furniture (WP) (2000=100)	106.00 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia IPI: sa: Mfg: WP: Sawmilling and Planing of Wood & Impregnation of Wood (2000=100)	74.70 Dec 2008	monthly	Jan 2000 - Dec 2008

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo