GERD by sector of performance and type of expenditure in Latvia

Latvia: GERD by sector of performance and type of expenditure was 372.64 in 2024. ◆ Volatile

Latest (2024)
372.64
Change on year
up 14.9%
World rank
34th
of 39 countries
All-time high
372.64
in 2024
All-time low
9
in 1993
Years of data
32
1993–2024

GERD by sector of performance and type of expenditure in Latvia, 1993–2024

01002003004001993200820241993: 91994: 131995: 17.91996: 18.71997: 21.11998: 24.31999: 24.82000: 37.52001: 37.72002: 41.52003: 37.72004: 46.72005: 72.72006: 112.32007: 125.62008: 141.62009: 84.92010: 108.72011: 140.72012: 146.52013: 139.82014: 162.82015: 152.22016: 110.42017: 137.92018: 186.22019: 195.22020: 221.12021: 248.92022: 293.22023: 324.32024: 372.6

Source: Eurostat.

Analysis

Latvia recorded 372.64 for gerd by sector of performance and type of expenditure in 2024. That is the highest value across all 32 years on record.

Compared with earlier readings it is up 14.9% on the previous year and up 128.9% over ten years.

Over the whole period, gerd by sector of performance and type of expenditure in Latvia peaked at 372.64 in 2024 and was at its lowest, 9, in 1993.

That places Latvia 34th out of 39 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GERD by sector of performance and type of expenditure in Latvia, year by year

Annual values for GERD by sector of performance and type of expenditure in Latvia, 1993 to 2024.
Year Value Change
1993 9
1994 13.04 +44.9%
1995 17.85 +36.9%
1996 18.67 +4.6%
1997 21.07 +12.8%
1998 24.28 +15.3%
1999 24.79 +2.1%
2000 37.54 +51.4%
2001 37.74 +0.6%
2002 41.53 +10.0%
2003 37.72 -9.2%
2004 46.71 +23.8%
2005 72.69 +55.6%
2006 112.32 +54.5%
2007 125.6 +11.8%
2008 141.6 +12.7%
2009 84.88 -40.1%
2010 108.65 +28.0%
2011 140.73 +29.5%
2012 146.52 +4.1%
2013 139.76 -4.6%
2014 162.8 +16.5%
2015 152.2 -6.5%
2016 110.4 -27.5%
2017 137.9 +24.9%
2018 186.2 +35.0%
2019 195.2 +4.8%
2020 221.12 +13.3%
2021 248.86 +12.5%
2022 293.2 +17.8%
2023 324.27 +10.6%
2024 372.64 +14.9%

Averages by decade

DecadeAverage LowestHighest Years
1990s 18.38 9 24.79 7
2000s 73.83 37.54 141.6 10
2010s 148.04 108.65 195.2 10
2020s 292.02 221.12 372.64 5

Countries ranked near Latvia

  1. 31 Estonia 791.06 compare
  2. 32 Serbia 773.63 compare
  3. 33 Iceland 757.42 compare
  4. 35 Cyprus 224.9 compare
  5. 36 Malta 125.71 compare
  6. 37 North Macedonia 53.94 compare

See the full ranking of 44 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is gerd by sector of performance and type of expenditure in Latvia?
Gerd by sector of performance and type of expenditure in Latvia was 372.64 in 2024, according to Eurostat.
What is the highest gerd by sector of performance and type of expenditure recorded in Latvia?
The highest recorded value was 372.64 in 2024.
What is the lowest gerd by sector of performance and type of expenditure recorded in Latvia?
The lowest recorded value was 9 in 1993.
How does Latvia rank for gerd by sector of performance and type of expenditure?
Latvia ranks 34th out of 39 countries with data for 2024.
Is gerd by sector of performance and type of expenditure rising or falling in Latvia?
Over the last ten years it is up 128.9%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from Eurostat, published as part of GERD by sector of performance and type of expenditure. Statizoid updates them automatically from the source API.

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GERD by sector of performance and type of expenditure in Latvia. Statizoid, drawing on Eurostat. Retrieved 23 August 2026, from https://reference.statizoid.com/stat/gerd-by-sector-of-performance-and-type-of-expenditure/latvia/

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About this data

Indicator
GERD by sector of performance and type of expenditure
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 1,440 data points, 1980–2024
Last refreshed