Latvia Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Latvia's services value added was 64.82% in 2025, ranked 54th globally. This represents a 0.3% increase from 2024. Data from World Bank, covering 1995–2025.
Overview
Latvia's services value added stood at 64.82% in 2025, a rise of +0.22% from 2024. Based on recent trends, this figure is projected to reach 64.82% by 2025. Latvia ranked 54th globally.
Latvia’s services value added has risen steadily since the earliest record in 1995, when it stood at 52.89 % of gross domestic product, to reach 64.82 % in 2025, placing the country 54th in the world. The upward trajectory culminated in an all‑time peak of 64.87 % in 2009, a level only marginally above the 2025 figure, suggesting that the post‑crisis expansion largely persisted. Throughout the 31‑year span, the indicator never fell below the 1995 trough, reflecting a durable shift toward a service‑oriented economy. Latvia’s performance aligns closely with peers such as Iceland, which recorded 64.95 % in the same period, and Montenegro at 65.04 %, underscoring a regional convergence among small, open economies that have leveraged tourism, finance and ICT. Continued integration into European digital markets and the expansion of high‑value services could sustain incremental gains, while any slowdown in global demand or domestic labor constraints might temper future growth.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 66.16% | - | - |
| 2026* trend | 65.49% | - | - |
| 2025* trend | 64.82% | - | - |
| 2025 | 64.82% | +0.22% | #54 |
| 2024 | 64.60% | +0.74% | #131 |
| 2023 | 63.86% | +2.21% | #140 |
| 2022 | 61.65% | +0.02% | #135 |
| 2021 | 61.62% | −0.76% | #133 |
| 2020 | 62.39% | −0.71% | #134 |
| 2019 | 63.10% | −0.16% | #141 |
| 2018 | 63.26% | −0.16% | #141 |
| 2017 | 63.42% | −0.95% | #143 |
| 2016 | 64.37% | +0.24% | #146 |
| 2015 | 64.13% | −0.17% | #146 |
| 2014 | 64.30% | +0.76% | #144 |
| 2013 | 63.54% | +0.50% | #141 |
| 2012 | 63.04% | +0.16% | #141 |
| 2011 | 62.89% | −0.84% | #139 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's services value added was 64.82% in 2025. Ranked 54th globally. This represents a 0.3% increase from the previous year.
Latvia's services value added peaked at 64.87% in 2009.
The lowest services value added in Latvia was 52.89% in 1995.
Latvia ranks 54th globally in services value added as of 2025.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
Latvia's services value added is projected to reach 64.82% by 2025 based on trend extrapolation.
The services value added of Latvia in 2025 was 64.82%. This ranks 54th in the world.
Cite this page
@misc{historysaid_latvia_services-value-added,
title = {Latvia Services Value Added},
url = {https://historysaid.com/latvia/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}