In 2019 GDP of Latvia at current prices was EUR 30.6 billion. 52.8 % (EUR 16.2 billion) of GDP of Latvia is attributable to the capital Riga, which was followed by Pierīga with 16.9 % (EUR 5.1 billion), covering two thirds (69.7 %) of the GDP of Latvia. According to the Central Statistical Bureau data on the GDP by regions, the share was followed by Kurzeme with 9.3 % (EUR 2.9 billion), Zemgale with 7.7 % (EUR 2.4 billion), Latgale and Vidzeme with 6.6 % (EUR 2 billion) in each.

Given that regions differ in size and population, it is useful to compare statistical regions in terms of their productivity or GDP per capita. Although the share of Latgale and Vidzeme regions in the total economy is equal, the productivity in Vidzeme exceeds the productivity in Latgale by 38.9 %. The highest GDP per capita is in Riga (EUR 25.8 thousand), but the lowest – in Latgale region (EUR 7.9 thousand). Thus productivity in Riga is 3.3 times larger than in Latgale.

GDP by statistical regions in 2019 and 2018
(at current prices)

Territory	GDP (million EUR)		Changes (as per cent)	Structure (as per cent)		GDP per capita, EUR
Territory	2019	2018	against 2018	2019	2018	2019	2018
LATVIA	30 647.2	29 153.6	5.1	100	100	16 019	15 135
Riga region	16 174.1	16 402.9	-1.4	52.8	56.3	25 810	25 832
Pierīga region	5 149.9	4 423.9	16.4	16.9	15.3	13 808	11 997
Vidzeme region	2 027.3	1 812.5	11.9	6.6	6.2	10 915	9 682
Kurzeme region	2 860.2	2 579.3	10.9	9.3	8.8	11 954	10 682
Zemgale region	2 361.1	2 023.7	16.7	7.7	6.9	10 269	8 744
Latgale region	2 033.1	1 871.7	8.6	6.6	6.4	7 861	7 133
Extra-regio*	41.5	39.6	4.8	0.1	0.1	-	-

Compared to 2018, in 2019 the GDP grew the fastest in Zemgale region – by 16.7 % (EUR 337.4 million) and in Pieriga – by 16.4 % (EUR 726 million). With the growth of the GDP of other regions as well as the decrease of the GDP of Riga, in 2019, compared to 2018, the share of Riga in the total economy of Latvia decreased by 3.5 percentage points.

In 2019, among the large cities, the largest GDP per capita – EUR 25.8 thousand – was in the capital. In the second place there was Valmiera with EUR 20.9 thousand, in the third place – Liepāja with EUR 14.4 thousand. It was followed by Ventspils with EUR 12.8 thousand, Jelgava with EUR 12.6 thousand, Rēzekne with EUR 11.3 thousand, Jēkabpils with EUR 10.7 thousand, Daugavpils with EUR 9.8 thousand and Jūrmala with EUR 8.6 thousand.

The Central Statistical Bureau has calculated regional Gross Domestic Product (GDP) for 2019, as well as revised data for the period 2000-2018, taking into account the national GDP and value added revision published on 30 September this year.

More information on GDP and value added in the regions is available in the Official statistics portal section Economy “Gross domestic product and value added – annual data” subsection “Regional accounts”.

*According to the methodology of the European System of National and Regional Accounts (ESA 2010), the Extra-regio consists of parts economic territory of a country that cannot be added to a single region (ESA 2010, paragraph 13.11). The Extra-regio territory of Latvia is small and belongs to the general government sector. In practice, the Extra-regio of Latvia consists of military and defence representatives and diplomatic missions abroad. Data from the Extra-regio are obtained from the Treasury report. Taking into account that the Extra-regio does not cover residents, according to ESA 2010 paragraph 13.44 data on the GDP per capita and the respective indices are not shown.

Methodological information

The published data are adjusted in line with the Guidelines for CSB Revision Policy. The adjustments are made due to receipt of specified information as well as latest administrative data, inclusion of new economically active enterprises and institutions in surveys, specification of economic activity of sector of enterprises.

More information on the GDP is available in Official statistics portal section Economy “Gross domestic product – annual data”.

The calculations by regions are based on Gross Domestic Product of Latvia from the aspect of production at current prices by kind of activity according to indicators received from economically active units in the region. GDP of the region is calculated as the sum of value added and product taxes of the institutional units of the kind of economic activity in the region less subsidies. The value added (and GDP, respectively) of each institutional unit is reallocated according to the information available to the CSB on the geographical location of the local kind-of-activity unit in proportion to the number of employees. If local kind-of-activity units are not specified, the value added of the institutional unit is added to the relevant territory according to the legal address.

Media requests:
Communication Section
E-mail: media@csp.gov.lv
Tel: +371 27880666

More information on the data:
Elīna Štāla
Annual National Accounts Section
E-mail: Elina.Stala@csp.gov.lv
Phone: +371 67366828

GDP annual data

KEY INDICATORS

Gross domestic product and gross value added GIK01

Productivity GIK02

Press releases

RIKP2301 CSB publishes a detailed GDP estimate for 2021

RIKP2201 CSB revises GDP estimates of 2020 and 2021

RIKR2101 52.8 % of GDP of Latvia in 2019 is attributable to Riga

RIKP2301

CSB publishes a detailed GDP estimate for 2021

RIKP2201

CSB revises GDP estimates of 2020 and 2021

RIKR2101

52.8 % of GDP of Latvia in 2019 is attributable to Riga