RIKR2502
65.8 % of GDP of Latvia in 2023 is attributable to the Riga region
According to the Central Statistical Bureau (CSB) data, in 2023 GDP of Latvia at current prices was EUR 39.6 billion. 65.8 % (EUR 26.0 billion) of GDP of Latvia is attributable to the Riga region and the capital1. It is followed by Kurzeme, ensuring 10.2 % (EUR 4.0 billion), Vidzeme 9.0 % (EUR 3.5 billion), Zemgale – 7.8 % (EUR 3.1 billion), and Latgale – 7.1 % (EUR 2.8 billion).
Taking into account differences in regional population sizes, it is useful to compare statistical regions by GDP per capita. The highest GDP per capita is in Riga region (EUR 30.4 thousand), but the lowest – in Latgale region (EUR 11.5 thousand). Thus, productivity in the Riga region is 2.6 times higher than in the Latgale region. GDP per capita in Kurzeme is EUR 14.5 thousand, in Vidzeme – EUR 12.8 thousand, in Zemgale – EUR 13.6 thousand.
GDP by statistical regions in 2023 and 2022
(at current prices)
| Territory | GDP (million EUR) | Changes (as per cent) | Structure (as per cent) | GDP per capita, EUR | |||
| 2023 | 2022 | over 2022 | 2023 | 2022 | 2023 | 2022 | |
| LATVIA | 39 564 | 36 089 | 9.6 | 100 % | 100 % | 21 028 | 19 133 |
| Riga region | 26 049 | 23 314 | 11.7 | 65.8 % | 64.6 % | 30 440 | 27 239 |
| Kurzeme region | 4 026 | 3 713 | 8.4 | 10.2 % | 10.3 % | 14 452 | 13 311 |
| Zemgale region | 3 067 | 2 985 | 2.7 | 7.8 % | 8.3 % | 13 626 | 13 208 |
| Latgale region | 2 822 | 2 682 | 5.2 | 7.1 % | 7.4 % | 11 536 | 10 842 |
| Vidzeme region | 3 542 | 3 347 | 5.8 | 9.0 % | 9.3 % | 12 762 | 12 041 |
| Extra-regio* | 59 | 47 | 25.2 | 0.1 % | 0.1 % | - | - |
* Extra regio –GDP and value added (VA) produced by Latvian residents outside Latvia.
Compared to 2022, in 2023 the GDP grew the fastest in Riga region – by 11.7 % (EUR 2.7 billion EUR). Upturn was observed in all regions, however, the weakest GDP growth was registered in Zemgale – by 2.7 % (EUR 81.2 million).
In 2023, among state cities, the largest GDP per capita – EUR 34.4 thousand – was recorded in the capital. It was followed by Valmiera with EUR 28.0 thousand, Liepāja with EUR 17.8 thousand, Rēzekne and Ventspils with EUR 17.4 thousand, Jelgava with EUR 16.7 thousand, Jēkabpils with EUR 15.2 thousand, Daugavpils with EUR 14.8 thousand, Jūrmala with EUR 11.5 thousand, and Ogre with EUR 10.3 thousand per capita.
In 2023, the highest GDP per capita was recorded in Mārupe municipality (EUR 45.5 thousand), followed by Ropaži municipality (EUR 26.9 thousand) and Ķekava municipality (EUR 22.1 thousand). Also, Līvāni, Valmiera, Olaine, Smiltene, Ādaži, Saldus and Dobele municipalities are in TOP 10.
The CSB has calculated regional GDP for 2023 and revised the data for 2000–2022, incorporating the national GDP and value added revisions published on 30 September this year, as well as conducting a detailed time series analysis by municipalities and sectors.
More information on the 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.
More information on the GDP is available in official statistics portal section Economy Gross domestic product – annual data.
Methodological information
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.
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 the latest administrative data, inclusion of new economically active enterprises and institutions in surveys, specification of economic activity of sector of enterprises.
* 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.
1 Statistical regions. 10.01.2024. https://stat.gov.lv/en/statistics-themes/environment/nature-resources/publications-and-infographics/21408-statistical
Varakļāni municipality has been included within Madona municipality for the entire time series, in accordance with the amendments to the Law on Administrative Territories and Populated Areas that entered into force on 30 June 2024.
Media requests:
Public Relations Section
E-mail: media@csp.gov.lv
Phone: +371 27880666
More information on the annual data revision:
Inese Medne
Annual National Accounts Section
E-mail: Inese.Medne@csp.gov.lv
Phone: +371 67366799
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