Latvia's Gross Domestic Product Increased by 2.1% in 2025
In the fourth quarter of 2025, Latvia's GDP grew by 2.1% compared to the previous year, with significant contributions from manufacturing and construction sectors.
In the fourth quarter of 2025, Latvia experienced a GDP increase of 2.9% compared to the same period in 2024, with seasonally and calendar-adjusted data revealing a 0.6% rise from the third quarter. The actual GDP value reached 11.8 billion euros, highlighting a notable growth primarily fueled by the manufacturing sector. In addition, the construction, trade, and information and communications services sectors also made substantial contributions to this growth. While the manufacturing and construction sectors thrived, adding significant value to the economy, there was a contrasting downturn in agriculture, forestry, and fisheries, which saw a 3.2% decline. These sectors, particularly forestry and logging activities, contributed to a reduction in overall output. The services sector also showed increases, but at a lower rate of 1.6%, indicating a mixed economic performance across various industries during this period. Overall, the results reflect a varied landscape in Latvia's economic development, with some sectors performing robustly while others faced challenges. The ongoing growth in manufacturing and service sectors suggests an adaptive economy, but the struggles in traditional industries like agriculture highlight areas of concern that may need strategic focus for balanced economic health in the future.