According to data from the Latvian Statistics Office, Latvia's economy experienced a growth of 2.1 percent in 2025 compared to the previous year, with the GDP reaching 43.0 billion euros at current prices. The growth in GDP was significantly contributed by the manufacturing and construction sectors, showcasing a resilience in these industries despite potential challenges. In the fourth quarter of 2025, GDP at constant prices rose by 2.9 percent in comparison to the same period in 2024, indicating a steady economic trajectory over the year.

In the last quarter of 2025, Latvia's GDP at current prices was recorded at 11.8 billion euros, with manufacturing once again being the leading contributor to this positive economic performance. Other sectors, such as construction, retail, and information and communication services, also played a supportive role in the growth during the fourth quarter. In contrast, sectors like agriculture, forestry, fisheries, and transport showed declines, pointing to uneven growth across the economy.

Overall, the value added in productive sectors increased by 3.2 percent in 2025, while the service sector saw a growth of 1.6 percent. The decline in the agriculture and related industries, which decreased by 3.2 percent, raises concerns regarding their future viability and the need for potential reforms or support to diversify and strengthen these sectors in the wake of impressive growth figures elsewhere in the economy.