Latvia - Financial Services and Insurance Gross Value Added
Since 2015, Latvia Financial Services and Insurance Gross Value Added decreased by 7.3% year on year. With €708.7 Million in 2020, the country was ranked number 49 among other countries in Financial Services and Insurance Gross Value Added. Latvia is overtaken by Liechtenstein, which was ranked number 48 with €739.6 Million and is followed by Bosnia and Herzegovina with €682.8 Million. United States topped the ranking with €1,344,165.2 Million in 2019, that is +4.2% versus 2018. China, Japan and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +11.7% per year, while Latvia witnessed the worst performance at -7.3% per year.
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| Date | Million Euros |
|---|---|
| 2020 | 708.70 |
| 2019 | 778.60 |
| 2018 | 906.50 |
| 2017 | 908.50 |
| 2016 | 1,041.30 |
How does Latvia rank in Financial Services and Insurance Gross Value Added?
| # | 54 Countries | Million Euros | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
1,344,165.20 | 2019 | +4.2 % | +7.4 % | View data | |
| 2 |
#2
China
|
996,407.50 | 2019 | +10.2 % | +11.7 % | View data | |
| 48 |
#48
Liechtenstein
|
739.60 | 2018 | +24.9 % | NA | View data | |
| 49 |
#49
Latvia
|
708.70 | 2020 | -9.0 % | -7.3 % | View data | |
| 50 |
#50
Bosnia and Herzegovina
|
682.80 | 2019 | +4.3 % | +5.3 % | View data | |