Latvia - Financial and Insurance Activities Gross Value Added
Since 2014, Latvia Financial and Insurance Activities Gross Value Added fell by 7.3points year on year. In 2019, the country was ranked number 34 comparing other countries in Financial and Insurance Activities Gross Value Added with 2.96 Percent of Gross Value Added. Latvia is overtaken by Slovakia, which was number 33 at 3.12 Percent of Gross Value Added and is followed by Finland at 2.96 Percent of Gross Value Added. Luxembourg lead the ranking with 26.79 Percent of Gross Value Added in 2019, an increase of 2.2points versus 2018. South Africa, Switzerland and Australia respectively ranked number 2, 3 and 4 in this ranking. Brazil witnessed the best average annual growth at +3.7points per year, while Latvia was the worst growing country at -7.3points per year.
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| Date | Percent of Gross Value Added |
|---|---|
| 2019 | 2.96 |
| 2018 | 3.58 |
| 2017 | 3.86 |
| 2016 | 4.70 |
| 2015 | 4.79 |
How does Latvia rank in Financial and Insurance Activities Gross Value Added?
| # | 36 Countries | Percent of Gross Value Added | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Luxembourg
|
26.79 % | 2019 | +2.2 % | +0.2 % | View data | |
| 2 |
#2
South Africa
|
13.84 % | 2019 | +0.1 % | -0.8 % | View data | |
| 33 |
#33
Slovakia
|
3.12 % | 2019 | -1.7 % | -3.1 % | View data | |
| 34 |
#34
Latvia
|
2.96 % | 2019 | -17.4 % | -7.3 % | View data | |
| 35 |
#35
Finland
|
2.96 % | 2019 | -8.7 % | -1.7 % | View data | |