Physical size of farms by utilised agricultural area and legal form in Latvia
Latvia: Physical size of farms by utilised agricultural area and legal form was 1.78 billion Euro in 2023. ▲ Rising
Latest (2023)
1.78 billion Euro
Change on year
up 31.2%
World rank
32nd
of 40 countries
All-time high
1.78 billion Euro
in 2023
All-time low
597.29 million Euro
in 2007
Years of data
7
2005–2023
Physical size of farms by utilised agricultural area and legal form in Latvia, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
Latvia recorded 1.78 billion Euro for physical size of farms by utilised agricultural area and legal form in 2023. That is the highest value across all 7 years on record.
That represents a change of up 31.2% on the previous year and up 79.7% over ten years.
Over the whole period, physical size of farms by utilised agricultural area and legal form in Latvia peaked at 1.78 billion Euro in 2023 and was at its lowest, 597.29 million Euro, in 2007.
Latvia ranks 32nd of 40 countries on this measure, in the bottom quarter.
Physical size of farms by utilised agricultural area and legal form in Latvia, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 604.00 million Euro | — |
| 2007 | 597.29 million Euro | -1.1% |
| 2010 | 796.95 million Euro | +33.4% |
| 2013 | 990.01 million Euro | +24.2% |
| 2016 | 1.22 billion Euro | +23.4% |
| 2020 | 1.36 billion Euro | +11.0% |
| 2023 | 1.78 billion Euro | +31.2% |
Latvia compared with similar countries
- Latvia's 1.78 billion Euro is below the median for Europe & Central Asia, which is 7.96 billion Euro, 22% of the median. (29 countries reporting)
- Latvia's 1.78 billion Euro is below the median for high income countries, which is 7.66 billion Euro, 23% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 600.65 million Euro | 597.29 million Euro | 604.00 million Euro | 2 |
| 2010s | 1.00 billion Euro | 796.95 million Euro | 1.22 billion Euro | 3 |
| 2020s | 1.57 billion Euro | 1.36 billion Euro | 1.78 billion Euro | 2 |
Countries ranked near Latvia
More agriculture & rural data for Latvia
- Agriculture, forestry, and fishing, value added (current US$), annual 12.21 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0401 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,055 current US$ per person (2025)
- Rural population, annual growth rate -1.45 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.3137 units per person (2025)
- Share of GDP from agriculture 4.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 4.0% (2025)
- Agricultural raw materials exports 9.8% (2025)
- Agricultural raw materials imports 2.1% (2025)
Frequently asked questions
- What is physical size of farms by utilised agricultural area and legal form in Latvia?
- Physical size of farms by utilised agricultural area and legal form in Latvia was 1.78 billion Euro in 2023, according to Eurostat.
- What is the highest physical size of farms by utilised agricultural area and legal form recorded in Latvia?
- The highest recorded value was 1.78 billion Euro in 2023.
- What is the lowest physical size of farms by utilised agricultural area and legal form recorded in Latvia?
- The lowest recorded value was 597.29 million Euro in 2007.
- How does Latvia rank for physical size of farms by utilised agricultural area and legal form?
- Latvia ranks 32nd out of 40 countries with data for 2023.
- Is physical size of farms by utilised agricultural area and legal form rising or falling in Latvia?
- Over the last ten years it is up 79.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Physical size of farms by utilised agricultural area and legal form. Statizoid updates them automatically from the source API.
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