Gross domestic product by statistical region and city (at current prices)

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Gross domestic product by regions

Gross domestic product (GDP) represents the total amount of end products and services produced within the territory of a country during a year. It is calculated on the basis of data on domestic production (at current and constant prices), expenditure (at current and constant prices) and income (at current prices only).

Gross domestic product in Latvia from the production approach is used as the basis for calculations by region. It is the sum of Gross value added (at basic prices) of all types of economic activity or institutional sectors and net value of taxes on production. Net value of taxes on production is the difference between taxes on production and product subsidies.