The latest data confirms that Valmiera’s economy continues to thrive! In 2022, Valmiera secured a solid 2nd position in the country by GDP, behind only Riga, and with a significant and consistent growth trajectory compared to previous years.
According to the Central Statistical Bureau’s recent report on GDP in Latvian cities and regions, Valmiera’s GDP per capita reached EUR 24,344 (up from EUR 19,000 in 2020), demonstrating a steady upward trend. This growth continues to outpace the national GDP average. For comparison, the GDP per capita in Vidzeme is EUR 11,869 (EUR 11,100 in 2020).
Gross Domestic Product (GDP) is an important indicator of the economic development process, reflecting a country’s economic performance and describing the level of well-being of its population (expressed as GDP per capita). GDP is calculated according to a common methodology and is therefore used as the main indicator of economic growth to compare the economic situation of countries both internationally and nationally.
Source: Central Statistical Bureau