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Latvia Music Industry Outlook 2022 - 2026

See how Latvia Music performed compared to key markets such as Germany, the United Kingdom and France.

Key Market Indicators

Music revenue in Latvia is set to reach €3.5 million by 2026, up from €3.2 million in 2021, with a year-on-year decline of 0.1% on average. Since 2013, the Latvian market has grown by 5.7% annually. Latvia was 29th in 2021, with Lithuania just ahead at €3.2 million. The UK, France, and Sweden took the top three spots. Music expenditure in Latvia is set to reach €1.5 billion by 2026, up from €1.27 billion in 2021, with an average year-on-year growth of 1.1%. Since 2000, demand in Latvia has decreased by 2.7% annually. In 2021, Latvia was 28th, with Serbia ahead at €1.27 billion. Germany, France, and Italy occupied the top three positions.

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Latvia Music Market Data and Forecasts