Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Latvia
Latvia: Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP was 3.53 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Latvia, 1993–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Latvia recorded 3.53 Percent per annum for africa's development dynamics (afdd) table 04 - annual real gdp in 2029.
That represents a change of down 0.3% on the previous year and up 122.3% over ten years.
Over the whole period, africa's development dynamics (afdd) table 04 - annual real gdp in Latvia peaked at 13.46 Percent per annum in 2006 and was at its lowest, -13.29 Percent per annum, in 2009.
Latvia ranks 7th of 46 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP in Latvia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1993 | -10.59 Percent per annum | — |
| 1994 | 3.47 Percent per annum | -132.8% |
| 1995 | -0.7012 Percent per annum | -120.2% |
| 1996 | 4.04 Percent per annum | -676.2% |
| 1997 | 10.38 Percent per annum | +156.9% |
| 1998 | 7.91 Percent per annum | -23.8% |
| 1999 | 4.28 Percent per annum | -45.9% |
| 2000 | 7.17 Percent per annum | +67.5% |
| 2001 | 7.82 Percent per annum | +9.1% |
| 2002 | 8.61 Percent per annum | +10.1% |
| 2003 | 9.93 Percent per annum | +15.3% |
| 2004 | 9.76 Percent per annum | -1.6% |
| 2005 | 12.22 Percent per annum | +25.2% |
| 2006 | 13.46 Percent per annum | +10.1% |
| 2007 | 11.35 Percent per annum | -15.7% |
| 2008 | -2.1 Percent per annum | -118.5% |
| 2009 | -13.29 Percent per annum | +534.0% |
| 2010 | -3.33 Percent per annum | -74.9% |
| 2011 | 3.79 Percent per annum | -213.7% |
| 2012 | 8.26 Percent per annum | +118.1% |
| 2013 | 3.12 Percent per annum | -62.2% |
| 2014 | 2.94 Percent per annum | -5.8% |
| 2015 | 4.88 Percent per annum | +66.1% |
| 2016 | 3.33 Percent per annum | -31.8% |
| 2017 | 4.3 Percent per annum | +29.1% |
| 2018 | 5.02 Percent per annum | +16.9% |
| 2019 | 1.59 Percent per annum | -68.4% |
| 2020 | -2.52 Percent per annum | -258.7% |
| 2021 | 8.05 Percent per annum | -419.2% |
| 2022 | 4.25 Percent per annum | -47.2% |
| 2023 | 0.8076 Percent per annum | -81.0% |
| 2024 | 2.78 Percent per annum | +244.3% |
| 2025 | 3.55 Percent per annum | +27.5% |
| 2026 | 3.58 Percent per annum | +0.9% |
| 2027 | 3.56 Percent per annum | -0.6% |
| 2028 | 3.54 Percent per annum | -0.4% |
| 2029 | 3.53 Percent per annum | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.68 Percent per annum | -10.59 Percent per annum | 10.38 Percent per annum | 7 |
| 2000s | 6.49 Percent per annum | -13.29 Percent per annum | 13.46 Percent per annum | 10 |
| 2010s | 3.39 Percent per annum | -3.33 Percent per annum | 8.26 Percent per annum | 10 |
| 2020s | 3.11 Percent per annum | -2.52 Percent per annum | 8.05 Percent per annum | 10 |
Countries ranked near Latvia
- 4 India 5.66 Percent per annum compare
- 5 Georgia 5.32 Percent per annum compare
- 6 Rwanda 5.1 Percent per annum compare
- 6 Cabo Verde 3.56 Percent per annum compare
- 7 Croatia 3.21 Percent per annum compare
- 7 Philippines 4.98 Percent per annum compare
- 8 Ukraine 4.93 Percent per annum compare
- 9 Serbia 4.7 Percent per annum compare
- 10 Poland 3.29 Percent per annum compare
- 10 Armenia 4.66 Percent per annum compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
- Balanced trade in services 1.98 US dollars, exchange rate converted (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 04 - annual real gdp in Latvia?
- Africa's development dynamics (afdd) table 04 - annual real gdp in Latvia was 3.53 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Latvia?
- The highest recorded value was 13.46 Percent per annum in 2006.
- What is the lowest africa's development dynamics (afdd) table 04 - annual real gdp recorded in Latvia?
- The lowest recorded value was -13.29 Percent per annum in 2009.
- How does Latvia rank for africa's development dynamics (afdd) table 04 - annual real gdp?
- Latvia ranks 7th out of 46 countries with data for 2029.
- Is africa's development dynamics (afdd) table 04 - annual real gdp rising or falling in Latvia?
- Over the last ten years it is up 122.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP growth per capita — Growth rate of real gross domestic product per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 4 shows the full time series of annual real GDP growth per capta, up to present, and including projected real GDP growth rates over the next five years calculated using the real GDP growth and population growth figures reported in the AfDD Statistical Annex.