Annual GDP growth in Latvia
Latvia: Annual GDP growth was -0.0% in 2024. ◆ Volatile
Annual GDP growth in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Latvia is -0.0%, measured in 2024.
Compared with earlier readings it is up 95.1% on the previous year and down 102.2% over ten years.
Over the whole period, annual gdp growth in Latvia peaked at 12.8% in 2006 and was at its lowest, -16.0%, in 2009.
That places Latvia 176th out of 196 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.8% | — |
| 2001 | 6.5% | +10.6% |
| 2002 | 7.7% | +18.7% |
| 2003 | 8.4% | +10.0% |
| 2004 | 8.7% | +3.5% |
| 2005 | 11.6% | +33.1% |
| 2006 | 12.8% | +10.4% |
| 2007 | 10.4% | -18.8% |
| 2008 | -3.4% | -132.5% |
| 2009 | -16.0% | +373.3% |
| 2010 | -3.7% | -77.2% |
| 2011 | 3.0% | -182.9% |
| 2012 | 7.3% | +140.6% |
| 2013 | 2.1% | -71.3% |
| 2014 | 2.1% | -0.1% |
| 2015 | 3.8% | +80.6% |
| 2016 | 2.6% | -32.6% |
| 2017 | 3.4% | +33.2% |
| 2018 | 4.3% | +26.8% |
| 2019 | 0.7% | -84.3% |
| 2020 | -3.5% | -613.7% |
| 2021 | 6.9% | -300.1% |
| 2022 | 1.9% | -72.5% |
| 2023 | -0.9% | -149.3% |
| 2024 | -0.0% | -95.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | -16.0% | 12.8% | 10 |
| 2010s | 2.6% | -3.7% | 7.3% | 10 |
| 2020s | 0.9% | -3.5% | 6.9% | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9914 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 26,086 current US$ per person (2025)
- GNI (current LCU), annual growth rate 7.93 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8773 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 23,085 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 8.34 % change on previous year (2024)
Frequently asked questions
- What is annual gdp growth in Latvia?
- Annual gdp growth in Latvia was -0.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Latvia?
- The highest recorded value was 12.8% in 2006.
- What is the lowest annual gdp growth recorded in Latvia?
- The lowest recorded value was -16.0% in 2009.
- How does Latvia rank for annual gdp growth?
- Latvia ranks 176th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Latvia?
- Over the last ten years it is down 102.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).