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. Measured in %.
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 206th out of 230 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 | % | 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% |
Latvia compared with similar countries
- Latvia's -0.0% is below the median for high income countries, which is 2.1%. (80 countries reporting)
- Latvia's -0.0% is below the median for Europe & Central Asia, which is 2.6%. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -613.7% | 0.7% | -3.5% |
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
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
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 206th out of 230 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.
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