Annual gdp growth in Latvia
Latvia: Annual gdp growth was 1.71 in 2023. ◆ Volatile
Latest (2023)
1.71
Change on year
down 5.5%
World rank
143rd
of 211 countries
All-time high
12.83
in 2006
All-time low
-16.04
in 2009
Years of data
24
2000–2023
Annual gdp growth in Latvia, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Latvia stood at 1.71.
The figure is down 5.5% on the previous year and down 18.6% over ten years.
Over the whole period, annual gdp growth in Latvia peaked at 12.83 in 2006 and was at its lowest, -16.04, in 2009.
Latvia ranks 143rd of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.26 | -16.04 | 12.83 | 10 |
| 2010s | 2.56 | -3.66 | 7.31 | 10 |
| 2020s | 1.75 | -3.47 | 6.95 | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of gdp -4.58 (2025)
- Inflation of consumer prices 3.75 (2025)
- Gdp per capita worldbank constant usd 16,892 (2025)
- Manufacturing value added to gdp 9.99 (2025)
- Gdp worldbank constant usd 31.21 billion (2025)
- Gdp per capita in international and market dollars 16,892 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Latvia?
- Annual gdp growth in Latvia was 1.71 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Latvia?
- The highest recorded value was 12.83 in 2006.
- What is the lowest annual gdp growth recorded in Latvia?
- The lowest recorded value was -16.04 in 2009.
- How does Latvia rank for annual gdp growth?
- Latvia ranks 143rd out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Latvia?
- Over the last ten years it is down 18.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).