Annual growth rate of real GDP per capita (%) in Latvia
Latvia: Annual growth rate of real GDP per capita (%) was 0.5% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth rate of real gdp per capita in Latvia stood at 0.5%.
That represents a change of up 150.0% on the previous year and down 83.9% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Latvia peaked at 13.9% in 2006 and was at its lowest, -14.6%, in 2009.
Latvia ranks 168th of 228 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.
Annual growth rate of real GDP per capita (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.8% | — |
| 2001 | 7.8% | +14.7% |
| 2002 | 8.9% | +14.1% |
| 2003 | 9.5% | +6.7% |
| 2004 | 9.9% | +4.2% |
| 2005 | 12.8% | +29.3% |
| 2006 | 13.9% | +8.6% |
| 2007 | 11.3% | -18.7% |
| 2008 | -2.4% | -121.2% |
| 2009 | -14.6% | +508.3% |
| 2010 | -1.6% | -89.0% |
| 2011 | 4.9% | -406.2% |
| 2012 | 8.6% | +75.5% |
| 2013 | 3.2% | -62.8% |
| 2014 | 3.1% | -3.1% |
| 2015 | 4.6% | +48.4% |
| 2016 | 3.5% | -23.9% |
| 2017 | 4.3% | +22.9% |
| 2018 | 5.1% | +18.6% |
| 2019 | 1.4% | -72.5% |
| 2020 | -2.8% | -300.0% |
| 2021 | 7.8% | -378.6% |
| 2022 | 2.2% | -71.8% |
| 2023 | -1.0% | -145.5% |
| 2024 | 0.5% | -150.0% |
Latvia compared with similar countries
- Latvia's 0.5% is below the median for high income countries, which is 1.4%, 34% of the median. (74 countries reporting)
- Latvia's 0.5% is below the median for Europe & Central Asia, which is 2.2%, 22% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita (%) 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 |
|---|---|---|---|
| 2009 | -508.3% | -2.4% | -14.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.4% | -14.6% | 13.9% | 10 |
| 2010s | 3.7% | -1.6% | 8.6% | 10 |
| 2020s | 1.3% | -2.8% | 7.8% | 5 |
Countries ranked near Latvia
- 168 Anguilla 0.5% compare
- 168 Mexico 0.5% compare
- 168 Saudi Arabia 0.5% compare
- 168 Somalia 0.5% compare
- 168 Sweden 0.5% compare
- 168 United Kingdom of Great Britain and Northern Ireland 0.5% compare
- 168 United Kingdom 0.5% compare
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 growth rate of real gdp per capita in Latvia?
- Annual growth rate of real gdp per capita in Latvia was 0.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Latvia?
- The highest recorded value was 13.9% in 2006.
- What is the lowest annual growth rate of real gdp per capita recorded in Latvia?
- The lowest recorded value was -14.6% in 2009.
- How does Latvia rank for annual growth rate of real gdp per capita?
- Latvia ranks 168th out of 228 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Latvia?
- Over the last ten years it is down 83.9%. 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 growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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