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
Latest (2024)
0.5%
Change on year
up 150.0%
World rank
166th
of 226 countries
All-time high
13.9%
in 2006
All-time low
-14.6%
in 2009
Years of data
25
2000–2024
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 166th of 226 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% |
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
- 166 Anguilla 0.5% compare
- 166 Mexico 0.5% compare
- 166 Saudi Arabia 0.5% compare
- 166 Somalia 0.5% compare
- 166 Sweden 0.5% compare
- 166 United Kingdom of Great Britain and Northern Ireland 0.5% compare
- 166 United Kingdom of Great Britain and Northern Ireland 0.5% compare
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (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 166th out of 226 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).