Divergence of GDP per capita among latecomers to the capitalist revolution in Latvia
Latvia: Divergence of GDP per capita among latecomers to the capitalist revolution was 24,313 2011$ in 2018. ▲ Rising
Divergence of GDP per capita among latecomers to the capitalist revolution in Latvia, 1973–2018
Source: Maddison Project Database (2018) – processed by Our World in Data. Measured in 2011$.
Analysis
In 2018, divergence of gdp per capita among latecomers to the capitalist revolution in Latvia stood at 24,313 2011$. That is the highest value across all 40 years on record.
The figure is up 5.1% on the previous year and up 19.5% over ten years.
Over the whole period, divergence of gdp per capita among latecomers to the capitalist revolution in Latvia peaked at 24,313 2011$ in 2018 and was at its lowest, 8,439 2011$, in 1993.
Latvia ranks 46th of 145 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Divergence of GDP per capita among latecomers to the capitalist revolution in Latvia, year by year
| Year | 2011$ | Change |
|---|---|---|
| 1973 | 12,506 2011$ | — |
| 1980 | 13,739 2011$ | +9.9% |
| 1981 | 13,970 2011$ | +1.7% |
| 1982 | 14,190 2011$ | +1.6% |
| 1983 | 14,376 2011$ | +1.3% |
| 1984 | 14,682 2011$ | +2.1% |
| 1985 | 14,273 2011$ | -2.8% |
| 1986 | 14,539 2011$ | +1.9% |
| 1987 | 14,360 2011$ | -1.2% |
| 1988 | 14,875 2011$ | +3.6% |
| 1989 | 15,661 2011$ | +5.3% |
| 1990 | 15,806 2011$ | +0.9% |
| 1991 | 13,775 2011$ | -12.9% |
| 1992 | 9,411 2011$ | -31.7% |
| 1993 | 8,439 2011$ | -10.3% |
| 1994 | 8,704 2011$ | +3.1% |
| 1995 | 8,709 2011$ | +0.1% |
| 1996 | 8,947 2011$ | +2.7% |
| 1997 | 9,774 2011$ | +9.2% |
| 1998 | 10,430 2011$ | +6.7% |
| 1999 | 10,708 2011$ | +2.7% |
| 2000 | 11,310 2011$ | +5.6% |
| 2001 | 12,104 2011$ | +7.0% |
| 2002 | 13,016 2011$ | +7.5% |
| 2003 | 14,142 2011$ | +8.7% |
| 2004 | 15,371 2011$ | +8.7% |
| 2005 | 17,070 2011$ | +11.0% |
| 2006 | 19,129 2011$ | +12.1% |
| 2007 | 21,042 2011$ | +10.0% |
| 2008 | 20,342 2011$ | -3.3% |
| 2009 | 17,582 2011$ | -13.6% |
| 2010 | 17,140 2011$ | -2.5% |
| 2011 | 18,428 2011$ | +7.5% |
| 2012 | 19,405 2011$ | +5.3% |
| 2013 | 20,129 2011$ | +3.7% |
| 2014 | 20,751 2011$ | +3.1% |
| 2015 | 21,488 2011$ | +3.6% |
| 2016 | 22,092 2011$ | +2.8% |
| 2017 | 23,133 2011$ | +4.7% |
| 2018 | 24,313 2011$ | +5.1% |
Latvia compared with similar countries
- Latvia's 24,313 2011$ is below the median for high income countries, which is 35,336 2011$, 69% of the median. (51 countries reporting)
- Latvia's 24,313 2011$ is below the median for Europe & Central Asia, which is 27,056 2011$, 90% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Divergence of GDP per capita among latecomers to the capitalist revolution in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -31.7% | 13,775 2011$ | 9,411 2011$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,506 2011$ | 12,506 2011$ | 12,506 2011$ | 1 |
| 1980s | 14,466 2011$ | 13,739 2011$ | 15,661 2011$ | 10 |
| 1990s | 10,470 2011$ | 8,439 2011$ | 15,806 2011$ | 10 |
| 2000s | 16,111 2011$ | 11,310 2011$ | 21,042 2011$ | 10 |
| 2010s | 20,764 2011$ | 17,140 2011$ | 24,313 2011$ | 9 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is divergence of gdp per capita among latecomers to the capitalist revolution in Latvia?
- Divergence of gdp per capita among latecomers to the capitalist revolution in Latvia was 24,313 2011$ in 2018, according to Maddison Project Database (2018) – processed by Our World in Data.
- What is the highest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Latvia?
- The highest recorded value was 24,313 2011$ in 2018.
- What is the lowest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Latvia?
- The lowest recorded value was 8,439 2011$ in 1993.
- How does Latvia rank for divergence of gdp per capita among latecomers to the capitalist revolution?
- Latvia ranks 46th out of 145 countries with data for 2018.
- Is divergence of gdp per capita among latecomers to the capitalist revolution rising or falling in Latvia?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Maddison Project Database (2018) – processed by Our World in Data, published as part of Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid updates them automatically from the source API.
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About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]