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GDP (constant 2015 US$), per unit of GDP in Latvia

Latvia: GDP (constant 2015 US$), per unit of GDP was 0.642 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling

Latest (2025)
0.642 constant 2015 US$ per US$ of GDP
Change on year
down 7.6%
World rank
188th
of 210 countries
All-time high
2.07 constant 2015 US$ per US$ of GDP
in 1995
All-time low
0.642 constant 2015 US$ per US$ of GDP
in 2025
Years of data
31
1995–2025

GDP (constant 2015 US$), per unit of GDP in Latvia, 1995–2025

0.511.521995201020251995: 2.1 constant 2015 US$ per US$ of GDP1996: 2 constant 2015 US$ per US$ of GDP1997: 2 constant 2015 US$ per US$ of GDP1998: 2 constant 2015 US$ per US$ of GDP1999: 1.9 constant 2015 US$ per US$ of GDP2000: 1.9 constant 2015 US$ per US$ of GDP2001: 1.9 constant 2015 US$ per US$ of GDP2002: 1.9 constant 2015 US$ per US$ of GDP2003: 1.7 constant 2015 US$ per US$ of GDP2004: 1.5 constant 2015 US$ per US$ of GDP2005: 1.4 constant 2015 US$ per US$ of GDP2006: 1.2 constant 2015 US$ per US$ of GDP2007: 0.958 constant 2015 US$ per US$ of GDP2008: 0.798 constant 2015 US$ per US$ of GDP2009: 0.89 constant 2015 US$ per US$ of GDP2010: 0.939 constant 2015 US$ per US$ of GDP2011: 0.854 constant 2015 US$ per US$ of GDP2012: 0.898 constant 2015 US$ per US$ of GDP2013: 0.853 constant 2015 US$ per US$ of GDP2014: 0.838 constant 2015 US$ per US$ of GDP2015: 1 constant 2015 US$ per US$ of GDP2016: 0.996 constant 2015 US$ per US$ of GDP2017: 0.95 constant 2015 US$ per US$ of GDP2018: 0.876 constant 2015 US$ per US$ of GDP2019: 0.886 constant 2015 US$ per US$ of GDP2020: 0.848 constant 2015 US$ per US$ of GDP2021: 0.793 constant 2015 US$ per US$ of GDP2022: 0.812 constant 2015 US$ per US$ of GDP2023: 0.715 constant 2015 US$ per US$ of GDP2024: 0.695 constant 2015 US$ per US$ of GDP2025: 0.642 constant 2015 US$ per US$ of GDP

Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.

Analysis

The most recent figure for gdp (constant 2015 us$), per unit of gdp in Latvia is 0.642 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.

That represents a change of down 7.6% on the previous year and down 35.8% over ten years.

Over the whole period, gdp (constant 2015 us$), per unit of gdp in Latvia peaked at 2.07 constant 2015 US$ per US$ of GDP in 1995 and was at its lowest, 0.642 constant 2015 US$ per US$ of GDP, in 2025.

Latvia ranks 188th of 210 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 31 years of available data.

GDP (constant 2015 US$), per unit of GDP in Latvia, year by year

Year constant 2015 US$ per US$ of GDP Change
1995 2.07 constant 2015 US$ per US$ of GDP —
1996 2.04 constant 2015 US$ per US$ of GDP -1.1%
1997 2.04 constant 2015 US$ per US$ of GDP -0.3%
1998 1.98 constant 2015 US$ per US$ of GDP -3.0%
1999 1.94 constant 2015 US$ per US$ of GDP -2.1%
2000 1.93 constant 2015 US$ per US$ of GDP -0.1%
2001 1.95 constant 2015 US$ per US$ of GDP +0.9%
2002 1.86 constant 2015 US$ per US$ of GDP -4.7%
2003 1.66 constant 2015 US$ per US$ of GDP -10.8%
2004 1.47 constant 2015 US$ per US$ of GDP -11.6%
2005 1.39 constant 2015 US$ per US$ of GDP -5.4%
2006 1.25 constant 2015 US$ per US$ of GDP -10.0%
2007 0.958 constant 2015 US$ per US$ of GDP -23.3%
2008 0.7977 constant 2015 US$ per US$ of GDP -16.7%
2009 0.8899 constant 2015 US$ per US$ of GDP +11.6%
2010 0.9385 constant 2015 US$ per US$ of GDP +5.5%
2011 0.854 constant 2015 US$ per US$ of GDP -9.0%
2012 0.8981 constant 2015 US$ per US$ of GDP +5.2%
2013 0.8529 constant 2015 US$ per US$ of GDP -5.0%
2014 0.8384 constant 2015 US$ per US$ of GDP -1.7%
2015 1 constant 2015 US$ per US$ of GDP +19.3%
2016 0.9963 constant 2015 US$ per US$ of GDP -0.4%
2017 0.9505 constant 2015 US$ per US$ of GDP -4.6%
2018 0.8764 constant 2015 US$ per US$ of GDP -7.8%
2019 0.8863 constant 2015 US$ per US$ of GDP +1.1%
2020 0.8484 constant 2015 US$ per US$ of GDP -4.3%
2021 0.7931 constant 2015 US$ per US$ of GDP -6.5%
2022 0.8121 constant 2015 US$ per US$ of GDP +2.4%
2023 0.7146 constant 2015 US$ per US$ of GDP -12.0%
2024 0.6945 constant 2015 US$ per US$ of GDP -2.8%
2025 0.642 constant 2015 US$ per US$ of GDP -7.6%

Latvia compared with similar countries

  • Latvia's 0.642 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.8054 constant 2015 US$ per US$ of GDP, 80% of the median. (80 countries reporting)
  • Latvia's 0.642 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.7297 constant 2015 US$ per US$ of GDP, 88% of the median. (55 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.01 constant 2015 US$ per US$ of GDP 1.94 constant 2015 US$ per US$ of GDP 2.07 constant 2015 US$ per US$ of GDP 5
2000s 1.41 constant 2015 US$ per US$ of GDP 0.7977 constant 2015 US$ per US$ of GDP 1.95 constant 2015 US$ per US$ of GDP 10
2010s 0.9091 constant 2015 US$ per US$ of GDP 0.8384 constant 2015 US$ per US$ of GDP 1 constant 2015 US$ per US$ of GDP 10
2020s 0.7508 constant 2015 US$ per US$ of GDP 0.642 constant 2015 US$ per US$ of GDP 0.8484 constant 2015 US$ per US$ of GDP 6

Countries ranked near Latvia

  1. 185 Poland 0.6582 constant 2015 US$ per US$ of GDP compare
  2. 186 North Macedonia 0.6552 constant 2015 US$ per US$ of GDP compare
  3. 187 Hungary 0.645 constant 2015 US$ per US$ of GDP compare
  4. 189 Russia 0.6392 constant 2015 US$ per US$ of GDP compare
  5. 190 Lithuania 0.5996 constant 2015 US$ per US$ of GDP compare
  6. 191 Iceland 0.5991 constant 2015 US$ per US$ of GDP compare

See the full ranking of 258 places →

More economy & growth data for Latvia

All data for Latvia →

Frequently asked questions

What is gdp (constant 2015 us$), per unit of gdp in Latvia?
Gdp (constant 2015 us$), per unit of gdp in Latvia was 0.642 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gdp (constant 2015 us$), per unit of gdp recorded in Latvia?
The highest recorded value was 2.07 constant 2015 US$ per US$ of GDP in 1995.
What is the lowest gdp (constant 2015 us$), per unit of gdp recorded in Latvia?
The lowest recorded value was 0.642 constant 2015 US$ per US$ of GDP in 2025.
How does Latvia rank for gdp (constant 2015 us$), per unit of gdp?
Latvia ranks 188th out of 210 countries with data for 2025.
Is gdp (constant 2015 us$), per unit of gdp rising or falling in Latvia?
Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
Where does this Latvia data come from?
The figures come from Statizoid (derived), published as part of GDP (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.

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GDP (constant 2015 US$), per unit of GDP in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 12 October 2026, from https://economy.statizoid.com/stat/gdp-constant-2015-us-per-unit-of-gdp/latvia/

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How this figure is calculated

GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

GDP (constant 2015 US$) ÷ GDP (current US$)

Computed from

  • GDP Country official statistics, National Statistical Organizations and/or Central Banks
  • GDP Country official statistics, National Statistical Organizations and/or Central Banks

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (constant 2015 US$), per unit of GDP
Unit
constant 2015 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
258 places, 14,390 data points, 1960–2025
Last refreshed

GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.