GDP in Latvia
Latvia: GDP was 31.21 billion constant 2015 US$ in 2025. ▲ Rising
GDP in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gdp in Latvia stood at 31.21 billion constant 2015 US$. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 18.5% over ten years.
Over the whole period, gdp in Latvia peaked at 31.21 billion constant 2015 US$ in 2025 and was at its lowest, 11.44 billion constant 2015 US$, in 1993.
That places Latvia 105th out of 209 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.76 billion constant 2015 US$ | 11.44 billion constant 2015 US$ | 20.30 billion constant 2015 US$ | 10 |
| 2000s | 21.35 billion constant 2015 US$ | 15.00 billion constant 2015 US$ | 28.19 billion constant 2015 US$ | 10 |
| 2010s | 25.91 billion constant 2015 US$ | 22.03 billion constant 2015 US$ | 29.34 billion constant 2015 US$ | 10 |
| 2020s | 30.30 billion constant 2015 US$ | 28.32 billion constant 2015 US$ | 31.21 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 102 Cyprus 33.08 billion constant 2015 US$ compare
- 103 Guyana 32.76 billion constant 2015 US$ compare
- 104 Lebanon 31.30 billion constant 2015 US$ compare
- 106 El Salvador 30.14 billion constant 2015 US$ compare
- 107 Sudan 30.07 billion constant 2015 US$ compare
- 108 Senegal 29.96 billion constant 2015 US$ compare
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (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 gdp in Latvia?
- Gdp in Latvia was 31.21 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 31.21 billion constant 2015 US$ in 2025.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 11.44 billion constant 2015 US$ in 1993.
- How does Latvia rank for gdp?
- Latvia ranks 105th out of 209 countries with data for 2025.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 18.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.