GDP in Latvia
Latvia: GDP was 31.54 billion in 2024. β² Rising
Latest (2024)
31.54 billion
Change on year
down 0.0%
World rank
61st
of 74 countries
All-time high
31.85 billion
in 2022
All-time low
11.81 billion
in 1993
Years of data
35
1990β2024
GDP in Latvia, 1990β2024
Source: UNICEF.
Analysis
Latvia recorded 31.54 billion for gdp in 2024.
That represents a change of up 20.4% over ten years.
Over the whole period, gdp in Latvia peaked at 31.85 billion in 2022 and was at its lowest, 11.81 billion, in 1993.
That places Latvia 61st out of 74 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.20 billion | 11.81 billion | 20.95 billion | 10 |
| 2000s | 22.04 billion | 15.48 billion | 29.09 billion | 10 |
| 2010s | 26.74 billion | 22.73 billion | 30.27 billion | 10 |
| 2020s | 31.08 billion | 29.22 billion | 31.85 billion | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Taxes less subsidies on products (current LCU), annual growth rate 8.19 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1156 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3,041 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
- US dollar per domestic currency (End-of-period (EoP)) 1.94 (2013)
- Gdp worldbank constant usd, annual growth rate 2.14 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.642 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 16,892 units per person (2025)
Frequently asked questions
- What is gdp in Latvia?
- Gdp in Latvia was 31.54 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 31.85 billion in 2022.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 11.81 billion in 1993.
- How does Latvia rank for gdp?
- Latvia ranks 61st out of 74 countries with data for 2024.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 20.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 35 observations, free to reuse under UNICEF Terms of Use (attribution required).