GDP (constant LCU), annual growth rate in Latvia
Latvia: GDP (constant LCU), annual growth rate was 2.14 % change on previous year in 2025. ◆ Volatile
GDP (constant LCU), annual growth rate in Latvia, 1991–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant lcu), annual growth rate in Latvia is 2.14 % change on previous year, measured in 2025.
Compared with earlier readings it is up 5,865.4% on the previous year and down 43.5% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Latvia peaked at 12.82 % change on previous year in 2006 and was at its lowest, -32.12 % change on previous year, in 1992.
That places Latvia 141st out of 213 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -12.6 % change on previous year | — |
| 1992 | -32.12 % change on previous year | +155.0% |
| 1993 | -4.98 % change on previous year | -84.5% |
| 1994 | 2.19 % change on previous year | -144.0% |
| 1995 | -0.9454 % change on previous year | -143.2% |
| 1996 | 2.3 % change on previous year | -343.3% |
| 1997 | 9.17 % change on previous year | +298.7% |
| 1998 | 6.55 % change on previous year | -28.6% |
| 1999 | 2.82 % change on previous year | -57.0% |
| 2000 | 5.84 % change on previous year | +107.3% |
| 2001 | 6.46 % change on previous year | +10.6% |
| 2002 | 7.67 % change on previous year | +18.6% |
| 2003 | 8.43 % change on previous year | +10.0% |
| 2004 | 8.73 % change on previous year | +3.5% |
| 2005 | 11.62 % change on previous year | +33.1% |
| 2006 | 12.82 % change on previous year | +10.4% |
| 2007 | 10.41 % change on previous year | -18.8% |
| 2008 | -3.39 % change on previous year | -132.5% |
| 2009 | -16.04 % change on previous year | +373.4% |
| 2010 | -3.66 % change on previous year | -77.2% |
| 2011 | 3.04 % change on previous year | -182.9% |
| 2012 | 7.31 % change on previous year | +140.6% |
| 2013 | 2.1 % change on previous year | -71.3% |
| 2014 | 2.1 % change on previous year | -0.0% |
| 2015 | 3.78 % change on previous year | +80.6% |
| 2016 | 2.55 % change on previous year | -32.6% |
| 2017 | 3.4 % change on previous year | +33.2% |
| 2018 | 4.31 % change on previous year | +26.8% |
| 2019 | 0.6754 % change on previous year | -84.3% |
| 2020 | -3.47 % change on previous year | -613.7% |
| 2021 | 6.94 % change on previous year | -300.1% |
| 2022 | 1.91 % change on previous year | -72.5% |
| 2023 | -0.9416 % change on previous year | -149.3% |
| 2024 | -0.0371 % change on previous year | -96.1% |
| 2025 | 2.14 % change on previous year | -5865.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.07 % change on previous year | -32.12 % change on previous year | 9.17 % change on previous year | 9 |
| 2000s | 5.25 % change on previous year | -16.04 % change on previous year | 12.82 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | -3.66 % change on previous year | 7.31 % change on previous year | 10 |
| 2020s | 1.09 % change on previous year | -3.47 % change on previous year | 6.94 % change on previous year | 6 |
Countries ranked near Latvia
- 138 Marshall Islands 2.28 % change on previous year compare
- 139 United States of America 2.16 % change on previous year compare
- 140 Naoero 2.14 % change on previous year compare
- 142 Bosnia and Herzegovina 2.13 % change on previous year compare
- 143 Dominican Republic 2.12 % change on previous year compare
- 144 Greece 2.07 % change on previous year compare
More economy & growth data for Latvia
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 17,433 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.1724 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Latvia?
- Gdp (constant lcu), annual growth rate in Latvia was 2.14 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 12.82 % change on previous year in 2006.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -32.12 % change on previous year in 1992.
- How does Latvia rank for gdp (constant lcu), annual growth rate?
- Latvia ranks 141st out of 213 countries with data for 2025.
- Is gdp (constant lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 43.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- 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
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.