GDP (current LCU) (UNICEF) in Latvia
Latvia: GDP (current LCU) (UNICEF) was 40.36 billion in 2024. ◆ Volatile
GDP in Latvia, 1990–2024
Source: UNICEF.
Analysis
In 2024, gdp in Latvia stood at 40.36 billion. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 77.1% over ten years.
Over the whole period, gdp in Latvia peaked at 40.36 billion in 2024 and was at its lowest, 93.86 million, in 1990.
Latvia ranks 62nd of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 93.86 million | — |
| 1991 | 215.41 million | +129.5% |
| 1992 | 1.51 billion | +600.9% |
| 1993 | 2.20 billion | +46.0% |
| 1994 | 3.07 billion | +39.2% |
| 1995 | 3.93 billion | +28.1% |
| 1996 | 4.54 billion | +15.6% |
| 1997 | 5.25 billion | +15.5% |
| 1998 | 5.85 billion | +11.5% |
| 1999 | 6.10 billion | +4.2% |
| 2000 | 6.70 billion | +9.8% |
| 2001 | 7.32 billion | +9.3% |
| 2002 | 8.14 billion | +11.2% |
| 2003 | 9.14 billion | +12.4% |
| 2004 | 10.63 billion | +16.3% |
| 2005 | 13.10 billion | +23.3% |
| 2006 | 16.29 billion | +24.4% |
| 2007 | 21.51 billion | +32.0% |
| 2008 | 23.35 billion | +8.6% |
| 2009 | 18.48 billion | -20.9% |
| 2010 | 17.72 billion | -4.1% |
| 2011 | 19.12 billion | +7.9% |
| 2012 | 21.10 billion | +10.4% |
| 2013 | 21.96 billion | +4.0% |
| 2014 | 22.79 billion | +3.8% |
| 2015 | 23.74 billion | +4.2% |
| 2016 | 24.50 billion | +3.2% |
| 2017 | 26.02 billion | +6.2% |
| 2018 | 28.15 billion | +8.2% |
| 2019 | 29.57 billion | +5.0% |
| 2020 | 29.22 billion | -1.2% |
| 2021 | 32.28 billion | +10.5% |
| 2022 | 36.09 billion | +11.8% |
| 2023 | 39.56 billion | +9.6% |
| 2024 | 40.36 billion | +2.0% |
Latvia compared with similar countries
- Latvia's 40.36 billion is below the median for high income countries, which is 528.44 billion, 8% of the median. (42 countries reporting)
- Latvia's 40.36 billion is below the median for Europe & Central Asia, which is 591.53 billion, 7% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (UNICEF) 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 | +600.9% | 215.41 million | 1.51 billion |
| 1991 | +129.5% | 93.86 million | 215.41 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.28 billion | 93.86 million | 6.10 billion | 10 |
| 2000s | 13.47 billion | 6.70 billion | 23.35 billion | 10 |
| 2010s | 23.47 billion | 17.72 billion | 29.57 billion | 10 |
| 2020s | 35.50 billion | 29.22 billion | 40.36 billion | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is gdp in Latvia?
- Gdp in Latvia was 40.36 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 40.36 billion in 2024.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 93.86 million in 1990.
- How does Latvia rank for gdp?
- Latvia ranks 62nd out of 74 countries with data for 2024.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
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