GDP in Latvia
Latvia: GDP was 40.36 billion in 2024. β Volatile
Latest (2024)
40.36 billion
Change on year
up 2.0%
World rank
62nd
of 74 countries
All-time high
40.36 billion
in 2024
All-time low
93.86 million
in 1990
Years of data
35
1990β2024
GDP in Latvia, 1990β2024
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.
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
- 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 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.
Download this data
CSV Β· JSON β 35 observations, free to reuse under UNICEF Terms of Use (attribution required).