GDP (current LCU), annual growth rate in Latvia
Latvia: GDP (current LCU), annual growth rate was 5.84 % change on previous year in 2025. ◆ Volatile
GDP (current LCU), annual growth rate in Latvia, 1991–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (current lcu), annual growth rate in Latvia is 5.84 % change on previous year, measured in 2025.
The figure is up 112.3% on the previous year and up 39.5% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Latvia peaked at 600.87 % change on previous year in 1992 and was at its lowest, -20.85 % change on previous year, in 2009.
That places Latvia 127th out of 212 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 (current LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 129.51 % change on previous year | — |
| 1992 | 600.87 % change on previous year | +363.9% |
| 1993 | 46.04 % change on previous year | -92.3% |
| 1994 | 39.24 % change on previous year | -14.8% |
| 1995 | 28.1 % change on previous year | -28.4% |
| 1996 | 15.56 % change on previous year | -44.6% |
| 1997 | 15.49 % change on previous year | -0.5% |
| 1998 | 11.53 % change on previous year | -25.6% |
| 1999 | 4.18 % change on previous year | -63.7% |
| 2000 | 9.84 % change on previous year | +135.2% |
| 2001 | 9.25 % change on previous year | -5.9% |
| 2002 | 11.17 % change on previous year | +20.8% |
| 2003 | 12.38 % change on previous year | +10.8% |
| 2004 | 16.25 % change on previous year | +31.3% |
| 2005 | 23.27 % change on previous year | +43.2% |
| 2006 | 24.36 % change on previous year | +4.7% |
| 2007 | 32 % change on previous year | +31.4% |
| 2008 | 8.57 % change on previous year | -73.2% |
| 2009 | -20.85 % change on previous year | -343.4% |
| 2010 | -4.13 % change on previous year | -80.2% |
| 2011 | 7.89 % change on previous year | -291.1% |
| 2012 | 10.39 % change on previous year | +31.8% |
| 2013 | 4.04 % change on previous year | -61.2% |
| 2014 | 3.8 % change on previous year | -5.9% |
| 2015 | 4.19 % change on previous year | +10.1% |
| 2016 | 3.18 % change on previous year | -24.1% |
| 2017 | 6.2 % change on previous year | +95.3% |
| 2018 | 8.21 % change on previous year | +32.4% |
| 2019 | 5.02 % change on previous year | -38.9% |
| 2020 | -1.16 % change on previous year | -123.1% |
| 2021 | 10.47 % change on previous year | -1003.2% |
| 2022 | 11.79 % change on previous year | +12.6% |
| 2023 | 9.63 % change on previous year | -18.3% |
| 2024 | 2.75 % change on previous year | -71.4% |
| 2025 | 5.84 % change on previous year | +112.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 98.95 % change on previous year | 4.18 % change on previous year | 600.87 % change on previous year | 9 |
| 2000s | 12.63 % change on previous year | -20.85 % change on previous year | 32 % change on previous year | 10 |
| 2010s | 4.88 % change on previous year | -4.13 % change on previous year | 10.39 % change on previous year | 10 |
| 2020s | 6.55 % change on previous year | -1.16 % change on previous year | 11.79 % change on previous year | 6 |
Countries ranked near Latvia
- 124 Philippines 5.9 % change on previous year compare
- 125 Portugal 5.86 % change on previous year compare
- 126 Tonga 5.84 % change on previous year compare
- 128 Spain 5.82 % change on previous year compare
- 129 United Arab Emirates 5.68 % change on previous year compare
- 130 Barbados 5.51 % change on previous year compare
More economy & growth data for Latvia
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
- GDP (current US$), per capita 26,312 current US$ per person (2025)
- GDP (current LCU), per unit of GDP 0.885 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 23,285 current LCU per person (2025)
- 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), annual growth rate 2.14 % change on previous year (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)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Latvia?
- Gdp (current lcu), annual growth rate in Latvia was 5.84 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 600.87 % change on previous year in 1992.
- What is the lowest gdp (current lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -20.85 % change on previous year in 2009.
- How does Latvia rank for gdp (current lcu), annual growth rate?
- Latvia ranks 127th out of 212 countries with data for 2025.
- Is gdp (current lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 39.5%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.