GDP (current LCU) (Country official) in Latvia
Latvia: GDP (current LCU) (Country official) was 43.03 billion current LCU in 2025. ◆ Volatile
GDP in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gdp in Latvia is 43.03 billion current LCU, measured in 2025. That is the highest value across all 36 years on record.
That represents a change of up 5.8% on the previous year and up 81.2% over ten years.
Over the whole period, gdp in Latvia peaked at 43.03 billion current LCU in 2025 and was at its lowest, 93.86 million current LCU, in 1990.
Latvia ranks 161st of 214 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) (Country official) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 93.86 million current LCU | — |
| 1991 | 215.41 million current LCU | +129.5% |
| 1992 | 1.51 billion current LCU | +600.9% |
| 1993 | 2.20 billion current LCU | +46.0% |
| 1994 | 3.07 billion current LCU | +39.2% |
| 1995 | 3.93 billion current LCU | +28.1% |
| 1996 | 4.54 billion current LCU | +15.6% |
| 1997 | 5.25 billion current LCU | +15.5% |
| 1998 | 5.85 billion current LCU | +11.5% |
| 1999 | 6.10 billion current LCU | +4.2% |
| 2000 | 6.70 billion current LCU | +9.8% |
| 2001 | 7.32 billion current LCU | +9.3% |
| 2002 | 8.14 billion current LCU | +11.2% |
| 2003 | 9.14 billion current LCU | +12.4% |
| 2004 | 10.63 billion current LCU | +16.3% |
| 2005 | 13.10 billion current LCU | +23.3% |
| 2006 | 16.29 billion current LCU | +24.4% |
| 2007 | 21.51 billion current LCU | +32.0% |
| 2008 | 23.35 billion current LCU | +8.6% |
| 2009 | 18.48 billion current LCU | -20.9% |
| 2010 | 17.72 billion current LCU | -4.1% |
| 2011 | 19.12 billion current LCU | +7.9% |
| 2012 | 21.10 billion current LCU | +10.4% |
| 2013 | 21.96 billion current LCU | +4.0% |
| 2014 | 22.79 billion current LCU | +3.8% |
| 2015 | 23.74 billion current LCU | +4.2% |
| 2016 | 24.50 billion current LCU | +3.2% |
| 2017 | 26.02 billion current LCU | +6.2% |
| 2018 | 28.15 billion current LCU | +8.2% |
| 2019 | 29.57 billion current LCU | +5.0% |
| 2020 | 29.22 billion current LCU | -1.2% |
| 2021 | 32.28 billion current LCU | +10.5% |
| 2022 | 36.09 billion current LCU | +11.8% |
| 2023 | 39.56 billion current LCU | +9.6% |
| 2024 | 40.65 billion current LCU | +2.8% |
| 2025 | 43.03 billion current LCU | +5.8% |
Latvia compared with similar countries
- Latvia's 43.03 billion current LCU is below the median for high income countries, which is 211.72 billion current LCU, 20% of the median. (82 countries reporting)
- Latvia's 43.03 billion current LCU is below the median for Europe & Central Asia, which is 433.17 billion current LCU, 10% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (Country official) 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 current LCU | 1.51 billion current LCU |
| 1991 | +129.5% | 93.86 million current LCU | 215.41 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.28 billion current LCU | 93.86 million current LCU | 6.10 billion current LCU | 10 |
| 2000s | 13.47 billion current LCU | 6.70 billion current LCU | 23.35 billion current LCU | 10 |
| 2010s | 23.47 billion current LCU | 17.72 billion current LCU | 29.57 billion current LCU | 10 |
| 2020s | 36.81 billion current LCU | 29.22 billion current LCU | 43.03 billion current LCU | 6 |
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 43.03 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 43.03 billion current LCU in 2025.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 93.86 million current LCU in 1990.
- How does Latvia rank for gdp?
- Latvia ranks 161st out of 214 countries with data for 2025.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 81.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.