GDP in Latvia
Latvia: GDP 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 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 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ 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.