GDP in Latvia
Latvia: GDP was 48.62 billion current US$ in 2025. ◆ Volatile
GDP in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gdp in Latvia stood at 48.62 billion current US$. That is the highest value across all 31 years on record.
That represents a change of up 10.5% on the previous year and up 84.5% over ten years.
Over the whole period, gdp in Latvia peaked at 48.62 billion current US$ in 2025 and was at its lowest, 5.61 billion current US$, in 1995.
Latvia ranks 101st of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.41 billion current US$ | 5.61 billion current US$ | 7.32 billion current US$ | 5 |
| 2000s | 17.63 billion current US$ | 7.76 billion current US$ | 34.14 billion current US$ | 10 |
| 2010s | 28.58 billion current US$ | 23.47 billion current US$ | 33.25 billion current US$ | 10 |
| 2020s | 40.83 billion current US$ | 33.38 billion current US$ | 48.62 billion current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is gdp in Latvia?
- Gdp in Latvia was 48.62 billion current US$ 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 48.62 billion current US$ in 2025.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 5.61 billion current US$ in 1995.
- How does Latvia rank for gdp?
- Latvia ranks 101st out of 211 countries with data for 2025.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 84.5%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.