GDP growth in Latvia
Latvia: GDP growth was 2.1% in 2025. ◆ Volatile
GDP growth in Latvia, 1991–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Latvia recorded 2.1% for gdp growth in 2025.
That represents a change of up 5,869.3% on the previous year and down 43.5% over ten years.
Over the whole period, gdp growth in Latvia peaked at 12.8% in 2006 and was at its lowest, -32.1%, in 1992.
That places Latvia 141st out of 213 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 growth in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | -12.6% | — |
| 1992 | -32.1% | +155.0% |
| 1993 | -5.0% | -84.5% |
| 1994 | 2.2% | -143.9% |
| 1995 | -0.9% | -143.1% |
| 1996 | 2.3% | -343.4% |
| 1997 | 9.2% | +298.8% |
| 1998 | 6.5% | -28.6% |
| 1999 | 2.8% | -57.0% |
| 2000 | 5.8% | +107.2% |
| 2001 | 6.5% | +10.6% |
| 2002 | 7.7% | +18.7% |
| 2003 | 8.4% | +10.0% |
| 2004 | 8.7% | +3.5% |
| 2005 | 11.6% | +33.1% |
| 2006 | 12.8% | +10.4% |
| 2007 | 10.4% | -18.8% |
| 2008 | -3.4% | -132.5% |
| 2009 | -16.0% | +373.3% |
| 2010 | -3.7% | -77.2% |
| 2011 | 3.0% | -182.9% |
| 2012 | 7.3% | +140.6% |
| 2013 | 2.1% | -71.3% |
| 2014 | 2.1% | -0.1% |
| 2015 | 3.8% | +80.6% |
| 2016 | 2.6% | -32.6% |
| 2017 | 3.4% | +33.2% |
| 2018 | 4.3% | +26.8% |
| 2019 | 0.7% | -84.3% |
| 2020 | -3.5% | -613.7% |
| 2021 | 6.9% | -300.1% |
| 2022 | 1.9% | -72.5% |
| 2023 | -0.9% | -149.3% |
| 2024 | -0.0% | -96.1% |
| 2025 | 2.1% | -5869.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.1% | -32.1% | 9.2% | 9 |
| 2000s | 5.3% | -16.0% | 12.8% | 10 |
| 2010s | 2.6% | -3.7% | 7.3% | 10 |
| 2020s | 1.1% | -3.5% | 6.9% | 6 |
Countries ranked near Latvia
- 138 Marshall Islands 2.3% compare
- 139 United States of America 2.2% compare
- 140 Naoero 2.1% compare
- 142 Bosnia and Herzegovina 2.1% compare
- 143 Dominican Republic 2.1% compare
- 144 Greece 2.1% compare
More economy & growth data for Latvia
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9914 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 26,086 current US$ per person (2025)
- GNI (current LCU), annual growth rate 7.93 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8773 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 23,085 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 8.34 % change on previous year (2024)
Frequently asked questions
- What is gdp growth in Latvia?
- Gdp growth in Latvia was 2.1% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Latvia?
- The highest recorded value was 12.8% in 2006.
- What is the lowest gdp growth recorded in Latvia?
- The lowest recorded value was -32.1% in 1992.
- How does Latvia rank for gdp growth?
- Latvia ranks 141st out of 213 countries with data for 2025.
- Is gdp growth rising or falling in Latvia?
- Over the last ten years it is down 43.5%. 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.