Gross domestic product (GDP) in Latvia
Latvia: Gross domestic product (GDP) was 51.25 billion international-$ in 2011 prices in 2022. ▲ Rising
Gross domestic product (GDP) in Latvia, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Latvia recorded 51.25 billion international-$ in 2011 prices for gross domestic product (gdp) in 2022. That is the highest value across all 44 years on record.
That represents a change of up 2.0% on the previous year and up 26.4% over ten years.
Over the whole period, gross domestic product (gdp) in Latvia peaked at 51.25 billion international-$ in 2011 prices in 2022 and was at its lowest, 21.60 billion international-$ in 2011 prices, in 1995.
That places Latvia 108th out of 165 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.28 billion international-$ in 2011 prices | 30.28 billion international-$ in 2011 prices | 30.28 billion international-$ in 2011 prices | 1 |
| 1980s | 37.61 billion international-$ in 2011 prices | 34.68 billion international-$ in 2011 prices | 41.77 billion international-$ in 2011 prices | 10 |
| 1990s | 26.46 billion international-$ in 2011 prices | 21.60 billion international-$ in 2011 prices | 42.10 billion international-$ in 2011 prices | 10 |
| 2000s | 36.05 billion international-$ in 2011 prices | 26.73 billion international-$ in 2011 prices | 46.23 billion international-$ in 2011 prices | 10 |
| 2010s | 43.02 billion international-$ in 2011 prices | 35.88 billion international-$ in 2011 prices | 49.38 billion international-$ in 2011 prices | 10 |
| 2020s | 49.93 billion international-$ in 2011 prices | 48.29 billion international-$ in 2011 prices | 51.25 billion international-$ in 2011 prices | 3 |
Countries ranked near Latvia
- 105 Afghanistan 53.30 billion international-$ in 2011 prices compare
- 106 Syria 52.35 billion international-$ in 2011 prices compare
- 107 Senegal 51.91 billion international-$ in 2011 prices compare
- 109 Tajikistan 50.54 billion international-$ in 2011 prices compare
- 110 Honduras 49.74 billion international-$ in 2011 prices compare
- 111 Lebanon 48.74 billion international-$ in 2011 prices compare
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 gross domestic product (gdp) in Latvia?
- Gross domestic product (gdp) in Latvia was 51.25 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Latvia?
- The highest recorded value was 51.25 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Latvia?
- The lowest recorded value was 21.60 billion international-$ in 2011 prices in 1995.
- How does Latvia rank for gross domestic product (gdp)?
- Latvia ranks 108th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Latvia?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.