GDP per capita (constant 2015 US$) in Latvia
Latvia: GDP per capita (constant 2015 US$) was 16,892 constant 2015 US$ in 2025. ▲ Rising
GDP per capita in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Latvia recorded 16,892 constant 2015 US$ for gdp per capita in 2025. That is the highest value across all 36 years on record.
That represents a change of up 3.2% on the previous year and up 26.8% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 16,892 constant 2015 US$ in 2025 and was at its lowest, 4,465 constant 2015 US$, in 1993.
Latvia ranks 71st of 212 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
GDP per capita (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 7,623 constant 2015 US$ | — |
| 1991 | 6,694 constant 2015 US$ | -12.2% |
| 1992 | 4,607 constant 2015 US$ | -31.2% |
| 1993 | 4,465 constant 2015 US$ | -3.1% |
| 1994 | 4,640 constant 2015 US$ | +3.9% |
| 1995 | 4,662 constant 2015 US$ | +0.5% |
| 1996 | 4,823 constant 2015 US$ | +3.5% |
| 1997 | 5,318 constant 2015 US$ | +10.3% |
| 1998 | 5,720 constant 2015 US$ | +7.6% |
| 1999 | 5,929 constant 2015 US$ | +3.7% |
| 2000 | 6,336 constant 2015 US$ | +6.9% |
| 2001 | 6,833 constant 2015 US$ | +7.8% |
| 2002 | 7,443 constant 2015 US$ | +8.9% |
| 2003 | 8,149 constant 2015 US$ | +9.5% |
| 2004 | 8,957 constant 2015 US$ | +9.9% |
| 2005 | 10,106 constant 2015 US$ | +12.8% |
| 2006 | 11,508 constant 2015 US$ | +13.9% |
| 2007 | 12,810 constant 2015 US$ | +11.3% |
| 2008 | 12,507 constant 2015 US$ | -2.4% |
| 2009 | 10,675 constant 2015 US$ | -14.6% |
| 2010 | 10,501 constant 2015 US$ | -1.6% |
| 2011 | 11,018 constant 2015 US$ | +4.9% |
| 2012 | 11,971 constant 2015 US$ | +8.6% |
| 2013 | 12,354 constant 2015 US$ | +3.2% |
| 2014 | 12,732 constant 2015 US$ | +3.1% |
| 2015 | 13,322 constant 2015 US$ | +4.6% |
| 2016 | 13,787 constant 2015 US$ | +3.5% |
| 2017 | 14,383 constant 2015 US$ | +4.3% |
| 2018 | 15,120 constant 2015 US$ | +5.1% |
| 2019 | 15,328 constant 2015 US$ | +1.4% |
| 2020 | 14,901 constant 2015 US$ | -2.8% |
| 2021 | 16,070 constant 2015 US$ | +7.8% |
| 2022 | 16,421 constant 2015 US$ | +2.2% |
| 2023 | 16,229 constant 2015 US$ | -1.2% |
| 2024 | 16,376 constant 2015 US$ | +0.9% |
| 2025 | 16,892 constant 2015 US$ | +3.2% |
Latvia compared with similar countries
- Latvia's 16,892 constant 2015 US$ is below the median for high income countries, which is 34,672 constant 2015 US$, 49% of the median. (80 countries reporting)
- Latvia's 16,892 constant 2015 US$ is below the median for Europe & Central Asia, which is 20,282 constant 2015 US$, 83% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,448 constant 2015 US$ | 4,465 constant 2015 US$ | 7,623 constant 2015 US$ | 10 |
| 2000s | 9,533 constant 2015 US$ | 6,336 constant 2015 US$ | 12,810 constant 2015 US$ | 10 |
| 2010s | 13,052 constant 2015 US$ | 10,501 constant 2015 US$ | 15,328 constant 2015 US$ | 10 |
| 2020s | 16,148 constant 2015 US$ | 14,901 constant 2015 US$ | 16,892 constant 2015 US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gdp per capita in Latvia?
- Gdp per capita in Latvia was 16,892 constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 16,892 constant 2015 US$ in 2025.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 4,465 constant 2015 US$ in 1993.
- How does Latvia rank for gdp per capita?
- Latvia ranks 71st out of 212 countries with data for 2025.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is rising.
- 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 per capita (constant 2015 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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.