GDP per capita (constant LCU) in Latvia
Latvia: GDP per capita (constant LCU) was 17,433 constant LCU in 2025. ▲ Rising
GDP per capita in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, gdp per capita in Latvia stood at 17,433 constant LCU. That is the highest value across all 36 years on record.
Compared with earlier readings it is 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 17,433 constant LCU in 2025 and was at its lowest, 4,608 constant LCU, in 1993.
That places Latvia 171st out of 215 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
GDP per capita (constant LCU) in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 7,867 constant LCU | — |
| 1991 | 6,908 constant LCU | -12.2% |
| 1992 | 4,755 constant LCU | -31.2% |
| 1993 | 4,608 constant LCU | -3.1% |
| 1994 | 4,788 constant LCU | +3.9% |
| 1995 | 4,811 constant LCU | +0.5% |
| 1996 | 4,977 constant LCU | +3.5% |
| 1997 | 5,488 constant LCU | +10.3% |
| 1998 | 5,903 constant LCU | +7.6% |
| 1999 | 6,119 constant LCU | +3.7% |
| 2000 | 6,539 constant LCU | +6.9% |
| 2001 | 7,052 constant LCU | +7.8% |
| 2002 | 7,681 constant LCU | +8.9% |
| 2003 | 8,410 constant LCU | +9.5% |
| 2004 | 9,244 constant LCU | +9.9% |
| 2005 | 10,430 constant LCU | +12.8% |
| 2006 | 11,876 constant LCU | +13.9% |
| 2007 | 13,220 constant LCU | +11.3% |
| 2008 | 12,907 constant LCU | -2.4% |
| 2009 | 11,017 constant LCU | -14.6% |
| 2010 | 10,837 constant LCU | -1.6% |
| 2011 | 11,371 constant LCU | +4.9% |
| 2012 | 12,354 constant LCU | +8.6% |
| 2013 | 12,749 constant LCU | +3.2% |
| 2014 | 13,139 constant LCU | +3.1% |
| 2015 | 13,748 constant LCU | +4.6% |
| 2016 | 14,229 constant LCU | +3.5% |
| 2017 | 14,843 constant LCU | +4.3% |
| 2018 | 15,604 constant LCU | +5.1% |
| 2019 | 15,819 constant LCU | +1.4% |
| 2020 | 15,378 constant LCU | -2.8% |
| 2021 | 16,584 constant LCU | +7.8% |
| 2022 | 16,947 constant LCU | +2.2% |
| 2023 | 16,749 constant LCU | -1.2% |
| 2024 | 16,900 constant LCU | +0.9% |
| 2025 | 17,433 constant LCU | +3.2% |
Latvia compared with similar countries
- Latvia's 17,433 constant LCU is below the median for high income countries, which is 54,263 constant LCU, 32% of the median. (83 countries reporting)
- Latvia's 17,433 constant LCU is below the median for Europe & Central Asia, which is 43,869 constant LCU, 40% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,622 constant LCU | 4,608 constant LCU | 7,867 constant LCU | 10 |
| 2000s | 9,838 constant LCU | 6,539 constant LCU | 13,220 constant LCU | 10 |
| 2010s | 13,469 constant LCU | 10,837 constant LCU | 15,819 constant LCU | 10 |
| 2020s | 16,665 constant LCU | 15,378 constant LCU | 17,433 constant LCU | 6 |
Countries ranked near Latvia
- 168 Sao Tome and Principe 17,810 constant LCU compare
- 169 Northern Mariana Islands 17,644 constant LCU compare
- 170 Peru 17,518 constant LCU compare
- 172 Saint Martin (French part) 17,045 constant LCU compare
- 173 Argentina 16,118 constant LCU compare
- 174 Palau 15,852 constant LCU compare
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 17,433 constant LCU 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 17,433 constant LCU in 2025.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 4,608 constant LCU in 1993.
- How does Latvia rank for gdp per capita?
- Latvia ranks 171st out of 215 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 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. 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 varies by country. This series is expressed in local currency units.