GDP per capita in Latvia
Latvia: GDP per capita was 26,312 current US$ in 2025. ◆ Volatile
GDP per capita in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gdp per capita in Latvia stood at 26,312 current US$. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 11.6% on the previous year and up 97.5% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 26,312 current US$ in 2025 and was at its lowest, 2,257 current US$, in 1995.
Latvia ranks 63rd of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,637 current US$ | 2,257 current US$ | 3,064 current US$ | 5 |
| 2000s | 7,935 current US$ | 3,278 current US$ | 15,678 current US$ | 10 |
| 2010s | 14,393 current US$ | 11,188 current US$ | 17,295 current US$ | 10 |
| 2020s | 21,775 current US$ | 17,564 current US$ | 26,312 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 per capita in Latvia?
- Gdp per capita in Latvia was 26,312 current 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 26,312 current US$ in 2025.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 2,257 current US$ in 1995.
- How does Latvia rank for gdp per capita?
- Latvia ranks 63rd out of 211 countries with data for 2025.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 97.5%. 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 per capita (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. The core indicator has been divided by the general population to achieve a per capita estimate.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.