GDP per capita (current US$) (Country official) in Latvia
Latvia: GDP per capita (current US$) (Country official) 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$, in 1995.
Latvia ranks 64th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita (current US$) (Country official) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 2,257 current US$ | — |
| 1996 | 2,360 current US$ | +4.6% |
| 1997 | 2,610 current US$ | +10.6% |
| 1998 | 2,894 current US$ | +10.9% |
| 1999 | 3,064 current US$ | +5.9% |
| 2000 | 3,278 current US$ | +7.0% |
| 2001 | 3,505 current US$ | +6.9% |
| 2002 | 4,004 current US$ | +14.2% |
| 2003 | 4,915 current US$ | +22.8% |
| 2004 | 6,110 current US$ | +24.3% |
| 2005 | 7,284 current US$ | +19.2% |
| 2006 | 9,212 current US$ | +26.5% |
| 2007 | 13,371 current US$ | +45.2% |
| 2008 | 15,678 current US$ | +17.3% |
| 2009 | 11,996 current US$ | -23.5% |
| 2010 | 11,188 current US$ | -6.7% |
| 2011 | 12,903 current US$ | +15.3% |
| 2012 | 13,329 current US$ | +3.3% |
| 2013 | 14,484 current US$ | +8.7% |
| 2014 | 15,186 current US$ | +4.8% |
| 2015 | 13,322 current US$ | -12.3% |
| 2016 | 13,838 current US$ | +3.9% |
| 2017 | 15,132 current US$ | +9.4% |
| 2018 | 17,252 current US$ | +14.0% |
| 2019 | 17,295 current US$ | +0.2% |
| 2020 | 17,564 current US$ | +1.6% |
| 2021 | 20,262 current US$ | +15.4% |
| 2022 | 20,221 current US$ | -0.2% |
| 2023 | 22,710 current US$ | +12.3% |
| 2024 | 23,579 current US$ | +3.8% |
| 2025 | 26,312 current US$ | +11.6% |
Latvia compared with similar countries
- Latvia's 26,312 current US$ is below the median for high income countries, which is 39,041 current US$, 67% of the median. (82 countries reporting)
- Latvia's 26,312 current US$ is below the median for Europe & Central Asia, which is 32,520 current US$, 81% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,637 current US$ | 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
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
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 64th out of 214 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.