GDP per capita growth (annual %) (Country official) in Latvia
Latvia: GDP per capita growth (annual %) (Country official) was 3.2% in 2025. ◆ Volatile
GDP per capita growth in Latvia, 1991–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp per capita growth in Latvia is 3.2%, measured in 2025.
Compared with earlier readings it is up 248.2% on the previous year and down 32.0% over ten years.
Over the whole period, gdp per capita growth in Latvia peaked at 13.9% in 2006 and was at its lowest, -31.2%, in 1992.
Latvia ranks 80th of 215 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 growth (annual %) (Country official) in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | -12.2% | — |
| 1992 | -31.2% | +156.0% |
| 1993 | -3.1% | -90.1% |
| 1994 | 3.9% | -226.7% |
| 1995 | 0.5% | -87.8% |
| 1996 | 3.5% | +624.1% |
| 1997 | 10.3% | +196.8% |
| 1998 | 7.6% | -26.4% |
| 1999 | 3.7% | -51.6% |
| 2000 | 6.9% | +87.7% |
| 2001 | 7.8% | +14.2% |
| 2002 | 8.9% | +13.8% |
| 2003 | 9.5% | +6.3% |
| 2004 | 9.9% | +4.6% |
| 2005 | 12.8% | +29.3% |
| 2006 | 13.9% | +8.1% |
| 2007 | 11.3% | -18.4% |
| 2008 | -2.4% | -120.9% |
| 2009 | -14.6% | +518.3% |
| 2010 | -1.6% | -88.8% |
| 2011 | 4.9% | -401.5% |
| 2012 | 8.6% | +75.4% |
| 2013 | 3.2% | -63.0% |
| 2014 | 3.1% | -4.2% |
| 2015 | 4.6% | +51.5% |
| 2016 | 3.5% | -24.7% |
| 2017 | 4.3% | +23.7% |
| 2018 | 5.1% | +18.7% |
| 2019 | 1.4% | -73.1% |
| 2020 | -2.8% | -302.5% |
| 2021 | 7.8% | -381.3% |
| 2022 | 2.2% | -72.2% |
| 2023 | -1.2% | -153.5% |
| 2024 | 0.9% | -177.4% |
| 2025 | 3.2% | +248.2% |
Latvia compared with similar countries
- Latvia's 3.2% is above the median for high income countries, which is 1.7%, 1.9× the median. (83 countries reporting)
- Latvia's 3.2% is above the median for Europe & Central Asia, which is 1.8%, 1.8× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.9% | -31.2% | 10.3% | 9 |
| 2000s | 6.4% | -14.6% | 13.9% | 10 |
| 2010s | 3.7% | -1.6% | 8.6% | 10 |
| 2020s | 1.7% | -2.8% | 7.8% | 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 growth in Latvia?
- Gdp per capita growth in Latvia was 3.2% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Latvia?
- The highest recorded value was 13.9% in 2006.
- What is the lowest gdp per capita growth recorded in Latvia?
- The lowest recorded value was -31.2% in 1992.
- How does Latvia rank for gdp per capita growth?
- Latvia ranks 80th out of 215 countries with data for 2025.
- Is gdp per capita growth rising or falling in Latvia?
- Over the last ten years it is down 32.0%. 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.