GDP per capita growth in Latvia
Latvia: GDP per capita growth 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 78th of 213 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 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% |
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
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (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 78th out of 213 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.