Annual growth of GDP per capita in Latvia
Latvia: Annual growth of GDP per capita was 3.2% in 2025. ◆ Volatile
Latest (2025)
3.2%
Change on year
up 248.2%
World rank
77th
of 212 countries
All-time high
13.9%
in 2006
All-time low
-31.2%
in 1992
Years of data
35
1991–2025
Annual growth of GDP per capita in Latvia, 1991–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in annual %.
Analysis
Latvia recorded 3.2% for annual growth of gdp per capita in 2025.
The figure is up 248.2% on the previous year and down 32.0% over ten years.
Over the whole period, annual growth of gdp per capita in Latvia peaked at 13.9% in 2006 and was at its lowest, -31.2%, in 1992.
Latvia ranks 77th of 212 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.
Annual growth of GDP per capita 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. (55 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is annual growth of gdp per capita in Latvia?
- Annual growth of gdp per capita in Latvia was 3.2% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest annual growth of gdp per capita recorded in Latvia?
- The highest recorded value was 13.9% in 2006.
- What is the lowest annual growth of gdp per capita recorded in Latvia?
- The lowest recorded value was -31.2% in 1992.
- How does Latvia rank for annual growth of gdp per capita?
- Latvia ranks 77th out of 212 countries with data for 2025.
- Is annual growth of gdp per capita 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Annual growth of GDP per capita. Statizoid updates them automatically from the source API.
Download this data
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About this data
This data is adjusted for inflation.