GDP per capita in Latvia
Latvia: GDP per capita was 27,220 international-$ in 2011 prices in 2022. ▲ Rising
GDP per capita in Latvia, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Latvia recorded 27,220 international-$ in 2011 prices for gdp per capita in 2022. That is the highest value across all 44 years on record.
That represents a change of up 1.8% on the previous year and up 36.3% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 27,220 international-$ in 2011 prices in 2022 and was at its lowest, 8,439 international-$ in 2011 prices, in 1993.
Latvia ranks 46th of 165 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,506 international-$ in 2011 prices | 12,506 international-$ in 2011 prices | 12,506 international-$ in 2011 prices | 1 |
| 1980s | 14,466 international-$ in 2011 prices | 13,739 international-$ in 2011 prices | 15,661 international-$ in 2011 prices | 10 |
| 1990s | 10,470 international-$ in 2011 prices | 8,439 international-$ in 2011 prices | 15,806 international-$ in 2011 prices | 10 |
| 2000s | 16,111 international-$ in 2011 prices | 11,310 international-$ in 2011 prices | 21,042 international-$ in 2011 prices | 10 |
| 2010s | 21,717 international-$ in 2011 prices | 17,140 international-$ in 2011 prices | 25,859 international-$ in 2011 prices | 10 |
| 2020s | 26,471 international-$ in 2011 prices | 25,453 international-$ in 2011 prices | 27,220 international-$ in 2011 prices | 3 |
Countries ranked near Latvia
- 43 Portugal 28,992 international-$ in 2011 prices compare
- 44 Slovakia 27,519 international-$ in 2011 prices compare
- 45 Turkey 27,362 international-$ in 2011 prices compare
- 47 Croatia 26,987 international-$ in 2011 prices compare
- 48 Malaysia 26,629 international-$ in 2011 prices compare
- 49 Kazakhstan 26,492 international-$ in 2011 prices compare
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 27,220 international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 27,220 international-$ in 2011 prices in 2022.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 8,439 international-$ in 2011 prices in 1993.
- How does Latvia rank for gdp per capita?
- Latvia ranks 46th out of 165 countries with data for 2022.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 36.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.