GDP per capita in Latvia
Latvia: GDP per capita was 27,220 international-$ in 2011 prices in 2022. ▲ Rising
Latest (2022)
27,220 international-$ in 2011 prices
Change on year
up 1.8%
World rank
46th
of 166 countries
All-time high
27,220 international-$ in 2011 prices
in 2022
All-time low
8,439 international-$ in 2011 prices
in 1993
Years of data
44
1973–2022
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 166 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.
GDP per capita in Latvia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1973 | 12,506 international-$ in 2011 prices | — |
| 1980 | 13,739 international-$ in 2011 prices | +9.9% |
| 1981 | 13,970 international-$ in 2011 prices | +1.7% |
| 1982 | 14,190 international-$ in 2011 prices | +1.6% |
| 1983 | 14,376 international-$ in 2011 prices | +1.3% |
| 1984 | 14,682 international-$ in 2011 prices | +2.1% |
| 1985 | 14,273 international-$ in 2011 prices | -2.8% |
| 1986 | 14,539 international-$ in 2011 prices | +1.9% |
| 1987 | 14,360 international-$ in 2011 prices | -1.2% |
| 1988 | 14,875 international-$ in 2011 prices | +3.6% |
| 1989 | 15,661 international-$ in 2011 prices | +5.3% |
| 1990 | 15,806 international-$ in 2011 prices | +0.9% |
| 1991 | 13,775 international-$ in 2011 prices | -12.9% |
| 1992 | 9,411 international-$ in 2011 prices | -31.7% |
| 1993 | 8,439 international-$ in 2011 prices | -10.3% |
| 1994 | 8,704 international-$ in 2011 prices | +3.1% |
| 1995 | 8,709 international-$ in 2011 prices | +0.1% |
| 1996 | 8,947 international-$ in 2011 prices | +2.7% |
| 1997 | 9,774 international-$ in 2011 prices | +9.2% |
| 1998 | 10,430 international-$ in 2011 prices | +6.7% |
| 1999 | 10,708 international-$ in 2011 prices | +2.7% |
| 2000 | 11,310 international-$ in 2011 prices | +5.6% |
| 2001 | 12,104 international-$ in 2011 prices | +7.0% |
| 2002 | 13,016 international-$ in 2011 prices | +7.5% |
| 2003 | 14,142 international-$ in 2011 prices | +8.7% |
| 2004 | 15,371 international-$ in 2011 prices | +8.7% |
| 2005 | 17,070 international-$ in 2011 prices | +11.0% |
| 2006 | 19,129 international-$ in 2011 prices | +12.1% |
| 2007 | 21,042 international-$ in 2011 prices | +10.0% |
| 2008 | 20,342 international-$ in 2011 prices | -3.3% |
| 2009 | 17,582 international-$ in 2011 prices | -13.6% |
| 2010 | 17,140 international-$ in 2011 prices | -2.5% |
| 2011 | 18,428 international-$ in 2011 prices | +7.5% |
| 2012 | 19,970 international-$ in 2011 prices | +8.4% |
| 2013 | 20,582 international-$ in 2011 prices | +3.1% |
| 2014 | 21,168 international-$ in 2011 prices | +2.9% |
| 2015 | 22,179 international-$ in 2011 prices | +4.8% |
| 2016 | 22,913 international-$ in 2011 prices | +3.3% |
| 2017 | 23,894 international-$ in 2011 prices | +4.3% |
| 2018 | 25,040 international-$ in 2011 prices | +4.8% |
| 2019 | 25,859 international-$ in 2011 prices | +3.3% |
| 2020 | 25,453 international-$ in 2011 prices | -1.6% |
| 2021 | 26,739 international-$ in 2011 prices | +5.1% |
| 2022 | 27,220 international-$ in 2011 prices | +1.8% |
Latvia compared with similar countries
- Latvia's 27,220 international-$ in 2011 prices is below the median for high income countries, which is 38,250 international-$ in 2011 prices, 71% of the median. (55 countries reporting)
- Latvia's 27,220 international-$ in 2011 prices is below the median for Europe & Central Asia, which is 28,256 international-$ in 2011 prices, 96% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP per capita in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -31.7% | 13,775 international-$ in 2011 prices | 9,411 international-$ in 2011 prices |
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
- 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 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 166 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.