GDP per capita (Feenstra et) in Latvia
Latvia: GDP per capita was 34,540 international-$ in 2021 prices in 2023. ▲ Rising
GDP per capita in Latvia, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gdp per capita in Latvia is 34,540 international-$ in 2021 prices, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 2.3% on the previous year and up 41.3% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 34,540 international-$ in 2021 prices in 2023 and was at its lowest, 10,503 international-$ in 2021 prices, in 1995.
That places Latvia 55th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
GDP per capita in Latvia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 18,322 international-$ in 2021 prices | — |
| 1991 | 16,475 international-$ in 2021 prices | -10.1% |
| 1992 | 11,667 international-$ in 2021 prices | -29.2% |
| 1993 | 10,558 international-$ in 2021 prices | -9.5% |
| 1994 | 10,648 international-$ in 2021 prices | +0.9% |
| 1995 | 10,503 international-$ in 2021 prices | -1.4% |
| 1996 | 10,658 international-$ in 2021 prices | +1.5% |
| 1997 | 11,273 international-$ in 2021 prices | +5.8% |
| 1998 | 12,217 international-$ in 2021 prices | +8.4% |
| 1999 | 12,918 international-$ in 2021 prices | +5.7% |
| 2000 | 13,598 international-$ in 2021 prices | +5.3% |
| 2001 | 14,697 international-$ in 2021 prices | +8.1% |
| 2002 | 15,569 international-$ in 2021 prices | +5.9% |
| 2003 | 15,807 international-$ in 2021 prices | +1.5% |
| 2004 | 16,469 international-$ in 2021 prices | +4.2% |
| 2005 | 18,162 international-$ in 2021 prices | +10.3% |
| 2006 | 19,703 international-$ in 2021 prices | +8.5% |
| 2007 | 21,461 international-$ in 2021 prices | +8.9% |
| 2008 | 22,263 international-$ in 2021 prices | +3.7% |
| 2009 | 20,246 international-$ in 2021 prices | -9.1% |
| 2010 | 21,048 international-$ in 2021 prices | +4.0% |
| 2011 | 22,861 international-$ in 2021 prices | +8.6% |
| 2012 | 24,542 international-$ in 2021 prices | +7.4% |
| 2013 | 24,452 international-$ in 2021 prices | -0.4% |
| 2014 | 25,684 international-$ in 2021 prices | +5.0% |
| 2015 | 26,808 international-$ in 2021 prices | +4.4% |
| 2016 | 27,663 international-$ in 2021 prices | +3.2% |
| 2017 | 29,379 international-$ in 2021 prices | +6.2% |
| 2018 | 30,248 international-$ in 2021 prices | +3.0% |
| 2019 | 32,114 international-$ in 2021 prices | +6.2% |
| 2020 | 31,807 international-$ in 2021 prices | -1.0% |
| 2021 | 33,360 international-$ in 2021 prices | +4.9% |
| 2022 | 33,751 international-$ in 2021 prices | +1.2% |
| 2023 | 34,540 international-$ in 2021 prices | +2.3% |
Latvia compared with similar countries
- Latvia's 34,540 international-$ in 2021 prices is below the median for high income countries, which is 45,556 international-$ in 2021 prices, 76% of the median. (66 countries reporting)
- Latvia's 34,540 international-$ in 2021 prices is below the median for Europe & Central Asia, which is 36,158 international-$ in 2021 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 | -29.2% | 16,475 international-$ in 2021 prices | 11,667 international-$ in 2021 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,524 international-$ in 2021 prices | 10,503 international-$ in 2021 prices | 18,322 international-$ in 2021 prices | 10 |
| 2000s | 17,797 international-$ in 2021 prices | 13,598 international-$ in 2021 prices | 22,263 international-$ in 2021 prices | 10 |
| 2010s | 26,480 international-$ in 2021 prices | 21,048 international-$ in 2021 prices | 32,114 international-$ in 2021 prices | 10 |
| 2020s | 33,364 international-$ in 2021 prices | 31,807 international-$ in 2021 prices | 34,540 international-$ in 2021 prices | 4 |
Countries ranked near Latvia
- 52 Cyprus 35,765 international-$ in 2021 prices compare
- 53 Hungary 35,090 international-$ in 2021 prices compare
- 54 Romania 34,605 international-$ in 2021 prices compare
- 56 Bahamas 34,393 international-$ in 2021 prices compare
- 57 Greece 34,322 international-$ in 2021 prices compare
- 58 Kazakhstan 34,292 international-$ in 2021 prices compare
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 in Latvia?
- Gdp per capita in Latvia was 34,540 international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 34,540 international-$ in 2021 prices in 2023.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 10,503 international-$ in 2021 prices in 1995.
- How does Latvia rank for gdp per capita?
- Latvia ranks 55th out of 184 countries with data for 2023.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
Download this data
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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.