GDP per capita, PPP in Latvia
Latvia: GDP per capita, PPP was 38,800 constant 2021 international $ in 2025. ▲ Rising
GDP per capita, PPP in Latvia, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
In 2025, gdp per capita, ppp in Latvia stood at 38,800 constant 2021 international $. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 26.8% over ten years.
Over the whole period, gdp per capita, ppp in Latvia peaked at 38,800 constant 2021 international $ in 2025 and was at its lowest, 10,255 constant 2021 international $, in 1993.
That places Latvia 57th out of 199 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
GDP per capita, PPP in Latvia, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1990 | 17,509 constant 2021 international $ | — |
| 1991 | 15,376 constant 2021 international $ | -12.2% |
| 1992 | 10,582 constant 2021 international $ | -31.2% |
| 1993 | 10,255 constant 2021 international $ | -3.1% |
| 1994 | 10,657 constant 2021 international $ | +3.9% |
| 1995 | 10,708 constant 2021 international $ | +0.5% |
| 1996 | 11,078 constant 2021 international $ | +3.5% |
| 1997 | 12,215 constant 2021 international $ | +10.3% |
| 1998 | 13,138 constant 2021 international $ | +7.6% |
| 1999 | 13,619 constant 2021 international $ | +3.7% |
| 2000 | 14,554 constant 2021 international $ | +6.9% |
| 2001 | 15,696 constant 2021 international $ | +7.8% |
| 2002 | 17,097 constant 2021 international $ | +8.9% |
| 2003 | 18,718 constant 2021 international $ | +9.5% |
| 2004 | 20,574 constant 2021 international $ | +9.9% |
| 2005 | 23,213 constant 2021 international $ | +12.8% |
| 2006 | 26,432 constant 2021 international $ | +13.9% |
| 2007 | 29,424 constant 2021 international $ | +11.3% |
| 2008 | 28,727 constant 2021 international $ | -2.4% |
| 2009 | 24,521 constant 2021 international $ | -14.6% |
| 2010 | 24,120 constant 2021 international $ | -1.6% |
| 2011 | 25,309 constant 2021 international $ | +4.9% |
| 2012 | 27,496 constant 2021 international $ | +8.6% |
| 2013 | 28,375 constant 2021 international $ | +3.2% |
| 2014 | 29,244 constant 2021 international $ | +3.1% |
| 2015 | 30,600 constant 2021 international $ | +4.6% |
| 2016 | 31,668 constant 2021 international $ | +3.5% |
| 2017 | 33,036 constant 2021 international $ | +4.3% |
| 2018 | 34,730 constant 2021 international $ | +5.1% |
| 2019 | 35,208 constant 2021 international $ | +1.4% |
| 2020 | 34,226 constant 2021 international $ | -2.8% |
| 2021 | 36,912 constant 2021 international $ | +7.8% |
| 2022 | 37,719 constant 2021 international $ | +2.2% |
| 2023 | 37,278 constant 2021 international $ | -1.2% |
| 2024 | 37,615 constant 2021 international $ | +0.9% |
| 2025 | 38,800 constant 2021 international $ | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,514 constant 2021 international $ | 10,255 constant 2021 international $ | 17,509 constant 2021 international $ | 10 |
| 2000s | 21,896 constant 2021 international $ | 14,554 constant 2021 international $ | 29,424 constant 2021 international $ | 10 |
| 2010s | 29,979 constant 2021 international $ | 24,120 constant 2021 international $ | 35,208 constant 2021 international $ | 10 |
| 2020s | 37,092 constant 2021 international $ | 34,226 constant 2021 international $ | 38,800 constant 2021 international $ | 6 |
Countries ranked near Latvia
- 54 Hungary 41,161 constant 2021 international $ compare
- 55 Romania 40,846 constant 2021 international $ compare
- 56 Slovakia 40,690 constant 2021 international $ compare
- 58 Greece 38,219 constant 2021 international $ compare
- 59 Kazakhstan 37,851 constant 2021 international $ compare
- 60 Panama 37,516 constant 2021 international $ compare
More economy & growth data for Latvia
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is gdp per capita, ppp in Latvia?
- Gdp per capita, ppp in Latvia was 38,800 constant 2021 international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp per capita, ppp recorded in Latvia?
- The highest recorded value was 38,800 constant 2021 international $ in 2025.
- What is the lowest gdp per capita, ppp recorded in Latvia?
- The lowest recorded value was 10,255 constant 2021 international $ in 1993.
- How does Latvia rank for gdp per capita, ppp?
- Latvia ranks 57th out of 199 countries with data for 2025.
- Is gdp per capita, ppp rising or falling in Latvia?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP per capita, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.