GDP per capita in Latvia
Latvia: GDP per capita was 16,892 constant 2015 US$ in 2025. ▲ Rising
GDP per capita in Latvia, 1990–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
In 2025, gdp per capita in Latvia stood at 16,892 constant 2015 US$. That is the highest value across all 36 years on record.
The figure is up 3.2% on the previous year and up 26.8% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 16,892 constant 2015 US$ in 2025 and was at its lowest, 4,465 constant 2015 US$, in 1993.
That places Latvia 70th out of 209 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,448 constant 2015 US$ | 4,465 constant 2015 US$ | 7,623 constant 2015 US$ | 10 |
| 2000s | 9,533 constant 2015 US$ | 6,336 constant 2015 US$ | 12,810 constant 2015 US$ | 10 |
| 2010s | 13,052 constant 2015 US$ | 10,501 constant 2015 US$ | 15,328 constant 2015 US$ | 10 |
| 2020s | 16,148 constant 2015 US$ | 14,901 constant 2015 US$ | 16,892 constant 2015 US$ | 6 |
Countries ranked near Latvia
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)
- 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)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
Frequently asked questions
- What is gdp per capita in Latvia?
- Gdp per capita in Latvia was 16,892 constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 16,892 constant 2015 US$ in 2025.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 4,465 constant 2015 US$ in 1993.
- How does Latvia rank for gdp per capita?
- Latvia ranks 70th out of 209 countries with data for 2025.
- Is gdp per capita 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – 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 by inflation but _does not_ account for differences in living costs between countries.