GDP per capita in Latvia
Latvia: GDP per capita was 16,892 constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
16,892 constant 2015 US$
Change on year
up 3.2%
World rank
70th
of 209 countries
All-time high
16,892 constant 2015 US$
in 2025
All-time low
4,465 constant 2015 US$
in 1993
Years of data
36
1990–2025
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$, in 1993.
That places Latvia 70th out of 209 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
GDP per capita in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 7,623 constant 2015 US$ | — |
| 1991 | 6,694 constant 2015 US$ | -12.2% |
| 1992 | 4,607 constant 2015 US$ | -31.2% |
| 1993 | 4,465 constant 2015 US$ | -3.1% |
| 1994 | 4,640 constant 2015 US$ | +3.9% |
| 1995 | 4,662 constant 2015 US$ | +0.5% |
| 1996 | 4,823 constant 2015 US$ | +3.5% |
| 1997 | 5,318 constant 2015 US$ | +10.3% |
| 1998 | 5,720 constant 2015 US$ | +7.6% |
| 1999 | 5,929 constant 2015 US$ | +3.7% |
| 2000 | 6,336 constant 2015 US$ | +6.9% |
| 2001 | 6,833 constant 2015 US$ | +7.8% |
| 2002 | 7,443 constant 2015 US$ | +8.9% |
| 2003 | 8,149 constant 2015 US$ | +9.5% |
| 2004 | 8,957 constant 2015 US$ | +9.9% |
| 2005 | 10,106 constant 2015 US$ | +12.8% |
| 2006 | 11,508 constant 2015 US$ | +13.9% |
| 2007 | 12,810 constant 2015 US$ | +11.3% |
| 2008 | 12,507 constant 2015 US$ | -2.4% |
| 2009 | 10,675 constant 2015 US$ | -14.6% |
| 2010 | 10,501 constant 2015 US$ | -1.6% |
| 2011 | 11,018 constant 2015 US$ | +4.9% |
| 2012 | 11,971 constant 2015 US$ | +8.6% |
| 2013 | 12,354 constant 2015 US$ | +3.2% |
| 2014 | 12,732 constant 2015 US$ | +3.1% |
| 2015 | 13,322 constant 2015 US$ | +4.6% |
| 2016 | 13,787 constant 2015 US$ | +3.5% |
| 2017 | 14,383 constant 2015 US$ | +4.3% |
| 2018 | 15,120 constant 2015 US$ | +5.1% |
| 2019 | 15,328 constant 2015 US$ | +1.4% |
| 2020 | 14,901 constant 2015 US$ | -2.8% |
| 2021 | 16,070 constant 2015 US$ | +7.8% |
| 2022 | 16,421 constant 2015 US$ | +2.2% |
| 2023 | 16,229 constant 2015 US$ | -1.2% |
| 2024 | 16,376 constant 2015 US$ | +0.9% |
| 2025 | 16,892 constant 2015 US$ | +3.2% |
Latvia compared with similar countries
- Latvia's 16,892 constant 2015 US$ is below the median for high income countries, which is 34,672 constant 2015 US$, 49% of the median. (80 countries reporting)
- Latvia's 16,892 constant 2015 US$ is below the median for Europe & Central Asia, which is 20,647 constant 2015 US$, 82% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,448 constant 2015 US$ | 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
- 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 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.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.