Gross domestic product (GDP) in Latvia
Latvia: Gross domestic product (GDP) was 31.21 billion constant 2015 US$ in 2025. ▲ Rising
Gross domestic product (GDP) 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$.
Analysis
The most recent figure for gross domestic product (gdp) in Latvia is 31.21 billion constant 2015 US$, measured in 2025. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 18.5% over ten years.
Over the whole period, gross domestic product (gdp) in Latvia peaked at 31.21 billion constant 2015 US$ in 2025 and was at its lowest, 11.44 billion constant 2015 US$, in 1993.
That places Latvia 105th out of 209 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.76 billion constant 2015 US$ | 11.44 billion constant 2015 US$ | 20.30 billion constant 2015 US$ | 10 |
| 2000s | 21.35 billion constant 2015 US$ | 15.00 billion constant 2015 US$ | 28.19 billion constant 2015 US$ | 10 |
| 2010s | 25.91 billion constant 2015 US$ | 22.03 billion constant 2015 US$ | 29.34 billion constant 2015 US$ | 10 |
| 2020s | 30.30 billion constant 2015 US$ | 28.32 billion constant 2015 US$ | 31.21 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 102 Cyprus 33.08 billion constant 2015 US$ compare
- 103 Guyana 32.76 billion constant 2015 US$ compare
- 104 Lebanon 31.30 billion constant 2015 US$ compare
- 106 El Salvador 30.14 billion constant 2015 US$ compare
- 107 Sudan 30.07 billion constant 2015 US$ compare
- 108 Senegal 29.96 billion constant 2015 US$ compare
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)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (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 gross domestic product (gdp) in Latvia?
- Gross domestic product (gdp) in Latvia was 31.21 billion 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 gross domestic product (gdp) recorded in Latvia?
- The highest recorded value was 31.21 billion constant 2015 US$ in 2025.
- What is the lowest gross domestic product (gdp) recorded in Latvia?
- The lowest recorded value was 11.44 billion constant 2015 US$ in 1993.
- How does Latvia rank for gross domestic product (gdp)?
- Latvia ranks 105th out of 209 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Latvia?
- Over the last ten years it is up 18.5%. 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 Gross domestic product (GDP). 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
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.