Gross domestic product (GDP) in Latvia
Latvia: Gross domestic product (GDP) was 71.70 billion international-$ in 2021 prices in 2025. ▲ Rising
Gross domestic product (GDP) in Latvia, 1990–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2025, gross domestic product (gdp) in Latvia stood at 71.70 billion international-$ in 2021 prices. That is the highest value across all 36 years on record.
The figure 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 71.70 billion international-$ in 2021 prices in 2025 and was at its lowest, 26.29 billion international-$ in 2021 prices, in 1993.
Latvia ranks 109th of 198 countries on this measure, 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 | 31.60 billion international-$ in 2021 prices | 26.29 billion international-$ in 2021 prices | 46.63 billion international-$ in 2021 prices | 10 |
| 2000s | 49.04 billion international-$ in 2021 prices | 34.46 billion international-$ in 2021 prices | 64.74 billion international-$ in 2021 prices | 10 |
| 2010s | 59.51 billion international-$ in 2021 prices | 50.59 billion international-$ in 2021 prices | 67.38 billion international-$ in 2021 prices | 10 |
| 2020s | 69.60 billion international-$ in 2021 prices | 65.04 billion international-$ in 2021 prices | 71.70 billion international-$ in 2021 prices | 6 |
Countries ranked near Latvia
- 106 El Salvador 76.70 billion international-$ in 2021 prices compare
- 107 Mali 75.43 billion international-$ in 2021 prices compare
- 108 Honduras 74.03 billion international-$ in 2021 prices compare
- 110 Guyana 69.94 billion international-$ in 2021 prices compare
- 111 Laos 69.86 billion international-$ in 2021 prices compare
- 112 Bosnia and Herzegovina 66.50 billion international-$ in 2021 prices 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)
- 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)
Frequently asked questions
- What is gross domestic product (gdp) in Latvia?
- Gross domestic product (gdp) in Latvia was 71.70 billion international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (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 71.70 billion international-$ in 2021 prices in 2025.
- What is the lowest gross domestic product (gdp) recorded in Latvia?
- The lowest recorded value was 26.29 billion international-$ in 2021 prices in 1993.
- How does Latvia rank for gross domestic product (gdp)?
- Latvia ranks 109th out of 198 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 Eurostat, OECD, IMF, and World Bank (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.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.