Gross domestic product (GDP) in Latvia
Latvia: Gross domestic product (GDP) was 71.70 billion international-$ in 2021 prices in 2025. ▲ Rising
Latest (2025)
71.70 billion international-$ in 2021 prices
Change on year
up 2.1%
World rank
109th
of 198 countries
All-time high
71.70 billion international-$ in 2021 prices
in 2025
All-time low
26.29 billion international-$ in 2021 prices
in 1993
Years of data
36
1990–2025
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.
Gross domestic product (GDP) in Latvia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 46.63 billion international-$ in 2021 prices | — |
| 1991 | 40.76 billion international-$ in 2021 prices | -12.6% |
| 1992 | 27.67 billion international-$ in 2021 prices | -32.1% |
| 1993 | 26.29 billion international-$ in 2021 prices | -5.0% |
| 1994 | 26.86 billion international-$ in 2021 prices | +2.2% |
| 1995 | 26.61 billion international-$ in 2021 prices | -0.9% |
| 1996 | 27.22 billion international-$ in 2021 prices | +2.3% |
| 1997 | 29.72 billion international-$ in 2021 prices | +9.2% |
| 1998 | 31.66 billion international-$ in 2021 prices | +6.6% |
| 1999 | 32.56 billion international-$ in 2021 prices | +2.8% |
| 2000 | 34.46 billion international-$ in 2021 prices | +5.8% |
| 2001 | 36.68 billion international-$ in 2021 prices | +6.5% |
| 2002 | 39.50 billion international-$ in 2021 prices | +7.7% |
| 2003 | 42.83 billion international-$ in 2021 prices | +8.4% |
| 2004 | 46.56 billion international-$ in 2021 prices | +8.7% |
| 2005 | 51.97 billion international-$ in 2021 prices | +11.6% |
| 2006 | 58.64 billion international-$ in 2021 prices | +12.8% |
| 2007 | 64.74 billion international-$ in 2021 prices | +10.4% |
| 2008 | 62.55 billion international-$ in 2021 prices | -3.4% |
| 2009 | 52.52 billion international-$ in 2021 prices | -16.0% |
| 2010 | 50.59 billion international-$ in 2021 prices | -3.7% |
| 2011 | 52.13 billion international-$ in 2021 prices | +3.0% |
| 2012 | 55.94 billion international-$ in 2021 prices | +7.3% |
| 2013 | 57.11 billion international-$ in 2021 prices | +2.1% |
| 2014 | 58.31 billion international-$ in 2021 prices | +2.1% |
| 2015 | 60.51 billion international-$ in 2021 prices | +3.8% |
| 2016 | 62.06 billion international-$ in 2021 prices | +2.6% |
| 2017 | 64.16 billion international-$ in 2021 prices | +3.4% |
| 2018 | 66.93 billion international-$ in 2021 prices | +4.3% |
| 2019 | 67.38 billion international-$ in 2021 prices | +0.7% |
| 2020 | 65.04 billion international-$ in 2021 prices | -3.5% |
| 2021 | 69.56 billion international-$ in 2021 prices | +6.9% |
| 2022 | 70.89 billion international-$ in 2021 prices | +1.9% |
| 2023 | 70.22 billion international-$ in 2021 prices | -0.9% |
| 2024 | 70.19 billion international-$ in 2021 prices | -0.0% |
| 2025 | 71.70 billion international-$ in 2021 prices | +2.1% |
Latvia compared with similar countries
- Latvia's 71.70 billion international-$ in 2021 prices is below the median for high income countries, which is 209.44 billion international-$ in 2021 prices, 34% of the median. (74 countries reporting)
- Latvia's 71.70 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 249.10 billion international-$ in 2021 prices, 29% of the median. (52 countries reporting)
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
- 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 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.
Download this data
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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.