Gross domestic income in Latvia
Latvia: Gross domestic income was 32.29 billion constant LCU in 2025. ▲ Rising
Gross domestic income in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross domestic income in Latvia is 32.29 billion constant LCU, measured in 2025. That is the highest value across all 31 years on record.
That represents a change of up 2.7% on the previous year and up 25.8% over ten years.
Over the whole period, gross domestic income in Latvia peaked at 32.29 billion constant LCU in 2025 and was at its lowest, 11.64 billion constant LCU, in 1995.
That places Latvia 143rd out of 178 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross domestic income in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 11.64 billion constant LCU | — |
| 1996 | 11.83 billion constant LCU | +1.6% |
| 1997 | 12.55 billion constant LCU | +6.1% |
| 1998 | 13.60 billion constant LCU | +8.3% |
| 1999 | 14.19 billion constant LCU | +4.3% |
| 2000 | 14.70 billion constant LCU | +3.6% |
| 2001 | 15.71 billion constant LCU | +6.9% |
| 2002 | 16.80 billion constant LCU | +6.9% |
| 2003 | 18.36 billion constant LCU | +9.3% |
| 2004 | 20.08 billion constant LCU | +9.4% |
| 2005 | 22.22 billion constant LCU | +10.6% |
| 2006 | 25.07 billion constant LCU | +12.9% |
| 2007 | 28.10 billion constant LCU | +12.1% |
| 2008 | 26.89 billion constant LCU | -4.3% |
| 2009 | 22.57 billion constant LCU | -16.1% |
| 2010 | 21.56 billion constant LCU | -4.5% |
| 2011 | 22.47 billion constant LCU | +4.2% |
| 2012 | 23.71 billion constant LCU | +5.5% |
| 2013 | 24.30 billion constant LCU | +2.5% |
| 2014 | 24.63 billion constant LCU | +1.3% |
| 2015 | 25.66 billion constant LCU | +4.2% |
| 2016 | 26.75 billion constant LCU | +4.3% |
| 2017 | 27.70 billion constant LCU | +3.5% |
| 2018 | 29.20 billion constant LCU | +5.4% |
| 2019 | 29.94 billion constant LCU | +2.5% |
| 2020 | 29.22 billion constant LCU | -2.4% |
| 2021 | 30.94 billion constant LCU | +5.9% |
| 2022 | 30.89 billion constant LCU | -0.2% |
| 2023 | 31.23 billion constant LCU | +1.1% |
| 2024 | 31.44 billion constant LCU | +0.7% |
| 2025 | 32.29 billion constant LCU | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.76 billion constant LCU | 11.64 billion constant LCU | 14.19 billion constant LCU | 5 |
| 2000s | 21.05 billion constant LCU | 14.70 billion constant LCU | 28.10 billion constant LCU | 10 |
| 2010s | 25.59 billion constant LCU | 21.56 billion constant LCU | 29.94 billion constant LCU | 10 |
| 2020s | 31.00 billion constant LCU | 29.22 billion constant LCU | 32.29 billion constant LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic income in Latvia?
- Gross domestic income in Latvia was 32.29 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Latvia?
- The highest recorded value was 32.29 billion constant LCU in 2025.
- What is the lowest gross domestic income recorded in Latvia?
- The lowest recorded value was 11.64 billion constant LCU in 1995.
- How does Latvia rank for gross domestic income?
- Latvia ranks 143rd out of 178 countries with data for 2025.
- Is gross domestic income rising or falling in Latvia?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic income (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.