Gross domestic product (GDP) at current market prices by other in Latvia
Latvia: Gross domestic product (GDP) at current market prices by other was 26,049 Million euro in 2023. ▲ Rising
Latest (2023)
26,049 Million euro
Change on year
up 11.7%
World rank
31st
of 33 countries
All-time high
26,049 Million euro
in 2023
All-time low
5,208 Million euro
in 2000
Years of data
24
2000–2023
Gross domestic product (GDP) at current market prices by other in Latvia, 2000–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gross domestic product (gdp) at current market prices by other in Latvia stood at 26,049 Million euro. That is the highest value across all 24 years on record.
That represents a change of up 11.7% on the previous year and up 82.0% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by other in Latvia peaked at 26,049 Million euro in 2023 and was at its lowest, 5,208 Million euro, in 2000.
Latvia ranks 31st of 33 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Gross domestic product (GDP) at current market prices by other in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 2000 | 5,208 Million euro | — |
| 2001 | 5,693 Million euro | +9.3% |
| 2002 | 6,094 Million euro | +7.0% |
| 2003 | 6,259 Million euro | +2.7% |
| 2004 | 7,035 Million euro | +12.4% |
| 2005 | 8,376 Million euro | +19.1% |
| 2006 | 10,575 Million euro | +26.2% |
| 2007 | 13,821 Million euro | +30.7% |
| 2008 | 14,920 Million euro | +8.0% |
| 2009 | 11,791 Million euro | -21.0% |
| 2010 | 11,234 Million euro | -4.7% |
| 2011 | 11,973 Million euro | +6.6% |
| 2012 | 13,623 Million euro | +13.8% |
| 2013 | 14,311 Million euro | +5.0% |
| 2014 | 14,896 Million euro | +4.1% |
| 2015 | 15,670 Million euro | +5.2% |
| 2016 | 16,231 Million euro | +3.6% |
| 2017 | 17,203 Million euro | +6.0% |
| 2018 | 18,538 Million euro | +7.8% |
| 2019 | 19,431 Million euro | +4.8% |
| 2020 | 18,836 Million euro | -3.1% |
| 2021 | 20,935 Million euro | +11.1% |
| 2022 | 23,314 Million euro | +11.4% |
| 2023 | 26,049 Million euro | +11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8,977 Million euro | 5,208 Million euro | 14,920 Million euro | 10 |
| 2010s | 15,311 Million euro | 11,234 Million euro | 19,431 Million euro | 10 |
| 2020s | 22,283 Million euro | 18,836 Million euro | 26,049 Million euro | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) at current market prices by other in Latvia?
- Gross domestic product (gdp) at current market prices by other in Latvia was 26,049 Million euro in 2023, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by other recorded in Latvia?
- The highest recorded value was 26,049 Million euro in 2023.
- What is the lowest gross domestic product (gdp) at current market prices by other recorded in Latvia?
- The lowest recorded value was 5,208 Million euro in 2000.
- How does Latvia rank for gross domestic product (gdp) at current market prices by other?
- Latvia ranks 31st out of 33 countries with data for 2023.
- Is gross domestic product (gdp) at current market prices by other rising or falling in Latvia?
- Over the last ten years it is up 82.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) at current market prices by other typologies. Statizoid updates them automatically from the source API.
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