Gross domestic product (GDP), Constant prices, Per capita, purchasing in Latvia
Latvia: Gross domestic product (GDP), Constant prices, Per capita, purchasing was 43,236 in 2031. ▲ Rising
Gross domestic product (GDP), Constant prices, Per capita, purchasing in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, per capita, purchasing in Latvia is 43,236, measured in 2031. That is the highest value across all 40 years on record.
Compared with earlier readings it is up 2.6% on the previous year and up 22.0% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, per capita, purchasing in Latvia peaked at 43,236 in 2031 and was at its lowest, 9,611, in 1993.
That places Latvia 15th out of 26 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Gross domestic product (GDP), Constant prices, Per capita, purchasing in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 10,815 | — |
| 1993 | 9,611 | -11.1% |
| 1994 | 9,976 | +3.8% |
| 1995 | 10,264 | +2.9% |
| 1996 | 10,632 | +3.6% |
| 1997 | 11,724 | +10.3% |
| 1998 | 12,616 | +7.6% |
| 1999 | 13,088 | +3.7% |
| 2000 | 13,955 | +6.6% |
| 2001 | 15,035 | +7.7% |
| 2002 | 16,414 | +9.2% |
| 2003 | 17,964 | +9.4% |
| 2004 | 19,728 | +9.8% |
| 2005 | 22,282 | +12.9% |
| 2006 | 25,386 | +13.9% |
| 2007 | 28,271 | +11.4% |
| 2008 | 27,525 | -2.6% |
| 2009 | 23,420 | -14.9% |
| 2010 | 23,013 | -1.7% |
| 2011 | 24,236 | +5.3% |
| 2012 | 26,386 | +8.9% |
| 2013 | 27,218 | +3.2% |
| 2014 | 28,098 | +3.2% |
| 2015 | 29,387 | +4.6% |
| 2016 | 30,400 | +3.4% |
| 2017 | 31,736 | +4.4% |
| 2018 | 33,374 | +5.2% |
| 2019 | 33,851 | +1.4% |
| 2020 | 32,887 | -2.8% |
| 2021 | 35,439 | +7.8% |
| 2022 | 36,452 | +2.9% |
| 2023 | 35,969 | -1.3% |
| 2024 | 36,170 | +0.6% |
| 2025 | 37,168 | +2.8% |
| 2026 | 38,068 | +2.4% |
| 2027 | 39,050 | +2.6% |
| 2028 | 40,060 | +2.6% |
| 2029 | 41,095 | +2.6% |
| 2030 | 42,153 | +2.6% |
| 2031 | 43,236 | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11,091 | 9,611 | 13,088 | 8 |
| 2000s | 20,998 | 13,955 | 28,271 | 10 |
| 2010s | 28,770 | 23,013 | 33,851 | 10 |
| 2020s | 37,236 | 32,887 | 41,095 | 10 |
| 2030s | 42,695 | 42,153 | 43,236 | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, per capita, purchasing in Latvia?
- Gross domestic product (gdp), constant prices, per capita, purchasing in Latvia was 43,236 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, per capita, purchasing recorded in Latvia?
- The highest recorded value was 43,236 in 2031.
- What is the lowest gross domestic product (gdp), constant prices, per capita, purchasing recorded in Latvia?
- The lowest recorded value was 9,611 in 1993.
- How does Latvia rank for gross domestic product (gdp), constant prices, per capita, purchasing?
- Latvia ranks 15th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, per capita, purchasing rising or falling in Latvia?
- Over the last ten years it is up 22.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Per capita, purchasing power parity (PPP) international dollar, ICP benchmark 2021 (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.