Gross domestic product (GDP), Constant prices, Percent change in Latvia
Latvia: Gross domestic product (GDP), Constant prices, Percent change was 2.37 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Latvia, 1993–2031
Source: International Monetary Fund.
Analysis
Latvia recorded 2.37 for gross domestic product (gdp), constant prices, percent change in 2031.
The figure is down 0.1% on the previous year and down 65.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Latvia peaked at 12.82 in 2006 and was at its lowest, -16.04, in 2009.
Latvia ranks 18th of 26 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent change in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | -11.4 | — |
| 1994 | 2.2 | -119.3% |
| 1995 | -2.08 | -194.7% |
| 1996 | 2.3 | -210.4% |
| 1997 | 9.17 | +298.8% |
| 1998 | 6.55 | -28.6% |
| 1999 | 2.82 | -57.0% |
| 2000 | 5.84 | +107.2% |
| 2001 | 6.46 | +10.6% |
| 2002 | 7.67 | +18.7% |
| 2003 | 8.43 | +10.0% |
| 2004 | 8.73 | +3.5% |
| 2005 | 11.62 | +33.1% |
| 2006 | 12.82 | +10.4% |
| 2007 | 10.41 | -18.8% |
| 2008 | -3.39 | -132.5% |
| 2009 | -16.04 | +373.3% |
| 2010 | -3.66 | -77.2% |
| 2011 | 3.04 | -182.9% |
| 2012 | 7.31 | +140.6% |
| 2013 | 2.1 | -71.3% |
| 2014 | 2.09 | -0.1% |
| 2015 | 3.78 | +80.6% |
| 2016 | 2.55 | -32.6% |
| 2017 | 3.4 | +33.2% |
| 2018 | 4.31 | +26.8% |
| 2019 | 0.6754 | -84.3% |
| 2020 | -3.47 | -613.7% |
| 2021 | 6.94 | -300.1% |
| 2022 | 1.91 | -72.5% |
| 2023 | -0.9416 | -149.3% |
| 2024 | -0.0371 | -96.1% |
| 2025 | 2.14 | -5869.1% |
| 2026 | 2.22 | +3.7% |
| 2027 | 2.37 | +7.0% |
| 2028 | 2.38 | +0.3% |
| 2029 | 2.38 | +0.0% |
| 2030 | 2.37 | -0.5% |
| 2031 | 2.37 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.37 | -11.4 | 9.17 | 7 |
| 2000s | 5.25 | -16.04 | 12.82 | 10 |
| 2010s | 2.56 | -3.66 | 7.31 | 10 |
| 2020s | 1.59 | -3.47 | 6.94 | 10 |
| 2030s | 2.37 | 2.37 | 2.37 | 2 |
Countries ranked near Latvia
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), constant prices, percent change in Latvia?
- Gross domestic product (gdp), constant prices, percent change in Latvia was 2.37 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Latvia?
- The highest recorded value was 12.82 in 2006.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Latvia?
- The lowest recorded value was -16.04 in 2009.
- How does Latvia rank for gross domestic product (gdp), constant prices, percent change?
- Latvia ranks 18th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Latvia?
- Over the last ten years it is down 65.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change (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.