Gross domestic product (GDP), Constant prices, Purchasing power in Latvia
Latvia: Gross domestic product (GDP), Constant prices, Purchasing power was 2.05 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Latvia, 1991–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Latvia stood at 2.05 % change on previous year.
Compared with earlier readings it is down 49.0% on the previous year and up 114.4% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Latvia peaked at 11.99 % change on previous year in 2006 and was at its lowest, -34.86 % change on previous year, in 1992.
Latvia ranks 116th of 193 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, Purchasing power in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -10.41 % change on previous year | — |
| 1992 | -34.86 % change on previous year | +234.8% |
| 1993 | -14.87 % change on previous year | -57.3% |
| 1994 | 0.6461 % change on previous year | -104.3% |
| 1995 | -0.8108 % change on previous year | -225.5% |
| 1996 | 2.57 % change on previous year | -416.9% |
| 1997 | 8.86 % change on previous year | +245.0% |
| 1998 | 6.34 % change on previous year | -28.5% |
| 1999 | 2.74 % change on previous year | -56.8% |
| 2000 | 5.67 % change on previous year | +106.9% |
| 2001 | 6.32 % change on previous year | +11.5% |
| 2002 | 7.08 % change on previous year | +12.0% |
| 2003 | 8.43 % change on previous year | +19.1% |
| 2004 | 8.5 % change on previous year | +0.8% |
| 2005 | 10.72 % change on previous year | +26.2% |
| 2006 | 11.99 % change on previous year | +11.8% |
| 2007 | 10.03 % change on previous year | -16.3% |
| 2008 | -3.33 % change on previous year | -133.2% |
| 2009 | -14.26 % change on previous year | +328.6% |
| 2010 | -4.41 % change on previous year | -69.1% |
| 2011 | 6.47 % change on previous year | -246.8% |
| 2012 | 4.25 % change on previous year | -34.3% |
| 2013 | 2.31 % change on previous year | -45.7% |
| 2014 | 1.07 % change on previous year | -53.5% |
| 2015 | 4.01 % change on previous year | +273.2% |
| 2016 | 2.37 % change on previous year | -40.8% |
| 2017 | 3.25 % change on previous year | +37.0% |
| 2018 | 4.02 % change on previous year | +23.8% |
| 2019 | 2.05 % change on previous year | -49.0% |
Latvia compared with similar countries
- Latvia's 2.05 % change on previous year is above the median for high income countries, which is 1.81 % change on previous year, 1.1× the median. (65 countries reporting)
- Latvia's 2.05 % change on previous year is below the median for Europe & Central Asia, which is 2.4 % change on previous year, 86% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -4.42 % change on previous year | -34.86 % change on previous year | 8.86 % change on previous year | 9 |
| 2000s | 5.12 % change on previous year | -14.26 % change on previous year | 11.99 % change on previous year | 10 |
| 2010s | 2.54 % change on previous year | -4.41 % change on previous year | 6.47 % change on previous year | 10 |
Countries ranked near Latvia
- 113 Peru 2.15 % change on previous year compare
- 114 Yemen 2.1 % change on previous year compare
- 115 Costa Rica 2.08 % change on previous year compare
- 117 South Korea 2.04 % change on previous year compare
- 118 Grenada 2 % change on previous year compare
- 119 Jordan 1.95 % change on previous year compare
More economy & growth data for Latvia
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 148.41 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 325.6 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDR Allocation, SDR, per capita 237.75 units per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Latvia?
- Gross domestic product (gdp), constant prices, purchasing power in Latvia was 2.05 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Latvia?
- The highest recorded value was 11.99 % change on previous year in 2006.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Latvia?
- The lowest recorded value was -34.86 % change on previous year in 1992.
- How does Latvia rank for gross domestic product (gdp), constant prices, purchasing power?
- Latvia ranks 116th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Latvia?
- Over the last ten years it is up 114.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Constant prices, Purchasing power International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.