Gross domestic product (GDP), Constant prices, Purchasing power in Latvia
Latvia: Gross domestic product (GDP), Constant prices, Purchasing power was 59.07 in 2019. ▲ Rising
Gross domestic product (GDP), Constant prices, Purchasing power in Latvia, 1990–2019
Source: International Monetary Fund.
Analysis
Latvia recorded 59.07 for gross domestic product (gdp), constant prices, purchasing power in 2019. That is the highest value across all 30 years on record.
That represents a change of up 2.1% on the previous year and up 28.1% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Latvia peaked at 59.07 in 2019 and was at its lowest, 23.62, in 1995.
Latvia ranks 104th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Gross domestic product (GDP), Constant prices, Purchasing power in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 47.63 | — |
| 1991 | 42.67 | -10.4% |
| 1992 | 27.8 | -34.9% |
| 1993 | 23.66 | -14.9% |
| 1994 | 23.82 | +0.6% |
| 1995 | 23.62 | -0.8% |
| 1996 | 24.23 | +2.6% |
| 1997 | 26.38 | +8.9% |
| 1998 | 28.05 | +6.3% |
| 1999 | 28.82 | +2.7% |
| 2000 | 30.45 | +5.7% |
| 2001 | 32.38 | +6.3% |
| 2002 | 34.67 | +7.1% |
| 2003 | 37.6 | +8.4% |
| 2004 | 40.79 | +8.5% |
| 2005 | 45.17 | +10.7% |
| 2006 | 50.58 | +12.0% |
| 2007 | 55.66 | +10.0% |
| 2008 | 53.8 | -3.3% |
| 2009 | 46.13 | -14.3% |
| 2010 | 44.1 | -4.4% |
| 2011 | 46.95 | +6.5% |
| 2012 | 48.95 | +4.3% |
| 2013 | 50.08 | +2.3% |
| 2014 | 50.62 | +1.1% |
| 2015 | 52.64 | +4.0% |
| 2016 | 53.89 | +2.4% |
| 2017 | 55.65 | +3.3% |
| 2018 | 57.88 | +4.0% |
| 2019 | 59.07 | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.67 | 23.62 | 47.63 | 10 |
| 2000s | 42.72 | 30.45 | 55.66 | 10 |
| 2010s | 51.98 | 44.1 | 59.07 | 10 |
Countries ranked near Latvia
- 101 Uruguay 72.16 compare
- 102 Luxembourg 70.63 compare
- 103 Georgia 63.46 compare
- 105 Macau, China 58.79 compare
- 106 Zambia 56.26 compare
- 107 Lao People's Democratic Republic 56.15 compare
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, purchasing power in Latvia?
- Gross domestic product (gdp), constant prices, purchasing power in Latvia was 59.07 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Latvia?
- The highest recorded value was 59.07 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Latvia?
- The lowest recorded value was 23.62 in 1995.
- How does Latvia rank for gross domestic product (gdp), constant prices, purchasing power?
- Latvia ranks 104th 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 28.1%. 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, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.