Gross domestic product (GDP), Current prices, Domestic currency in Latvia
Latvia: Gross domestic product (GDP), Current prices, Domestic currency was 4.53 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Latvia, 1991–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Latvia is 4.53 % change on previous year, measured in 2019.
Compared with earlier readings it is down 44.0% on the previous year and up 120.1% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Latvia peaked at 600.92 % change on previous year in 1992 and was at its lowest, -22.6 % change on previous year, in 2009.
That places Latvia 107th out of 194 countries with data for 2019, putting it 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), Current prices, Domestic currency in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 129.54 % change on previous year | — |
| 1992 | 600.92 % change on previous year | +363.9% |
| 1993 | 46.03 % change on previous year | -92.3% |
| 1994 | 39.24 % change on previous year | -14.8% |
| 1995 | 28.03 % change on previous year | -28.6% |
| 1996 | 15.29 % change on previous year | -45.4% |
| 1997 | 15.25 % change on previous year | -0.3% |
| 1998 | 11.46 % change on previous year | -24.8% |
| 1999 | 4.28 % change on previous year | -62.7% |
| 2000 | 9.49 % change on previous year | +121.9% |
| 2001 | 8.76 % change on previous year | -7.7% |
| 2002 | 12.53 % change on previous year | +43.0% |
| 2003 | 13.79 % change on previous year | +10.0% |
| 2004 | 15.88 % change on previous year | +15.2% |
| 2005 | 23.09 % change on previous year | +45.4% |
| 2006 | 25.91 % change on previous year | +12.2% |
| 2007 | 32.11 % change on previous year | +23.9% |
| 2008 | 7.91 % change on previous year | -75.4% |
| 2009 | -22.6 % change on previous year | -385.7% |
| 2010 | -4.81 % change on previous year | -78.7% |
| 2011 | 13.25 % change on previous year | -375.8% |
| 2012 | 8 % change on previous year | -39.6% |
| 2013 | 3.99 % change on previous year | -50.2% |
| 2014 | 3.01 % change on previous year | -24.5% |
| 2015 | 4.01 % change on previous year | +33.2% |
| 2016 | 3.25 % change on previous year | -18.8% |
| 2017 | 6.32 % change on previous year | +94.1% |
| 2018 | 8.09 % change on previous year | +28.0% |
| 2019 | 4.53 % change on previous year | -44.0% |
Latvia compared with similar countries
- Latvia's 4.53 % change on previous year is above the median for high income countries, which is 3.62 % change on previous year, 1.3× the median. (65 countries reporting)
- Latvia's 4.53 % change on previous year is below the median for Europe & Central Asia, which is 5.34 % change on previous year, 85% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -385.7% | 7.91 % change on previous year | -22.6 % change on previous year |
| 2011 | +375.8% | -4.81 % change on previous year | 13.25 % change on previous year |
| 1992 | +363.9% | 129.54 % change on previous year | 600.92 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 98.89 % change on previous year | 4.28 % change on previous year | 600.92 % change on previous year | 9 |
| 2000s | 12.69 % change on previous year | -22.6 % change on previous year | 32.11 % change on previous year | 10 |
| 2010s | 4.96 % change on previous year | -4.81 % change on previous year | 13.25 % change on previous year | 10 |
Countries ranked near Latvia
- 104 Netherlands 4.63 % change on previous year compare
- 105 Chad 4.55 % change on previous year compare
- 106 New Zealand 4.53 % change on previous year compare
- 108 Mauritius 4.53 % change on previous year compare
- 109 Sri Lanka 4.52 % change on previous year compare
- 110 Croatia 4.47 % 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), current prices, domestic currency in Latvia?
- Gross domestic product (gdp), current prices, domestic currency in Latvia was 4.53 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Latvia?
- The highest recorded value was 600.92 % change on previous year in 1992.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Latvia?
- The lowest recorded value was -22.6 % change on previous year in 2009.
- How does Latvia rank for gross domestic product (gdp), current prices, domestic currency?
- Latvia ranks 107th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Latvia?
- Over the last ten years it is up 120.1%. 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), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency 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), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.