Gross domestic product (GDP), Current prices, Per capita, Domestic in Latvia
Latvia: Gross domestic product (GDP), Current prices, Per capita, Domestic was 32,078 in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Per capita, Domestic in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, per capita, domestic in Latvia is 32,078, measured in 2031. That is the highest value across all 40 years on record.
That represents a change of up 5.2% on the previous year and up 88.1% over ten years.
Over the whole period, gross domestic product (gdp), current prices, per capita, domestic in Latvia peaked at 32,078 in 2031 and was at its lowest, 642.17, in 1992.
That places Latvia 24th out of 26 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Per capita, Domestic in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 642.17 | — |
| 1993 | 940.63 | +46.5% |
| 1994 | 1,330 | +41.4% |
| 1995 | 1,573 | +18.2% |
| 1996 | 1,840 | +17.0% |
| 1997 | 2,147 | +16.7% |
| 1998 | 2,418 | +12.6% |
| 1999 | 2,542 | +5.1% |
| 2000 | 2,812 | +10.6% |
| 2001 | 3,109 | +10.6% |
| 2002 | 3,505 | +12.7% |
| 2003 | 3,976 | +13.4% |
| 2004 | 4,669 | +17.4% |
| 2005 | 5,824 | +24.7% |
| 2006 | 7,314 | +25.6% |
| 2007 | 9,738 | +33.1% |
| 2008 | 10,654 | +9.4% |
| 2009 | 8,546 | -19.8% |
| 2010 | 8,356 | -2.2% |
| 2011 | 9,215 | +10.3% |
| 2012 | 10,321 | +12.0% |
| 2013 | 10,849 | +5.1% |
| 2014 | 11,387 | +5.0% |
| 2015 | 11,955 | +5.0% |
| 2016 | 12,442 | +4.1% |
| 2017 | 13,341 | +7.2% |
| 2018 | 14,554 | +9.1% |
| 2019 | 15,400 | +5.8% |
| 2020 | 15,319 | -0.5% |
| 2021 | 17,052 | +11.3% |
| 2022 | 19,240 | +12.8% |
| 2023 | 21,011 | +9.2% |
| 2024 | 21,717 | +3.4% |
| 2025 | 23,125 | +6.5% |
| 2026 | 24,518 | +6.0% |
| 2027 | 26,025 | +6.1% |
| 2028 | 27,558 | +5.9% |
| 2029 | 29,007 | +5.3% |
| 2030 | 30,499 | +5.1% |
| 2031 | 32,078 | +5.2% |
Latvia compared with similar countries
- Latvia's 32,078 is below the median for high income countries, which is 150,009, 21% of the median. (13 countries reporting)
- Latvia's 32,078 is below the median for Europe & Central Asia, which is 40,804, 79% of the median. (7 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Per capita, Domestic 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 |
|---|---|---|---|
| 1993 | +46.5% | 642.17 | 940.63 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,679 | 642.17 | 2,542 | 8 |
| 2000s | 6,015 | 2,812 | 10,654 | 10 |
| 2010s | 11,782 | 8,356 | 15,400 | 10 |
| 2020s | 22,457 | 15,319 | 29,007 | 10 |
| 2030s | 31,288 | 30,499 | 32,078 | 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), current prices, per capita, domestic in Latvia?
- Gross domestic product (gdp), current prices, per capita, domestic in Latvia was 32,078 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, per capita, domestic recorded in Latvia?
- The highest recorded value was 32,078 in 2031.
- What is the lowest gross domestic product (gdp), current prices, per capita, domestic recorded in Latvia?
- The lowest recorded value was 642.17 in 1992.
- How does Latvia rank for gross domestic product (gdp), current prices, per capita, domestic?
- Latvia ranks 24th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, per capita, domestic rising or falling in Latvia?
- Over the last ten years it is up 88.1%. 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), Current prices, Per capita, Domestic currency (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.