Gross domestic product (GDP), Current prices, Purchasing power parity in Latvia
Latvia: Gross domestic product (GDP), Current prices, Purchasing power parity was 104.91 billion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Purchasing power parity in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, purchasing power parity in Latvia stood at 104.91 billion. That is the highest value across all 40 years on record.
Compared with earlier readings it is up 4.2% on the previous year and up 56.4% over ten years.
Over the whole period, gross domestic product (gdp), current prices, purchasing power parity in Latvia peaked at 104.91 billion in 2031 and was at its lowest, 14.28 billion, in 1993.
Latvia ranks 22nd of 26 countries on this measure, 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, Purchasing power parity in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 15.75 billion | — |
| 1993 | 14.28 billion | -9.3% |
| 1994 | 14.91 billion | +4.4% |
| 1995 | 14.91 billion | -0.0% |
| 1996 | 15.53 billion | +4.2% |
| 1997 | 17.24 billion | +11.1% |
| 1998 | 18.58 billion | +7.7% |
| 1999 | 19.37 billion | +4.3% |
| 2000 | 20.97 billion | +8.2% |
| 2001 | 22.83 billion | +8.9% |
| 2002 | 24.96 billion | +9.3% |
| 2003 | 27.60 billion | +10.6% |
| 2004 | 30.81 billion | +11.6% |
| 2005 | 35.47 billion | +15.1% |
| 2006 | 41.25 billion | +16.3% |
| 2007 | 46.78 billion | +13.4% |
| 2008 | 46.07 billion | -1.5% |
| 2009 | 38.92 billion | -15.5% |
| 2010 | 37.95 billion | -2.5% |
| 2011 | 39.91 billion | +5.2% |
| 2012 | 43.62 billion | +9.3% |
| 2013 | 45.29 billion | +3.8% |
| 2014 | 47.05 billion | +3.9% |
| 2015 | 49.28 billion | +4.7% |
| 2016 | 51.02 billion | +3.5% |
| 2017 | 53.69 billion | +5.3% |
| 2018 | 57.46 billion | +7.0% |
| 2019 | 61.62 billion | +7.2% |
| 2020 | 62.22 billion | +1.0% |
| 2021 | 67.09 billion | +7.8% |
| 2022 | 73.24 billion | +9.2% |
| 2023 | 75.23 billion | +2.7% |
| 2024 | 77.07 billion | +2.4% |
| 2025 | 80.95 billion | +5.0% |
| 2026 | 85.12 billion | +5.1% |
| 2027 | 89.05 billion | +4.6% |
| 2028 | 92.67 billion | +4.1% |
| 2029 | 96.56 billion | +4.2% |
| 2030 | 100.67 billion | +4.2% |
| 2031 | 104.91 billion | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.32 billion | 14.28 billion | 19.37 billion | 8 |
| 2000s | 33.57 billion | 20.97 billion | 46.78 billion | 10 |
| 2010s | 48.69 billion | 37.95 billion | 61.62 billion | 10 |
| 2020s | 79.92 billion | 62.22 billion | 96.56 billion | 10 |
| 2030s | 102.79 billion | 100.67 billion | 104.91 billion | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, purchasing power parity in Latvia?
- Gross domestic product (gdp), current prices, purchasing power parity in Latvia was 104.91 billion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, purchasing power parity recorded in Latvia?
- The highest recorded value was 104.91 billion in 2031.
- What is the lowest gross domestic product (gdp), current prices, purchasing power parity recorded in Latvia?
- The lowest recorded value was 14.28 billion in 1993.
- How does Latvia rank for gross domestic product (gdp), current prices, purchasing power parity?
- Latvia ranks 22nd out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, purchasing power parity rising or falling in Latvia?
- Over the last ten years it is up 56.4%. 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, Purchasing power parity (PPP) international dollar, ICP benchmarks 2017-2021 (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.