Gross domestic product (GDP), Current prices, US dollar in Latvia
Latvia: Gross domestic product (GDP), Current prices, US dollar was 69.13 billion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, US dollar in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, us dollar in Latvia is 69.13 billion, measured in 2031. That is the highest value across all 40 years on record.
That represents a change of up 4.9% on the previous year and up 80.9% over ten years.
Over the whole period, gross domestic product (gdp), current prices, us dollar in Latvia peaked at 69.13 billion in 2031 and was at its lowest, 1.64 billion, in 1992.
Latvia ranks 21st 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, US dollar in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 1.64 billion | — |
| 1993 | 2.64 billion | +61.0% |
| 1994 | 4.39 billion | +66.1% |
| 1995 | 5.24 billion | +19.4% |
| 1996 | 5.80 billion | +10.6% |
| 1997 | 6.35 billion | +9.5% |
| 1998 | 6.98 billion | +9.9% |
| 1999 | 7.33 billion | +5.0% |
| 2000 | 7.76 billion | +6.0% |
| 2001 | 8.19 billion | +5.5% |
| 2002 | 9.26 billion | +13.0% |
| 2003 | 11.25 billion | +21.5% |
| 2004 | 13.83 billion | +23.0% |
| 2005 | 16.33 billion | +18.1% |
| 2006 | 20.45 billion | +25.2% |
| 2007 | 29.46 billion | +44.1% |
| 2008 | 34.30 billion | +16.4% |
| 2009 | 25.76 billion | -24.9% |
| 2010 | 23.51 billion | -8.7% |
| 2011 | 26.83 billion | +14.1% |
| 2012 | 27.14 billion | +1.1% |
| 2013 | 29.16 billion | +7.4% |
| 2014 | 30.29 billion | +3.9% |
| 2015 | 26.35 billion | -13.0% |
| 2016 | 27.11 billion | +2.9% |
| 2017 | 29.38 billion | +8.4% |
| 2018 | 33.26 billion | +13.2% |
| 2019 | 33.10 billion | -0.5% |
| 2020 | 33.35 billion | +0.8% |
| 2021 | 38.21 billion | +14.6% |
| 2022 | 38.03 billion | -0.5% |
| 2023 | 42.79 billion | +12.5% |
| 2024 | 43.99 billion | +2.8% |
| 2025 | 48.59 billion | +10.5% |
| 2026 | 53.69 billion | +10.5% |
| 2027 | 56.74 billion | +5.7% |
| 2028 | 59.80 billion | +5.4% |
| 2029 | 62.79 billion | +5.0% |
| 2030 | 65.87 billion | +4.9% |
| 2031 | 69.13 billion | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.05 billion | 1.64 billion | 7.33 billion | 8 |
| 2000s | 17.66 billion | 7.76 billion | 34.30 billion | 10 |
| 2010s | 28.61 billion | 23.51 billion | 33.26 billion | 10 |
| 2020s | 47.80 billion | 33.35 billion | 62.79 billion | 10 |
| 2030s | 67.50 billion | 65.87 billion | 69.13 billion | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Final consumption expenditure (constant 2015 US$), per capita 13,539 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.75 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 27,517 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.96 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.9255 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 24,351 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.59 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7243 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 19,058 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, us dollar in Latvia?
- Gross domestic product (gdp), current prices, us dollar in Latvia was 69.13 billion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, us dollar recorded in Latvia?
- The highest recorded value was 69.13 billion in 2031.
- What is the lowest gross domestic product (gdp), current prices, us dollar recorded in Latvia?
- The lowest recorded value was 1.64 billion in 1992.
- How does Latvia rank for gross domestic product (gdp), current prices, us dollar?
- Latvia ranks 21st out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, us dollar rising or falling in Latvia?
- Over the last ten years it is up 80.9%. 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, US dollar (9/26/2025). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.