Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 international $ was 0.0396 units per person in 2025. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, 1991–2025
Source: Statizoid (derived). Measured in units per person.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Latvia is 0.0396 units per person, measured in 2025. That is the highest value across all 35 years on record.
The figure is up 2.0% on the previous year and up 29.6% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latvia peaked at 0.0396 units per person in 2025 and was at its lowest, 0.0103 units per person, in 1993.
Latvia ranks 49th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, year by year
| Year | units per person | Change |
|---|---|---|
| 1991 | 0.0154 units per person | — |
| 1992 | 0.0106 units per person | -31.2% |
| 1993 | 0.0103 units per person | -3.1% |
| 1994 | 0.0107 units per person | +3.9% |
| 1995 | 0.0107 units per person | +0.5% |
| 1996 | 0.0111 units per person | +3.5% |
| 1997 | 0.0122 units per person | +10.3% |
| 1998 | 0.0131 units per person | +7.6% |
| 1999 | 0.0136 units per person | +3.7% |
| 2000 | 0.0146 units per person | +6.9% |
| 2001 | 0.0157 units per person | +7.8% |
| 2002 | 0.0171 units per person | +8.9% |
| 2003 | 0.0187 units per person | +9.5% |
| 2004 | 0.0206 units per person | +9.9% |
| 2005 | 0.0232 units per person | +12.8% |
| 2006 | 0.0264 units per person | +13.9% |
| 2007 | 0.0294 units per person | +11.3% |
| 2008 | 0.0287 units per person | -2.4% |
| 2009 | 0.0245 units per person | -14.6% |
| 2010 | 0.0241 units per person | -1.6% |
| 2011 | 0.0253 units per person | +4.9% |
| 2012 | 0.0275 units per person | +8.6% |
| 2013 | 0.0284 units per person | +3.2% |
| 2014 | 0.0292 units per person | +3.1% |
| 2015 | 0.0306 units per person | +4.6% |
| 2016 | 0.0317 units per person | +3.5% |
| 2017 | 0.033 units per person | +4.3% |
| 2018 | 0.0347 units per person | +5.1% |
| 2019 | 0.0352 units per person | +1.4% |
| 2020 | 0.0342 units per person | -2.8% |
| 2021 | 0.0369 units per person | +7.8% |
| 2022 | 0.0377 units per person | +2.1% |
| 2023 | 0.0387 units per person | +2.6% |
| 2024 | 0.0389 units per person | +0.5% |
| 2025 | 0.0396 units per person | +2.0% |
Latvia compared with similar countries
- Latvia's 0.0396 units per person is below the median for high income countries, which is 0.0493 units per person, 81% of the median. (62 countries reporting)
- Latvia's 0.0396 units per person is below the median for Europe & Central Asia, which is 0.0416 units per person, 95% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 1992 | -31.2% | 0.0154 units per person | 0.0106 units per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.012 units per person | 0.0103 units per person | 0.0154 units per person | 9 |
| 2000s | 0.0219 units per person | 0.0146 units per person | 0.0294 units per person | 10 |
| 2010s | 0.03 units per person | 0.0241 units per person | 0.0352 units per person | 10 |
| 2020s | 0.0377 units per person | 0.0342 units per person | 0.0396 units per person | 6 |
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 in millions constant 2021 international $ in Latvia?
- Gross domestic product, gdp in millions constant 2021 international $ in Latvia was 0.0396 units per person in 2025, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The highest recorded value was 0.0396 units per person in 2025.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The lowest recorded value was 0.0103 units per person in 1993.
- How does Latvia rank for gross domestic product, gdp in millions constant 2021 international $?
- Latvia ranks 49th out of 186 countries with data for 2025.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Latvia?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) ÷ Population, total
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.