Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 international $ was 0 units per US$ of GDP in 2025. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, 1995–2025
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
In 2025, gross domestic product, gdp in millions constant 2021 international $ in Latvia stood at 0 units per US$ of GDP. That is the lowest value across all 31 years on record.
The figure is down 8.6% on the previous year and down 34.4% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latvia peaked at 0 units per US$ of GDP in 1995 and was at its lowest, 0 units per US$ of GDP, in 2025.
Latvia ranks 133rd of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 1995 | 0 units per US$ of GDP | — |
| 1996 | 0 units per US$ of GDP | -1.1% |
| 1997 | 0 units per US$ of GDP | -0.3% |
| 1998 | 0 units per US$ of GDP | -3.0% |
| 1999 | 0 units per US$ of GDP | -2.1% |
| 2000 | 0 units per US$ of GDP | -0.1% |
| 2001 | 0 units per US$ of GDP | +0.9% |
| 2002 | 0 units per US$ of GDP | -4.7% |
| 2003 | 0 units per US$ of GDP | -10.8% |
| 2004 | 0 units per US$ of GDP | -11.6% |
| 2005 | 0 units per US$ of GDP | -5.4% |
| 2006 | 0 units per US$ of GDP | -10.0% |
| 2007 | 0 units per US$ of GDP | -23.3% |
| 2008 | 0 units per US$ of GDP | -16.7% |
| 2009 | 0 units per US$ of GDP | +11.6% |
| 2010 | 0 units per US$ of GDP | +5.5% |
| 2011 | 0 units per US$ of GDP | -9.0% |
| 2012 | 0 units per US$ of GDP | +5.2% |
| 2013 | 0 units per US$ of GDP | -5.0% |
| 2014 | 0 units per US$ of GDP | -1.7% |
| 2015 | 0 units per US$ of GDP | +19.3% |
| 2016 | 0 units per US$ of GDP | -0.4% |
| 2017 | 0 units per US$ of GDP | -4.6% |
| 2018 | 0 units per US$ of GDP | -7.8% |
| 2019 | 0 units per US$ of GDP | +1.1% |
| 2020 | 0 units per US$ of GDP | -4.3% |
| 2021 | 0 units per US$ of GDP | -6.5% |
| 2022 | 0 units per US$ of GDP | +2.3% |
| 2023 | 0 units per US$ of GDP | -8.6% |
| 2024 | 0 units per US$ of GDP | -3.2% |
| 2025 | 0 units per US$ of GDP | -8.6% |
Latvia compared with similar countries
- Latvia's 0 units per US$ of GDP is above the median for high income countries, which is 0 units per US$ of GDP, 1.1× the median. (62 countries reporting)
- Latvia's 0 units per US$ of GDP is above the median for Europe & Central Asia, which is 0 units per US$ of GDP, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 5 |
| 2000s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2010s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2020s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 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 units per US$ of GDP 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 units per US$ of GDP in 1995.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The lowest recorded value was 0 units per US$ of GDP in 2025.
- How does Latvia rank for gross domestic product, gdp in millions constant 2021 international $?
- Latvia ranks 133rd out of 185 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 down 34.4%. The long-run trend across the full record is falling.
- 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 unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by GDP (current US$), 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) ÷ GDP (current US$)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.