Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 international $ was 1.17 units per square kilometre in 2023. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, 1992–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
In 2023, gross domestic product, gdp in millions constant 2021 international $ in Latvia stood at 1.17 units per square kilometre. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 2.9% on the previous year and up 27.5% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latvia peaked at 1.17 units per square kilometre in 2023 and was at its lowest, 0.4224 units per square kilometre, in 1993.
Latvia ranks 93rd of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1992 | 0.4446 units per square kilometre | — |
| 1993 | 0.4224 units per square kilometre | -5.0% |
| 1994 | 0.4317 units per square kilometre | +2.2% |
| 1995 | 0.4276 units per square kilometre | -0.9% |
| 1996 | 0.4374 units per square kilometre | +2.3% |
| 1997 | 0.4776 units per square kilometre | +9.2% |
| 1998 | 0.5088 units per square kilometre | +6.5% |
| 1999 | 0.5232 units per square kilometre | +2.8% |
| 2000 | 0.5537 units per square kilometre | +5.8% |
| 2001 | 0.5895 units per square kilometre | +6.5% |
| 2002 | 0.6347 units per square kilometre | +7.7% |
| 2003 | 0.6882 units per square kilometre | +8.4% |
| 2004 | 0.7483 units per square kilometre | +8.7% |
| 2005 | 0.8352 units per square kilometre | +11.6% |
| 2006 | 0.9423 units per square kilometre | +12.8% |
| 2007 | 1.04 units per square kilometre | +10.4% |
| 2008 | 1.01 units per square kilometre | -3.4% |
| 2009 | 0.8439 units per square kilometre | -16.0% |
| 2010 | 0.813 units per square kilometre | -3.7% |
| 2011 | 0.8377 units per square kilometre | +3.0% |
| 2012 | 0.8989 units per square kilometre | +7.3% |
| 2013 | 0.9178 units per square kilometre | +2.1% |
| 2014 | 0.937 units per square kilometre | +2.1% |
| 2015 | 0.9724 units per square kilometre | +3.8% |
| 2016 | 0.9972 units per square kilometre | +2.6% |
| 2017 | 1.03 units per square kilometre | +3.4% |
| 2018 | 1.08 units per square kilometre | +4.3% |
| 2019 | 1.08 units per square kilometre | +0.7% |
| 2020 | 1.05 units per square kilometre | -3.5% |
| 2021 | 1.12 units per square kilometre | +6.9% |
| 2022 | 1.14 units per square kilometre | +1.8% |
| 2023 | 1.17 units per square kilometre | +2.9% |
Latvia compared with similar countries
- Latvia's 1.17 units per square kilometre is below the median for high income countries, which is 5.14 units per square kilometre, 23% of the median. (62 countries reporting)
- Latvia's 1.17 units per square kilometre is below the median for Europe & Central Asia, which is 2.37 units per square kilometre, 49% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4592 units per square kilometre | 0.4224 units per square kilometre | 0.5232 units per square kilometre | 8 |
| 2000s | 0.7881 units per square kilometre | 0.5537 units per square kilometre | 1.04 units per square kilometre | 10 |
| 2010s | 0.9564 units per square kilometre | 0.813 units per square kilometre | 1.08 units per square kilometre | 10 |
| 2020s | 1.12 units per square kilometre | 1.05 units per square kilometre | 1.17 units per square kilometre | 4 |
Countries ranked near Latvia
- 90 Georgia 1.21 units per square kilometre compare
- 91 Cape Verde 1.2 units per square kilometre compare
- 92 Moldova 1.19 units per square kilometre compare
- 94 Ecuador 1.04 units per square kilometre compare
- 95 Finland 1.03 units per square kilometre compare
- 96 Equatorial Guinea 1.03 units per square kilometre compare
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 1.17 units per square kilometre in 2023, 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 1.17 units per square kilometre in 2023.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The lowest recorded value was 0.4224 units per square kilometre in 1993.
- How does Latvia rank for gross domestic product, gdp in millions constant 2021 international $?
- Latvia ranks 93rd out of 186 countries with data for 2023.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Latvia?
- Over the last ten years it is up 27.5%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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 Land area (sq. km), 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) ÷ Land area (sq. km)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.