Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.35 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded 2.35 % change on previous year for gross domestic product, gdp in millions constant 2021 international $ in 2027.
The figure is up 8.8% on the previous year and down 30.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latvia peaked at 12.83 % change on previous year in 2006 and was at its lowest, -32.12 % change on previous year, in 1992.
That places Latvia 129th out of 189 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | -32.12 % change on previous year | — |
| 1993 | -4.98 % change on previous year | -84.5% |
| 1994 | 2.19 % change on previous year | -143.9% |
| 1995 | -0.9448 % change on previous year | -143.1% |
| 1996 | 2.3 % change on previous year | -343.4% |
| 1997 | 9.17 % change on previous year | +298.8% |
| 1998 | 6.55 % change on previous year | -28.6% |
| 1999 | 2.82 % change on previous year | -57.0% |
| 2000 | 5.84 % change on previous year | +107.2% |
| 2001 | 6.46 % change on previous year | +10.6% |
| 2002 | 7.67 % change on previous year | +18.6% |
| 2003 | 8.43 % change on previous year | +10.0% |
| 2004 | 8.72 % change on previous year | +3.5% |
| 2005 | 11.62 % change on previous year | +33.1% |
| 2006 | 12.83 % change on previous year | +10.4% |
| 2007 | 10.41 % change on previous year | -18.8% |
| 2008 | -3.39 % change on previous year | -132.5% |
| 2009 | -16.04 % change on previous year | +373.3% |
| 2010 | -3.66 % change on previous year | -77.2% |
| 2011 | 3.04 % change on previous year | -182.9% |
| 2012 | 7.31 % change on previous year | +140.6% |
| 2013 | 2.1 % change on previous year | -71.3% |
| 2014 | 2.09 % change on previous year | -0.0% |
| 2015 | 3.78 % change on previous year | +80.6% |
| 2016 | 2.55 % change on previous year | -32.6% |
| 2017 | 3.4 % change on previous year | +33.2% |
| 2018 | 4.31 % change on previous year | +26.8% |
| 2019 | 0.6753 % change on previous year | -84.3% |
| 2020 | -3.47 % change on previous year | -613.7% |
| 2021 | 6.94 % change on previous year | -300.1% |
| 2022 | 1.81 % change on previous year | -74.0% |
| 2023 | 2.85 % change on previous year | +57.9% |
| 2024 | -0.4421 % change on previous year | -115.5% |
| 2025 | 1.03 % change on previous year | -332.6% |
| 2026 | 2.16 % change on previous year | +110.5% |
| 2027 | 2.35 % change on previous year | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.88 % change on previous year | -32.12 % change on previous year | 9.17 % change on previous year | 8 |
| 2000s | 5.25 % change on previous year | -16.04 % change on previous year | 12.83 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | -3.66 % change on previous year | 7.31 % change on previous year | 10 |
| 2020s | 1.65 % change on previous year | -3.47 % change on previous year | 6.94 % change on previous year | 8 |
Countries ranked near Latvia
- 126 Iceland 2.42 % change on previous year compare
- 127 Ecuador 2.4 % change on previous year compare
- 128 New Zealand 2.4 % change on previous year compare
- 130 Uruguay 2.33 % change on previous year compare
- 131 Turkmenistan 2.33 % change on previous year compare
- 132 Kuwait 2.31 % change on previous year 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 2.35 % change on previous year in 2027, 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 12.83 % change on previous year in 2006.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The lowest recorded value was -32.12 % change on previous year in 1992.
- How does Latvia rank for gross domestic product, gdp in millions constant 2021 international $?
- Latvia ranks 129th out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Latvia?
- Over the last ten years it is down 30.7%. The long-run trend across the full record is volatile.
- 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), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
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
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.