Gross Domestic Product, GDP in millions constant 2021 … annual in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 … annual 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 … annual 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% |
Latvia compared with similar countries
- Latvia's 2.35 % change on previous year is above the median for high income countries, which is 2.26 % change on previous year, 1.0× the median. (62 countries reporting)
- Latvia's 2.35 % change on previous year is below the median for Europe & Central Asia, which is 2.39 % change on previous year, 99% of the median. (48 countries reporting)
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
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units 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.
Download this data
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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.