Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia
Latvia: Gross Domestic Product, GDP in millions constant 2021 international $ was 76,610 in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in Latvia stood at 76,610. That is the highest value across all 37 years on record.
That represents a change of up 2.4% on the previous year and up 19.4% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latvia peaked at 76,610 in 2027 and was at its lowest, 26,287, in 1993.
That places Latvia 114th out of 188 countries with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 40,756 | — |
| 1992 | 27,666 | -32.1% |
| 1993 | 26,287 | -5.0% |
| 1994 | 26,863 | +2.2% |
| 1995 | 26,609 | -0.9% |
| 1996 | 27,221 | +2.3% |
| 1997 | 29,717 | +9.2% |
| 1998 | 31,664 | +6.6% |
| 1999 | 32,556 | +2.8% |
| 2000 | 34,458 | +5.8% |
| 2001 | 36,684 | +6.5% |
| 2002 | 39,496 | +7.7% |
| 2003 | 42,825 | +8.4% |
| 2004 | 46,562 | +8.7% |
| 2005 | 51,970 | +11.6% |
| 2006 | 58,635 | +12.8% |
| 2007 | 64,742 | +10.4% |
| 2008 | 62,548 | -3.4% |
| 2009 | 52,515 | -16.0% |
| 2010 | 50,592 | -3.7% |
| 2011 | 52,129 | +3.0% |
| 2012 | 55,937 | +7.3% |
| 2013 | 57,109 | +2.1% |
| 2014 | 58,306 | +2.1% |
| 2015 | 60,512 | +3.8% |
| 2016 | 62,056 | +2.6% |
| 2017 | 64,165 | +3.4% |
| 2018 | 66,930 | +4.3% |
| 2019 | 67,382 | +0.7% |
| 2020 | 65,045 | -3.5% |
| 2021 | 69,561 | +6.9% |
| 2022 | 70,818 | +1.8% |
| 2023 | 72,839 | +2.9% |
| 2024 | 72,517 | -0.4% |
| 2025 | 73,262 | +1.0% |
| 2026 | 74,848 | +2.2% |
| 2027 | 76,610 | +2.4% |
Latvia compared with similar countries
- Latvia's 76,610 is below the median for high income countries, which is 390,765, 20% of the median. (62 countries reporting)
- Latvia's 76,610 is below the median for Europe & Central Asia, which is 367,047, 21% 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 | -32.1% | 40,756 | 27,666 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29,926 | 26,287 | 40,756 | 9 |
| 2000s | 49,043 | 34,458 | 64,742 | 10 |
| 2010s | 59,512 | 50,592 | 67,382 | 10 |
| 2020s | 71,937 | 65,045 | 76,610 | 8 |
Countries ranked near Latvia
- 111 El Salvador 80,038 compare
- 112 Honduras 79,354 compare
- 113 Guinea 78,762 compare
- 115 Lao People's Democratic Republic 71,386 compare
- 116 Armenia 70,674 compare
- 117 Bosnia and Herzegovina 70,360 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 76,610 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The highest recorded value was 76,610 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latvia?
- The lowest recorded value was 26,287 in 1993.
- How does Latvia rank for gross domestic product, gdp in millions constant 2021 international $?
- Latvia ranks 114th out of 188 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 up 19.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.