Gross domestic product (GDP), per capita in Latvia
Latvia: Gross domestic product (GDP), per capita was 38,801 international-$ in 2021 prices per person in 2025. ▲ Rising
Latest (2025)
38,801 international-$ in 2021 prices per person
Change on year
up 3.2%
World rank
57th
of 198 countries
All-time high
38,801 international-$ in 2021 prices per person
in 2025
All-time low
10,255 international-$ in 2021 prices per person
in 1993
Years of data
36
1990–2025
Gross domestic product (GDP), per capita in Latvia, 1990–2025
Source: Statizoid (derived). Measured in international-$ in 2021 prices per person.
Analysis
Latvia recorded 38,801 international-$ in 2021 prices per person for gross domestic product (gdp), per capita in 2025. That is the highest value across all 36 years on record.
The figure is up 3.2% on the previous year and up 26.8% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Latvia peaked at 38,801 international-$ in 2021 prices per person in 2025 and was at its lowest, 10,255 international-$ in 2021 prices per person, in 1993.
Latvia ranks 57th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Gross domestic product (GDP), per capita in Latvia, year by year
| Year | international-$ in 2021 prices per person | Change |
|---|---|---|
| 1990 | 17,509 international-$ in 2021 prices per person | — |
| 1991 | 15,376 international-$ in 2021 prices per person | -12.2% |
| 1992 | 10,582 international-$ in 2021 prices per person | -31.2% |
| 1993 | 10,255 international-$ in 2021 prices per person | -3.1% |
| 1994 | 10,657 international-$ in 2021 prices per person | +3.9% |
| 1995 | 10,708 international-$ in 2021 prices per person | +0.5% |
| 1996 | 11,078 international-$ in 2021 prices per person | +3.5% |
| 1997 | 12,215 international-$ in 2021 prices per person | +10.3% |
| 1998 | 13,138 international-$ in 2021 prices per person | +7.6% |
| 1999 | 13,619 international-$ in 2021 prices per person | +3.7% |
| 2000 | 14,554 international-$ in 2021 prices per person | +6.9% |
| 2001 | 15,696 international-$ in 2021 prices per person | +7.8% |
| 2002 | 17,097 international-$ in 2021 prices per person | +8.9% |
| 2003 | 18,718 international-$ in 2021 prices per person | +9.5% |
| 2004 | 20,574 international-$ in 2021 prices per person | +9.9% |
| 2005 | 23,213 international-$ in 2021 prices per person | +12.8% |
| 2006 | 26,432 international-$ in 2021 prices per person | +13.9% |
| 2007 | 29,424 international-$ in 2021 prices per person | +11.3% |
| 2008 | 28,727 international-$ in 2021 prices per person | -2.4% |
| 2009 | 24,521 international-$ in 2021 prices per person | -14.6% |
| 2010 | 24,120 international-$ in 2021 prices per person | -1.6% |
| 2011 | 25,309 international-$ in 2021 prices per person | +4.9% |
| 2012 | 27,496 international-$ in 2021 prices per person | +8.6% |
| 2013 | 28,375 international-$ in 2021 prices per person | +3.2% |
| 2014 | 29,244 international-$ in 2021 prices per person | +3.1% |
| 2015 | 30,600 international-$ in 2021 prices per person | +4.6% |
| 2016 | 31,668 international-$ in 2021 prices per person | +3.5% |
| 2017 | 33,036 international-$ in 2021 prices per person | +4.3% |
| 2018 | 34,730 international-$ in 2021 prices per person | +5.1% |
| 2019 | 35,208 international-$ in 2021 prices per person | +1.4% |
| 2020 | 34,226 international-$ in 2021 prices per person | -2.8% |
| 2021 | 36,912 international-$ in 2021 prices per person | +7.8% |
| 2022 | 37,719 international-$ in 2021 prices per person | +2.2% |
| 2023 | 37,278 international-$ in 2021 prices per person | -1.2% |
| 2024 | 37,615 international-$ in 2021 prices per person | +0.9% |
| 2025 | 38,801 international-$ in 2021 prices per person | +3.2% |
Latvia compared with similar countries
- Latvia's 38,801 international-$ in 2021 prices per person is below the median for high income countries, which is 49,192 international-$ in 2021 prices per person, 79% of the median. (74 countries reporting)
- Latvia's 38,801 international-$ in 2021 prices per person is below the median for Europe & Central Asia, which is 42,830 international-$ in 2021 prices per person, 91% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,514 international-$ in 2021 prices per person | 10,255 international-$ in 2021 prices per person | 17,509 international-$ in 2021 prices per person | 10 |
| 2000s | 21,896 international-$ in 2021 prices per person | 14,554 international-$ in 2021 prices per person | 29,424 international-$ in 2021 prices per person | 10 |
| 2010s | 29,979 international-$ in 2021 prices per person | 24,120 international-$ in 2021 prices per person | 35,208 international-$ in 2021 prices per person | 10 |
| 2020s | 37,092 international-$ in 2021 prices per person | 34,226 international-$ in 2021 prices per person | 38,801 international-$ in 2021 prices per person | 6 |
Countries ranked near Latvia
- 54 Romania 40,846 international-$ in 2021 prices per person compare
- 55 Slovakia 40,690 international-$ in 2021 prices per person compare
- 56 Cyprus 38,943 international-$ in 2021 prices per person compare
- 58 Greece 38,219 international-$ in 2021 prices per person compare
- 59 Kazakhstan 37,850 international-$ in 2021 prices per person compare
- 60 Panama 37,516 international-$ in 2021 prices per person 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), per capita in Latvia?
- Gross domestic product (gdp), per capita in Latvia was 38,801 international-$ in 2021 prices per person in 2025, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Latvia?
- The highest recorded value was 38,801 international-$ in 2021 prices per person in 2025.
- What is the lowest gross domestic product (gdp), per capita recorded in Latvia?
- The lowest recorded value was 10,255 international-$ in 2021 prices per person in 1993.
- How does Latvia rank for gross domestic product (gdp), per capita?
- Latvia ranks 57th out of 198 countries with data for 2025.
- Is gross domestic product (gdp), per capita rising or falling in Latvia?
- Over the last ten years it is up 26.8%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ Population, total
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
- Population, total World Population Prospects, United Nations (UN)
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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.