Gross domestic product (GDP), per capita (Bolt) in Latvia
Latvia: Gross domestic product (GDP), per capita (Bolt) was 27,269 international-$ in 2011 prices per person in 2022. ▲ Rising
Gross domestic product (GDP), per capita in Latvia, 1973–2022
Source: Statizoid (derived). Measured in international-$ in 2011 prices per person.
Analysis
In 2022, gross domestic product (gdp), per capita in Latvia stood at 27,269 international-$ in 2011 prices per person. That is the highest value across all 44 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 36.8% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Latvia peaked at 27,269 international-$ in 2011 prices per person in 2022 and was at its lowest, 8,431 international-$ in 2011 prices per person, in 1993.
Latvia ranks 44th of 164 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Gross domestic product (GDP), per capita (Bolt) in Latvia, year by year
| Year | international-$ in 2011 prices per person | Change |
|---|---|---|
| 1973 | 12,535 international-$ in 2011 prices per person | — |
| 1980 | 13,809 international-$ in 2011 prices per person | +10.2% |
| 1981 | 14,067 international-$ in 2011 prices per person | +1.9% |
| 1982 | 14,309 international-$ in 2011 prices per person | +1.7% |
| 1983 | 14,510 international-$ in 2011 prices per person | +1.4% |
| 1984 | 14,831 international-$ in 2011 prices per person | +2.2% |
| 1985 | 14,425 international-$ in 2011 prices per person | -2.7% |
| 1986 | 14,689 international-$ in 2011 prices per person | +1.8% |
| 1987 | 14,482 international-$ in 2011 prices per person | -1.4% |
| 1988 | 14,935 international-$ in 2011 prices per person | +3.1% |
| 1989 | 15,663 international-$ in 2011 prices per person | +4.9% |
| 1990 | 15,809 international-$ in 2011 prices per person | +0.9% |
| 1991 | 13,777 international-$ in 2011 prices per person | -12.8% |
| 1992 | 9,408 international-$ in 2011 prices per person | -31.7% |
| 1993 | 8,431 international-$ in 2011 prices per person | -10.4% |
| 1994 | 8,691 international-$ in 2011 prices per person | +3.1% |
| 1995 | 8,693 international-$ in 2011 prices per person | +0.0% |
| 1996 | 8,931 international-$ in 2011 prices per person | +2.7% |
| 1997 | 9,755 international-$ in 2011 prices per person | +9.2% |
| 1998 | 10,410 international-$ in 2011 prices per person | +6.7% |
| 1999 | 10,688 international-$ in 2011 prices per person | +2.7% |
| 2000 | 11,289 international-$ in 2011 prices per person | +5.6% |
| 2001 | 12,084 international-$ in 2011 prices per person | +7.0% |
| 2002 | 12,992 international-$ in 2011 prices per person | +7.5% |
| 2003 | 14,117 international-$ in 2011 prices per person | +8.7% |
| 2004 | 15,342 international-$ in 2011 prices per person | +8.7% |
| 2005 | 17,038 international-$ in 2011 prices per person | +11.1% |
| 2006 | 19,096 international-$ in 2011 prices per person | +12.1% |
| 2007 | 21,010 international-$ in 2011 prices per person | +10.0% |
| 2008 | 20,308 international-$ in 2011 prices per person | -3.3% |
| 2009 | 17,552 international-$ in 2011 prices per person | -13.6% |
| 2010 | 17,106 international-$ in 2011 prices per person | -2.5% |
| 2011 | 18,386 international-$ in 2011 prices per person | +7.5% |
| 2012 | 19,926 international-$ in 2011 prices per person | +8.4% |
| 2013 | 20,545 international-$ in 2011 prices per person | +3.1% |
| 2014 | 21,134 international-$ in 2011 prices per person | +2.9% |
| 2015 | 22,136 international-$ in 2011 prices per person | +4.7% |
| 2016 | 22,868 international-$ in 2011 prices per person | +3.3% |
| 2017 | 23,836 international-$ in 2011 prices per person | +4.2% |
| 2018 | 24,981 international-$ in 2011 prices per person | +4.8% |
| 2019 | 25,802 international-$ in 2011 prices per person | +3.3% |
| 2020 | 25,411 international-$ in 2011 prices per person | -1.5% |
| 2021 | 26,668 international-$ in 2011 prices per person | +4.9% |
| 2022 | 27,269 international-$ in 2011 prices per person | +2.3% |
Latvia compared with similar countries
- Latvia's 27,269 international-$ in 2011 prices per person is below the median for high income countries, which is 37,494 international-$ in 2011 prices per person, 73% of the median. (55 countries reporting)
- Latvia's 27,269 international-$ in 2011 prices per person is below the median for Europe & Central Asia, which is 27,879 international-$ in 2011 prices per person, 98% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per capita (Bolt) 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 | -31.7% | 13,777 international-$ in 2011 prices per person | 9,408 international-$ in 2011 prices per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,535 international-$ in 2011 prices per person | 12,535 international-$ in 2011 prices per person | 12,535 international-$ in 2011 prices per person | 1 |
| 1980s | 14,572 international-$ in 2011 prices per person | 13,809 international-$ in 2011 prices per person | 15,663 international-$ in 2011 prices per person | 10 |
| 1990s | 10,459 international-$ in 2011 prices per person | 8,431 international-$ in 2011 prices per person | 15,809 international-$ in 2011 prices per person | 10 |
| 2000s | 16,083 international-$ in 2011 prices per person | 11,289 international-$ in 2011 prices per person | 21,010 international-$ in 2011 prices per person | 10 |
| 2010s | 21,672 international-$ in 2011 prices per person | 17,106 international-$ in 2011 prices per person | 25,802 international-$ in 2011 prices per person | 10 |
| 2020s | 26,449 international-$ in 2011 prices per person | 25,411 international-$ in 2011 prices per person | 27,269 international-$ in 2011 prices per person | 3 |
Countries ranked near Latvia
- 41 Turkey 28,077 international-$ in 2011 prices per person compare
- 42 Slovakia 27,682 international-$ in 2011 prices per person compare
- 43 Trinidad and Tobago 27,466 international-$ in 2011 prices per person compare
- 45 Croatia 26,529 international-$ in 2011 prices per person compare
- 46 Romania 26,498 international-$ in 2011 prices per person compare
- 47 Russia 25,870 international-$ in 2011 prices per person compare
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per capita in Latvia?
- Gross domestic product (gdp), per capita in Latvia was 27,269 international-$ in 2011 prices per person in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Latvia?
- The highest recorded value was 27,269 international-$ in 2011 prices per person in 2022.
- What is the lowest gross domestic product (gdp), per capita recorded in Latvia?
- The lowest recorded value was 8,431 international-$ in 2011 prices per person in 1993.
- How does Latvia rank for gross domestic product (gdp), per capita?
- Latvia ranks 44th out of 164 countries with data for 2022.
- Is gross domestic product (gdp), per capita rising or falling in Latvia?
- Over the last ten years it is up 36.8%. 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 — 44 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) Bolt and van Zanden – Maddison Project Database 2023 – with major 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.