Gross domestic product (GDP), per capita in Latvia
Latvia: Gross domestic product (GDP), per capita was 34,516 international-$ in 2021 prices per person in 2023. ▲ Rising
Gross domestic product (GDP), per capita in Latvia, 1990–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per person.
Analysis
The most recent figure for gross domestic product (gdp), per capita in Latvia is 34,516 international-$ in 2021 prices per person, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 2.2% on the previous year and up 41.1% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Latvia peaked at 34,516 international-$ in 2021 prices per person in 2023 and was at its lowest, 10,507 international-$ in 2021 prices per person, in 1995.
Latvia ranks 53rd of 181 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross domestic product (GDP), per capita in Latvia, year by year
| Year | international-$ in 2021 prices per person | Change |
|---|---|---|
| 1990 | 18,301 international-$ in 2021 prices per person | — |
| 1991 | 16,465 international-$ in 2021 prices per person | -10.0% |
| 1992 | 11,669 international-$ in 2021 prices per person | -29.1% |
| 1993 | 10,560 international-$ in 2021 prices per person | -9.5% |
| 1994 | 10,650 international-$ in 2021 prices per person | +0.9% |
| 1995 | 10,507 international-$ in 2021 prices per person | -1.3% |
| 1996 | 10,661 international-$ in 2021 prices per person | +1.5% |
| 1997 | 11,275 international-$ in 2021 prices per person | +5.8% |
| 1998 | 12,218 international-$ in 2021 prices per person | +8.4% |
| 1999 | 12,920 international-$ in 2021 prices per person | +5.7% |
| 2000 | 13,603 international-$ in 2021 prices per person | +5.3% |
| 2001 | 14,704 international-$ in 2021 prices per person | +8.1% |
| 2002 | 15,577 international-$ in 2021 prices per person | +5.9% |
| 2003 | 15,814 international-$ in 2021 prices per person | +1.5% |
| 2004 | 16,476 international-$ in 2021 prices per person | +4.2% |
| 2005 | 18,170 international-$ in 2021 prices per person | +10.3% |
| 2006 | 19,709 international-$ in 2021 prices per person | +8.5% |
| 2007 | 21,465 international-$ in 2021 prices per person | +8.9% |
| 2008 | 22,267 international-$ in 2021 prices per person | +3.7% |
| 2009 | 20,249 international-$ in 2021 prices per person | -9.1% |
| 2010 | 21,051 international-$ in 2021 prices per person | +4.0% |
| 2011 | 22,864 international-$ in 2021 prices per person | +8.6% |
| 2012 | 24,546 international-$ in 2021 prices per person | +7.4% |
| 2013 | 24,457 international-$ in 2021 prices per person | -0.4% |
| 2014 | 25,688 international-$ in 2021 prices per person | +5.0% |
| 2015 | 26,813 international-$ in 2021 prices per person | +4.4% |
| 2016 | 27,668 international-$ in 2021 prices per person | +3.2% |
| 2017 | 29,384 international-$ in 2021 prices per person | +6.2% |
| 2018 | 30,254 international-$ in 2021 prices per person | +3.0% |
| 2019 | 32,122 international-$ in 2021 prices per person | +6.2% |
| 2020 | 31,818 international-$ in 2021 prices per person | -0.9% |
| 2021 | 33,379 international-$ in 2021 prices per person | +4.9% |
| 2022 | 33,781 international-$ in 2021 prices per person | +1.2% |
| 2023 | 34,516 international-$ in 2021 prices per person | +2.2% |
Latvia compared with similar countries
- Latvia's 34,516 international-$ in 2021 prices per person is below the median for high income countries, which is 45,244 international-$ in 2021 prices per person, 76% of the median. (66 countries reporting)
- Latvia's 34,516 international-$ in 2021 prices per person is below the median for Europe & Central Asia, which is 36,356 international-$ in 2021 prices per person, 95% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per capita 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 | -29.1% | 16,465 international-$ in 2021 prices per person | 11,669 international-$ in 2021 prices per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,522 international-$ in 2021 prices per person | 10,507 international-$ in 2021 prices per person | 18,301 international-$ in 2021 prices per person | 10 |
| 2000s | 17,803 international-$ in 2021 prices per person | 13,603 international-$ in 2021 prices per person | 22,267 international-$ in 2021 prices per person | 10 |
| 2010s | 26,485 international-$ in 2021 prices per person | 21,051 international-$ in 2021 prices per person | 32,122 international-$ in 2021 prices per person | 10 |
| 2020s | 33,374 international-$ in 2021 prices per person | 31,818 international-$ in 2021 prices per person | 34,516 international-$ in 2021 prices per person | 4 |
Countries ranked near Latvia
- 50 Portugal 36,122 international-$ in 2021 prices per person compare
- 51 Hungary 35,435 international-$ in 2021 prices per person compare
- 52 Romania 34,709 international-$ in 2021 prices per person compare
- 54 Bahamas 34,393 international-$ in 2021 prices per person compare
- 55 Kazakhstan 34,292 international-$ in 2021 prices per person compare
- 56 Greece 33,779 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 34,516 international-$ in 2021 prices per person in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Latvia?
- The highest recorded value was 34,516 international-$ in 2021 prices per person in 2023.
- What is the lowest gross domestic product (gdp), per capita recorded in Latvia?
- The lowest recorded value was 10,507 international-$ in 2021 prices per person in 1995.
- How does Latvia rank for gross domestic product (gdp), per capita?
- Latvia ranks 53rd out of 181 countries with data for 2023.
- Is gross domestic product (gdp), per capita rising or falling in Latvia?
- Over the last ten years it is up 41.1%. 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 — 34 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) Feenstra et al. – Penn World Table (2025) – 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.