Gross domestic product (GDP), per unit of GDP in Latvia
Latvia: Gross domestic product (GDP), per unit of GDP was 1.47 international-$ in 2021 prices per US$ of GDP in 2025. ▼ Falling
Gross domestic product (GDP), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
Latvia recorded 1.47 international-$ in 2021 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2025. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 7.6% on the previous year and down 35.8% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Latvia peaked at 4.74 international-$ in 2021 prices per US$ of GDP in 1995 and was at its lowest, 1.47 international-$ in 2021 prices per US$ of GDP, in 2025.
That places Latvia 133rd out of 198 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Gross domestic product (GDP), per unit of GDP in Latvia, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1995 | 4.74 international-$ in 2021 prices per US$ of GDP | — |
| 1996 | 4.69 international-$ in 2021 prices per US$ of GDP | -1.1% |
| 1997 | 4.68 international-$ in 2021 prices per US$ of GDP | -0.3% |
| 1998 | 4.54 international-$ in 2021 prices per US$ of GDP | -3.0% |
| 1999 | 4.45 international-$ in 2021 prices per US$ of GDP | -2.1% |
| 2000 | 4.44 international-$ in 2021 prices per US$ of GDP | -0.1% |
| 2001 | 4.48 international-$ in 2021 prices per US$ of GDP | +0.9% |
| 2002 | 4.27 international-$ in 2021 prices per US$ of GDP | -4.7% |
| 2003 | 3.81 international-$ in 2021 prices per US$ of GDP | -10.8% |
| 2004 | 3.37 international-$ in 2021 prices per US$ of GDP | -11.6% |
| 2005 | 3.19 international-$ in 2021 prices per US$ of GDP | -5.4% |
| 2006 | 2.87 international-$ in 2021 prices per US$ of GDP | -10.0% |
| 2007 | 2.2 international-$ in 2021 prices per US$ of GDP | -23.3% |
| 2008 | 1.83 international-$ in 2021 prices per US$ of GDP | -16.7% |
| 2009 | 2.04 international-$ in 2021 prices per US$ of GDP | +11.6% |
| 2010 | 2.16 international-$ in 2021 prices per US$ of GDP | +5.5% |
| 2011 | 1.96 international-$ in 2021 prices per US$ of GDP | -9.0% |
| 2012 | 2.06 international-$ in 2021 prices per US$ of GDP | +5.2% |
| 2013 | 1.96 international-$ in 2021 prices per US$ of GDP | -5.0% |
| 2014 | 1.93 international-$ in 2021 prices per US$ of GDP | -1.7% |
| 2015 | 2.3 international-$ in 2021 prices per US$ of GDP | +19.3% |
| 2016 | 2.29 international-$ in 2021 prices per US$ of GDP | -0.4% |
| 2017 | 2.18 international-$ in 2021 prices per US$ of GDP | -4.6% |
| 2018 | 2.01 international-$ in 2021 prices per US$ of GDP | -7.8% |
| 2019 | 2.04 international-$ in 2021 prices per US$ of GDP | +1.1% |
| 2020 | 1.95 international-$ in 2021 prices per US$ of GDP | -4.3% |
| 2021 | 1.82 international-$ in 2021 prices per US$ of GDP | -6.5% |
| 2022 | 1.87 international-$ in 2021 prices per US$ of GDP | +2.4% |
| 2023 | 1.64 international-$ in 2021 prices per US$ of GDP | -12.0% |
| 2024 | 1.6 international-$ in 2021 prices per US$ of GDP | -2.8% |
| 2025 | 1.47 international-$ in 2021 prices per US$ of GDP | -7.6% |
Latvia compared with similar countries
- Latvia's 1.47 international-$ in 2021 prices per US$ of GDP is above the median for high income countries, which is 1.24 international-$ in 2021 prices per US$ of GDP, 1.2× the median. (74 countries reporting)
- Latvia's 1.47 international-$ in 2021 prices per US$ of GDP is above the median for Europe & Central Asia, which is 1.42 international-$ in 2021 prices per US$ of GDP, 1.0× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.62 international-$ in 2021 prices per US$ of GDP | 4.45 international-$ in 2021 prices per US$ of GDP | 4.74 international-$ in 2021 prices per US$ of GDP | 5 |
| 2000s | 3.25 international-$ in 2021 prices per US$ of GDP | 1.83 international-$ in 2021 prices per US$ of GDP | 4.48 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 2.09 international-$ in 2021 prices per US$ of GDP | 1.93 international-$ in 2021 prices per US$ of GDP | 2.3 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 1.72 international-$ in 2021 prices per US$ of GDP | 1.47 international-$ in 2021 prices per US$ of GDP | 1.95 international-$ in 2021 prices per US$ of GDP | 6 |
Countries ranked near Latvia
- 130 Kuwait 1.49 international-$ in 2021 prices per US$ of GDP compare
- 131 Lithuania 1.48 international-$ in 2021 prices per US$ of GDP compare
- 132 Papua New Guinea 1.48 international-$ in 2021 prices per US$ of GDP compare
- 134 Slovakia 1.43 international-$ in 2021 prices per US$ of GDP compare
- 135 Costa Rica 1.42 international-$ in 2021 prices per US$ of GDP compare
- 136 Jamaica 1.42 international-$ in 2021 prices per US$ of GDP 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 unit of gdp in Latvia?
- Gross domestic product (gdp), per unit of gdp in Latvia was 1.47 international-$ in 2021 prices per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Latvia?
- The highest recorded value was 4.74 international-$ in 2021 prices per US$ of GDP in 1995.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Latvia?
- The lowest recorded value was 1.47 international-$ in 2021 prices per US$ of GDP in 2025.
- How does Latvia rank for gross domestic product (gdp), per unit of gdp?
- Latvia ranks 133rd out of 198 countries with data for 2025.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.