Gross domestic product (GDP), per unit of GDP in Latvia
Latvia: Gross domestic product (GDP), per unit of GDP was 1.52 international-$ in 2021 prices per US$ of GDP in 2023. ▼ Falling
Gross domestic product (GDP), per unit of GDP in Latvia, 1995–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
In 2023, gross domestic product (gdp), per unit of gdp in Latvia stood at 1.52 international-$ in 2021 prices per US$ of GDP.
That represents a change of down 9.0% on the previous year and down 10.0% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Latvia peaked at 4.66 international-$ in 2021 prices per US$ of GDP in 1995 and was at its lowest, 1.42 international-$ in 2021 prices per US$ of GDP, in 2008.
That places Latvia 128th out of 180 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 29 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 | 4.66 international-$ in 2021 prices per US$ of GDP | — |
| 1996 | 4.52 international-$ in 2021 prices per US$ of GDP | -3.0% |
| 1997 | 4.32 international-$ in 2021 prices per US$ of GDP | -4.4% |
| 1998 | 4.22 international-$ in 2021 prices per US$ of GDP | -2.3% |
| 1999 | 4.22 international-$ in 2021 prices per US$ of GDP | -0.1% |
| 2000 | 4.15 international-$ in 2021 prices per US$ of GDP | -1.6% |
| 2001 | 4.2 international-$ in 2021 prices per US$ of GDP | +1.1% |
| 2002 | 3.89 international-$ in 2021 prices per US$ of GDP | -7.3% |
| 2003 | 3.22 international-$ in 2021 prices per US$ of GDP | -17.3% |
| 2004 | 2.7 international-$ in 2021 prices per US$ of GDP | -16.2% |
| 2005 | 2.49 international-$ in 2021 prices per US$ of GDP | -7.5% |
| 2006 | 2.14 international-$ in 2021 prices per US$ of GDP | -14.2% |
| 2007 | 1.61 international-$ in 2021 prices per US$ of GDP | -25.0% |
| 2008 | 1.42 international-$ in 2021 prices per US$ of GDP | -11.5% |
| 2009 | 1.69 international-$ in 2021 prices per US$ of GDP | +18.8% |
| 2010 | 1.88 international-$ in 2021 prices per US$ of GDP | +11.5% |
| 2011 | 1.77 international-$ in 2021 prices per US$ of GDP | -5.8% |
| 2012 | 1.84 international-$ in 2021 prices per US$ of GDP | +3.9% |
| 2013 | 1.69 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 2014 | 1.69 international-$ in 2021 prices per US$ of GDP | +0.2% |
| 2015 | 2.01 international-$ in 2021 prices per US$ of GDP | +19.0% |
| 2016 | 2 international-$ in 2021 prices per US$ of GDP | -0.7% |
| 2017 | 1.94 international-$ in 2021 prices per US$ of GDP | -2.9% |
| 2018 | 1.75 international-$ in 2021 prices per US$ of GDP | -9.7% |
| 2019 | 1.86 international-$ in 2021 prices per US$ of GDP | +5.9% |
| 2020 | 1.81 international-$ in 2021 prices per US$ of GDP | -2.5% |
| 2021 | 1.65 international-$ in 2021 prices per US$ of GDP | -9.1% |
| 2022 | 1.67 international-$ in 2021 prices per US$ of GDP | +1.4% |
| 2023 | 1.52 international-$ in 2021 prices per US$ of GDP | -9.0% |
Latvia compared with similar countries
- Latvia's 1.52 international-$ in 2021 prices per US$ of GDP is above the median for high income countries, which is 1.23 international-$ in 2021 prices per US$ of GDP, 1.2× the median. (65 countries reporting)
- Latvia's 1.52 international-$ in 2021 prices per US$ of GDP is above the median for Europe & Central Asia, which is 1.5 international-$ in 2021 prices per US$ of GDP, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.39 international-$ in 2021 prices per US$ of GDP | 4.22 international-$ in 2021 prices per US$ of GDP | 4.66 international-$ in 2021 prices per US$ of GDP | 5 |
| 2000s | 2.75 international-$ in 2021 prices per US$ of GDP | 1.42 international-$ in 2021 prices per US$ of GDP | 4.2 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 1.84 international-$ in 2021 prices per US$ of GDP | 1.69 international-$ in 2021 prices per US$ of GDP | 2.01 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 1.66 international-$ in 2021 prices per US$ of GDP | 1.52 international-$ in 2021 prices per US$ of GDP | 1.81 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Latvia
- 125 United Arab Emirates 1.56 international-$ in 2021 prices per US$ of GDP compare
- 126 Chile 1.54 international-$ in 2021 prices per US$ of GDP compare
- 127 Saint Vincent and the Grenadines 1.54 international-$ in 2021 prices per US$ of GDP compare
- 129 Lithuania 1.48 international-$ in 2021 prices per US$ of GDP compare
- 130 Maldives 1.47 international-$ in 2021 prices per US$ of GDP compare
- 131 Costa Rica 1.47 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 1.52 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Latvia?
- The highest recorded value was 4.66 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 1.42 international-$ in 2021 prices per US$ of GDP in 2008.
- How does Latvia rank for gross domestic product (gdp), per unit of gdp?
- Latvia ranks 128th out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 10.0%. 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.
Download this data
CSV · JSON — 29 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 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) Feenstra et al. – Penn World Table (2025) – with major 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.