Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia
Latvia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0151 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Latvia recorded 0.0151 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 0.5% on the previous year and up 31.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Latvia peaked at 0.0151 million SLC per person in 2024 and was at its lowest, 0.004 million SLC per person, in 1993.
That places Latvia 158th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.007 million SLC per person | — |
| 1992 | 0.0047 million SLC per person | -34.0% |
| 1993 | 0.004 million SLC per person | -13.2% |
| 1994 | 0.0041 million SLC per person | +2.3% |
| 1995 | 0.0042 million SLC per person | +1.6% |
| 1996 | 0.0043 million SLC per person | +3.5% |
| 1997 | 0.0048 million SLC per person | +10.3% |
| 1998 | 0.0052 million SLC per person | +7.6% |
| 1999 | 0.0053 million SLC per person | +3.7% |
| 2000 | 0.0057 million SLC per person | +6.9% |
| 2001 | 0.0062 million SLC per person | +7.8% |
| 2002 | 0.0067 million SLC per person | +8.9% |
| 2003 | 0.0073 million SLC per person | +9.5% |
| 2004 | 0.0081 million SLC per person | +9.9% |
| 2005 | 0.0091 million SLC per person | +12.8% |
| 2006 | 0.0104 million SLC per person | +13.9% |
| 2007 | 0.0115 million SLC per person | +11.3% |
| 2008 | 0.0113 million SLC per person | -2.4% |
| 2009 | 0.0096 million SLC per person | -14.6% |
| 2010 | 0.0095 million SLC per person | -1.6% |
| 2011 | 0.0099 million SLC per person | +4.9% |
| 2012 | 0.0108 million SLC per person | +8.6% |
| 2013 | 0.0111 million SLC per person | +3.2% |
| 2014 | 0.0115 million SLC per person | +3.1% |
| 2015 | 0.012 million SLC per person | +4.6% |
| 2016 | 0.0124 million SLC per person | +3.5% |
| 2017 | 0.013 million SLC per person | +4.3% |
| 2018 | 0.0136 million SLC per person | +5.1% |
| 2019 | 0.0138 million SLC per person | +1.4% |
| 2020 | 0.0134 million SLC per person | -2.8% |
| 2021 | 0.0145 million SLC per person | +7.9% |
| 2022 | 0.0148 million SLC per person | +2.1% |
| 2023 | 0.015 million SLC per person | +1.5% |
| 2024 | 0.0151 million SLC per person | +0.5% |
Latvia compared with similar countries
- Latvia's 0.0151 million SLC per person is below the median for high income countries, which is 0.0532 million SLC per person, 28% of the median. (73 countries reporting)
- Latvia's 0.0151 million SLC per person is below the median for Europe & Central Asia, which is 0.0411 million SLC per person, 37% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 | -34.0% | 0.007 million SLC per person | 0.0047 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0049 million SLC per person | 0.004 million SLC per person | 0.007 million SLC per person | 9 |
| 2000s | 0.0086 million SLC per person | 0.0057 million SLC per person | 0.0115 million SLC per person | 10 |
| 2010s | 0.0118 million SLC per person | 0.0095 million SLC per person | 0.0138 million SLC per person | 10 |
| 2020s | 0.0146 million SLC per person | 0.0134 million SLC per person | 0.0151 million SLC per person | 5 |
Countries ranked near Latvia
- 155 Panama 0.0172 million SLC per person compare
- 156 Croatia 0.016 million SLC per person compare
- 157 Solomon Islands 0.0154 million SLC per person compare
- 159 Georgia 0.0149 million SLC per person compare
- 160 Nauru 0.0141 million SLC per person compare
- 161 Palau 0.0135 million SLC 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 — value standard local currency, 2015 prices in Latvia?
- Gross domestic product — value standard local currency, 2015 prices in Latvia was 0.0151 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Latvia?
- The highest recorded value was 0.0151 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Latvia?
- The lowest recorded value was 0.004 million SLC per person in 1993.
- How does Latvia rank for gross domestic product — value standard local currency, 2015 prices?
- Latvia ranks 158th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 31.4%. 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 — Value Standard Local Currency, 2015 prices, 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 — Value Standard Local Currency, 2015 prices 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 — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.