Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia
Latvia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.4542 million SLC per square kilometre in 2023. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Latvia is 0.4542 million SLC per square kilometre, measured in 2023. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 26.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Latvia peaked at 0.4542 million SLC per square kilometre in 2023 and was at its lowest, 0.1664 million SLC per square kilometre, in 1993.
That places Latvia 170th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Latvia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0.1955 million SLC per square kilometre | — |
| 1993 | 0.1664 million SLC per square kilometre | -14.9% |
| 1994 | 0.1675 million SLC per square kilometre | +0.6% |
| 1995 | 0.1678 million SLC per square kilometre | +0.2% |
| 1996 | 0.1716 million SLC per square kilometre | +2.3% |
| 1997 | 0.1874 million SLC per square kilometre | +9.2% |
| 1998 | 0.1997 million SLC per square kilometre | +6.6% |
| 1999 | 0.2053 million SLC per square kilometre | +2.8% |
| 2000 | 0.2173 million SLC per square kilometre | +5.8% |
| 2001 | 0.2313 million SLC per square kilometre | +6.5% |
| 2002 | 0.2491 million SLC per square kilometre | +7.7% |
| 2003 | 0.27 million SLC per square kilometre | +8.4% |
| 2004 | 0.2936 million SLC per square kilometre | +8.7% |
| 2005 | 0.3277 million SLC per square kilometre | +11.6% |
| 2006 | 0.3697 million SLC per square kilometre | +12.8% |
| 2007 | 0.4083 million SLC per square kilometre | +10.4% |
| 2008 | 0.3944 million SLC per square kilometre | -3.4% |
| 2009 | 0.3311 million SLC per square kilometre | -16.0% |
| 2010 | 0.319 million SLC per square kilometre | -3.7% |
| 2011 | 0.3287 million SLC per square kilometre | +3.0% |
| 2012 | 0.3527 million SLC per square kilometre | +7.3% |
| 2013 | 0.3601 million SLC per square kilometre | +2.1% |
| 2014 | 0.3677 million SLC per square kilometre | +2.1% |
| 2015 | 0.3816 million SLC per square kilometre | +3.8% |
| 2016 | 0.3913 million SLC per square kilometre | +2.6% |
| 2017 | 0.4046 million SLC per square kilometre | +3.4% |
| 2018 | 0.422 million SLC per square kilometre | +4.3% |
| 2019 | 0.4249 million SLC per square kilometre | +0.7% |
| 2020 | 0.4101 million SLC per square kilometre | -3.5% |
| 2021 | 0.4386 million SLC per square kilometre | +6.9% |
| 2022 | 0.4466 million SLC per square kilometre | +1.8% |
| 2023 | 0.4542 million SLC per square kilometre | +1.7% |
Latvia compared with similar countries
- Latvia's 0.4542 million SLC per square kilometre is below the median for high income countries, which is 9.64 million SLC per square kilometre, 5% of the median. (73 countries reporting)
- Latvia's 0.4542 million SLC per square kilometre is below the median for Europe & Central Asia, which is 4.95 million SLC per square kilometre, 9% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1826 million SLC per square kilometre | 0.1664 million SLC per square kilometre | 0.2053 million SLC per square kilometre | 8 |
| 2000s | 0.3093 million SLC per square kilometre | 0.2173 million SLC per square kilometre | 0.4083 million SLC per square kilometre | 10 |
| 2010s | 0.3753 million SLC per square kilometre | 0.319 million SLC per square kilometre | 0.4249 million SLC per square kilometre | 10 |
| 2020s | 0.4374 million SLC per square kilometre | 0.4101 million SLC per square kilometre | 0.4542 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 167 Peru 0.5517 million SLC per square kilometre compare
- 168 Palau 0.4857 million SLC per square kilometre compare
- 169 Belarus 0.4675 million SLC per square kilometre compare
- 171 Ecuador 0.4516 million SLC per square kilometre compare
- 172 Solomon Islands 0.44 million SLC per square kilometre compare
- 173 Kiribati 0.4288 million SLC per square kilometre 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 0.4542 million SLC per square kilometre in 2023, 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 0.4542 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Latvia?
- The lowest recorded value was 0.1664 million SLC per square kilometre in 1993.
- How does Latvia rank for gross domestic product — value standard local currency, 2015 prices?
- Latvia ranks 170th out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 26.1%. 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 — Value Standard Local Currency, 2015 prices, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.