Gross Domestic Product — Value Standard Local Currency, per capita in Latvia
Latvia: Gross Domestic Product — Value Standard Local Currency, per capita was 0.0214 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per capita in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Latvia recorded 0.0214 million SLC per person for gross domestic product — value standard local currency, per capita in 2024. That is the highest value across all 34 years on record.
That represents a change of up 3.1% on the previous year and up 87.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, per capita in Latvia peaked at 0.0214 million SLC per person in 2024 and was at its lowest, 0.0001 million SLC per person, in 1991.
That places Latvia 164th out of 192 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, per capita in Latvia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.0001 million SLC per person | — |
| 1992 | 0.0006 million SLC per person | +610.6% |
| 1993 | 0.0009 million SLC per person | +48.9% |
| 1994 | 0.0013 million SLC per person | +41.6% |
| 1995 | 0.0016 million SLC per person | +25.9% |
| 1996 | 0.0018 million SLC per person | +16.9% |
| 1997 | 0.0022 million SLC per person | +16.6% |
| 1998 | 0.0024 million SLC per person | +12.6% |
| 1999 | 0.0026 million SLC per person | +5.0% |
| 2000 | 0.0028 million SLC per person | +10.9% |
| 2001 | 0.0031 million SLC per person | +10.7% |
| 2002 | 0.0035 million SLC per person | +12.5% |
| 2003 | 0.004 million SLC per person | +13.5% |
| 2004 | 0.0047 million SLC per person | +17.5% |
| 2005 | 0.0059 million SLC per person | +24.6% |
| 2006 | 0.0073 million SLC per person | +25.5% |
| 2007 | 0.0098 million SLC per person | +33.1% |
| 2008 | 0.0107 million SLC per person | +9.7% |
| 2009 | 0.0086 million SLC per person | -19.5% |
| 2010 | 0.0084 million SLC per person | -2.1% |
| 2011 | 0.0093 million SLC per person | +9.9% |
| 2012 | 0.0104 million SLC per person | +11.8% |
| 2013 | 0.0109 million SLC per person | +5.2% |
| 2014 | 0.0114 million SLC per person | +4.8% |
| 2015 | 0.012 million SLC per person | +5.0% |
| 2016 | 0.0125 million SLC per person | +4.1% |
| 2017 | 0.0134 million SLC per person | +7.1% |
| 2018 | 0.0146 million SLC per person | +9.1% |
| 2019 | 0.0154 million SLC per person | +5.8% |
| 2020 | 0.0154 million SLC per person | -0.5% |
| 2021 | 0.0171 million SLC per person | +11.4% |
| 2022 | 0.0192 million SLC per person | +12.1% |
| 2023 | 0.0207 million SLC per person | +8.0% |
| 2024 | 0.0214 million SLC per person | +3.1% |
Latvia compared with similar countries
- Latvia's 0.0214 million SLC per person is below the median for high income countries, which is 0.0694 million SLC per person, 31% of the median. (72 countries reporting)
- Latvia's 0.0214 million SLC per person is below the median for Europe & Central Asia, which is 0.0541 million SLC per person, 40% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 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 | +610.6% | 0.0001 million SLC per person | 0.0006 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0015 million SLC per person | 0.0001 million SLC per person | 0.0026 million SLC per person | 9 |
| 2000s | 0.0061 million SLC per person | 0.0028 million SLC per person | 0.0107 million SLC per person | 10 |
| 2010s | 0.0118 million SLC per person | 0.0084 million SLC per person | 0.0154 million SLC per person | 10 |
| 2020s | 0.0188 million SLC per person | 0.0154 million SLC per person | 0.0214 million SLC per person | 5 |
Countries ranked near Latvia
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, per capita in Latvia?
- Gross domestic product — value standard local currency, per capita in Latvia was 0.0214 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per capita recorded in Latvia?
- The highest recorded value was 0.0214 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, per capita recorded in Latvia?
- The lowest recorded value was 0.0001 million SLC per person in 1991.
- How does Latvia rank for gross domestic product — value standard local currency, per capita?
- Latvia ranks 164th out of 192 countries with data for 2024.
- Is gross domestic product — value standard local currency, per capita rising or falling in Latvia?
- Over the last ten years it is up 87.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 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 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 ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.