Gross Domestic Product — Value Standard Local Currency, per square in Latvia
Latvia: Gross Domestic Product — Value Standard Local Currency, per square was 0.6279 million SLC per square kilometre in 2023. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per square in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross domestic product — value standard local currency, per square in Latvia stood at 0.6279 million SLC per square kilometre. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 8.2% on the previous year and up 77.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, per square in Latvia peaked at 0.6279 million SLC per square kilometre in 2023 and was at its lowest, 0.025 million SLC per square kilometre, in 1992.
That places Latvia 171st out of 192 countries with data for 2023, 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 square in Latvia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0.025 million SLC per square kilometre | — |
| 1993 | 0.0366 million SLC per square kilometre | +46.0% |
| 1994 | 0.0509 million SLC per square kilometre | +39.2% |
| 1995 | 0.0632 million SLC per square kilometre | +24.1% |
| 1996 | 0.073 million SLC per square kilometre | +15.6% |
| 1997 | 0.0843 million SLC per square kilometre | +15.5% |
| 1998 | 0.0941 million SLC per square kilometre | +11.5% |
| 1999 | 0.098 million SLC per square kilometre | +4.2% |
| 2000 | 0.1076 million SLC per square kilometre | +9.8% |
| 2001 | 0.1176 million SLC per square kilometre | +9.3% |
| 2002 | 0.1307 million SLC per square kilometre | +11.2% |
| 2003 | 0.1469 million SLC per square kilometre | +12.4% |
| 2004 | 0.1708 million SLC per square kilometre | +16.3% |
| 2005 | 0.2106 million SLC per square kilometre | +23.3% |
| 2006 | 0.2619 million SLC per square kilometre | +24.4% |
| 2007 | 0.3457 million SLC per square kilometre | +32.0% |
| 2008 | 0.3753 million SLC per square kilometre | +8.6% |
| 2009 | 0.297 million SLC per square kilometre | -20.9% |
| 2010 | 0.2848 million SLC per square kilometre | -4.1% |
| 2011 | 0.3072 million SLC per square kilometre | +7.9% |
| 2012 | 0.3392 million SLC per square kilometre | +10.4% |
| 2013 | 0.3528 million SLC per square kilometre | +4.0% |
| 2014 | 0.3662 million SLC per square kilometre | +3.8% |
| 2015 | 0.3816 million SLC per square kilometre | +4.2% |
| 2016 | 0.3937 million SLC per square kilometre | +3.2% |
| 2017 | 0.4181 million SLC per square kilometre | +6.2% |
| 2018 | 0.4524 million SLC per square kilometre | +8.2% |
| 2019 | 0.4751 million SLC per square kilometre | +5.0% |
| 2020 | 0.4696 million SLC per square kilometre | -1.2% |
| 2021 | 0.5188 million SLC per square kilometre | +10.5% |
| 2022 | 0.5802 million SLC per square kilometre | +11.8% |
| 2023 | 0.6279 million SLC per square kilometre | +8.2% |
Latvia compared with similar countries
- Latvia's 0.6279 million SLC per square kilometre is below the median for high income countries, which is 11.61 million SLC per square kilometre, 5% of the median. (72 countries reporting)
- Latvia's 0.6279 million SLC per square kilometre is below the median for Europe & Central Asia, which is 7.43 million SLC per square kilometre, 8% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0656 million SLC per square kilometre | 0.025 million SLC per square kilometre | 0.098 million SLC per square kilometre | 8 |
| 2000s | 0.2164 million SLC per square kilometre | 0.1076 million SLC per square kilometre | 0.3753 million SLC per square kilometre | 10 |
| 2010s | 0.3771 million SLC per square kilometre | 0.2848 million SLC per square kilometre | 0.4751 million SLC per square kilometre | 10 |
| 2020s | 0.5491 million SLC per square kilometre | 0.4696 million SLC per square kilometre | 0.6279 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 168 Peru 0.7827 million SLC per square kilometre compare
- 169 Zambia 0.7498 million SLC per square kilometre compare
- 170 Fiji 0.6702 million SLC per square kilometre compare
- 172 Palau 0.6127 million SLC per square kilometre compare
- 173 Kiribati 0.5363 million SLC per square kilometre compare
- 174 Montenegro 0.5177 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, per square in Latvia?
- Gross domestic product — value standard local currency, per square in Latvia was 0.6279 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per square recorded in Latvia?
- The highest recorded value was 0.6279 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, per square recorded in Latvia?
- The lowest recorded value was 0.025 million SLC per square kilometre in 1992.
- How does Latvia rank for gross domestic product — value standard local currency, per square?
- Latvia ranks 171st out of 192 countries with data for 2023.
- Is gross domestic product — value standard local currency, per square rising or falling in Latvia?
- Over the last ten years it is up 77.9%. 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 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 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 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.