Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Latvia
Latvia: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was -0.4426 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Latvia, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, 2015 prices, annual growth rate in Latvia stood at -0.4426 % change on previous year.
The figure is down 125.9% on the previous year and down 121.1% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Latvia peaked at 12.83 % change on previous year in 2006 and was at its lowest, -34.86 % change on previous year, in 1992.
Latvia ranks 217th of 236 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | -34.86 % change on previous year | — |
| 1993 | -14.87 % change on previous year | -57.3% |
| 1994 | 0.6458 % change on previous year | -104.3% |
| 1995 | 0.1773 % change on previous year | -72.5% |
| 1996 | 2.3 % change on previous year | +1197.2% |
| 1997 | 9.17 % change on previous year | +298.9% |
| 1998 | 6.55 % change on previous year | -28.6% |
| 1999 | 2.82 % change on previous year | -57.0% |
| 2000 | 5.84 % change on previous year | +107.3% |
| 2001 | 6.46 % change on previous year | +10.6% |
| 2002 | 7.67 % change on previous year | +18.6% |
| 2003 | 8.43 % change on previous year | +10.0% |
| 2004 | 8.73 % change on previous year | +3.5% |
| 2005 | 11.62 % change on previous year | +33.1% |
| 2006 | 12.83 % change on previous year | +10.4% |
| 2007 | 10.41 % change on previous year | -18.8% |
| 2008 | -3.39 % change on previous year | -132.5% |
| 2009 | -16.04 % change on previous year | +373.3% |
| 2010 | -3.66 % change on previous year | -77.2% |
| 2011 | 3.04 % change on previous year | -182.9% |
| 2012 | 7.31 % change on previous year | +140.6% |
| 2013 | 2.1 % change on previous year | -71.3% |
| 2014 | 2.1 % change on previous year | -0.0% |
| 2015 | 3.78 % change on previous year | +80.6% |
| 2016 | 2.55 % change on previous year | -32.6% |
| 2017 | 3.4 % change on previous year | +33.2% |
| 2018 | 4.31 % change on previous year | +26.8% |
| 2019 | 0.6754 % change on previous year | -84.3% |
| 2020 | -3.47 % change on previous year | -613.7% |
| 2021 | 6.95 % change on previous year | -300.3% |
| 2022 | 1.81 % change on previous year | -73.9% |
| 2023 | 1.71 % change on previous year | -5.8% |
| 2024 | -0.4426 % change on previous year | -125.9% |
Latvia compared with similar countries
- Latvia's -0.4426 % change on previous year is below the median for high income countries, which is 2.64 % change on previous year. (73 countries reporting)
- Latvia's -0.4426 % change on previous year is below the median for Europe & Central Asia, which is 2.57 % change on previous year. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +1197.2% | 0.1773 % change on previous year | 2.3 % change on previous year |
| 2020 | -613.7% | 0.6754 % change on previous year | -3.47 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.51 % change on previous year | -34.86 % change on previous year | 9.17 % change on previous year | 8 |
| 2000s | 5.25 % change on previous year | -16.04 % change on previous year | 12.83 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | -3.66 % change on previous year | 7.31 % change on previous year | 10 |
| 2020s | 1.31 % change on previous year | -3.47 % change on previous year | 6.95 % change on previous year | 5 |
Countries ranked near Latvia
- 214 Estonia -0.2607 % change on previous year compare
- 215 Curacao -0.3374 % change on previous year compare
- 215 Curaçao -0.3374 % change on previous year compare
- 218 Libya -0.6059 % change on previous year compare
- 219 Jamaica -0.7183 % change on previous year compare
- 220 Myanmar -0.972 % change on previous year compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices, annual growth rate in Latvia?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Latvia was -0.4426 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Latvia?
- The highest recorded value was 12.83 % change on previous year in 2006.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Latvia?
- The lowest recorded value was -34.86 % change on previous year in 1992.
- How does Latvia rank for gross domestic product — value us$, 2015 prices, annual growth rate?
- Latvia ranks 217th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 121.1%. 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 US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.