Gross Domestic Product — Value US$, 2015 prices, per capita in Latvia
Latvia: Gross Domestic Product — Value US$, 2015 prices, per capita was 0.0167 million USD per person in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices, per capita in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
In 2024, gross domestic product — value us$, 2015 prices, per capita in Latvia stood at 0.0167 million USD per person. That is the highest value across all 34 years on record.
The figure is up 0.5% on the previous year and up 31.4% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, per capita in Latvia peaked at 0.0167 million USD per person in 2024 and was at its lowest, 0.0045 million USD per person, in 1993.
Latvia ranks 64th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Domestic Product — Value US$, 2015 prices, per capita in Latvia, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1991 | 0.0078 million USD per person | — |
| 1992 | 0.0052 million USD per person | -34.0% |
| 1993 | 0.0045 million USD per person | -13.2% |
| 1994 | 0.0046 million USD per person | +2.3% |
| 1995 | 0.0047 million USD per person | +1.6% |
| 1996 | 0.0048 million USD per person | +3.5% |
| 1997 | 0.0053 million USD per person | +10.3% |
| 1998 | 0.0057 million USD per person | +7.6% |
| 1999 | 0.0059 million USD per person | +3.7% |
| 2000 | 0.0063 million USD per person | +6.9% |
| 2001 | 0.0068 million USD per person | +7.8% |
| 2002 | 0.0074 million USD per person | +8.9% |
| 2003 | 0.0081 million USD per person | +9.5% |
| 2004 | 0.009 million USD per person | +9.9% |
| 2005 | 0.0101 million USD per person | +12.8% |
| 2006 | 0.0115 million USD per person | +13.9% |
| 2007 | 0.0128 million USD per person | +11.3% |
| 2008 | 0.0125 million USD per person | -2.4% |
| 2009 | 0.0107 million USD per person | -14.6% |
| 2010 | 0.0105 million USD per person | -1.6% |
| 2011 | 0.011 million USD per person | +4.9% |
| 2012 | 0.012 million USD per person | +8.6% |
| 2013 | 0.0124 million USD per person | +3.2% |
| 2014 | 0.0127 million USD per person | +3.1% |
| 2015 | 0.0133 million USD per person | +4.6% |
| 2016 | 0.0138 million USD per person | +3.5% |
| 2017 | 0.0144 million USD per person | +4.3% |
| 2018 | 0.0151 million USD per person | +5.1% |
| 2019 | 0.0153 million USD per person | +1.4% |
| 2020 | 0.0149 million USD per person | -2.8% |
| 2021 | 0.0161 million USD per person | +7.9% |
| 2022 | 0.0164 million USD per person | +2.1% |
| 2023 | 0.0166 million USD per person | +1.5% |
| 2024 | 0.0167 million USD per person | +0.5% |
Latvia compared with similar countries
- Latvia's 0.0167 million USD per person is below the median for high income countries, which is 0.0304 million USD per person, 55% of the median. (73 countries reporting)
- Latvia's 0.0167 million USD per person is below the median for Europe & Central Asia, which is 0.0198 million USD per person, 84% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, per capita in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -34.0% | 0.0078 million USD per person | 0.0052 million USD per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0054 million USD per person | 0.0045 million USD per person | 0.0078 million USD per person | 9 |
| 2000s | 0.0095 million USD per person | 0.0063 million USD per person | 0.0128 million USD per person | 10 |
| 2010s | 0.0131 million USD per person | 0.0105 million USD per person | 0.0153 million USD per person | 10 |
| 2020s | 0.0162 million USD per person | 0.0149 million USD per person | 0.0167 million USD per person | 5 |
Countries ranked near Latvia
- 61 Panama 0.0172 million USD per person compare
- 62 Curacao 0.0171 million USD per person compare
- 63 Seychelles 0.017 million USD per person compare
- 65 Hungary 0.0165 million USD per person compare
- 66 Trinidad and Tobago 0.0162 million USD per person compare
- 67 Turkey 0.0151 million USD per person compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), 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 us$, 2015 prices, per capita in Latvia?
- Gross domestic product — value us$, 2015 prices, per capita in Latvia was 0.0167 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, per capita recorded in Latvia?
- The highest recorded value was 0.0167 million USD per person in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices, per capita recorded in Latvia?
- The lowest recorded value was 0.0045 million USD per person in 1993.
- How does Latvia rank for gross domestic product — value us$, 2015 prices, per capita?
- Latvia ranks 64th out of 194 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, per capita 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 US$, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value US$, 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 US$, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value US$, 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 US$, 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.