Gross Domestic Product — Value US$, per capita in Latvia
Latvia: Gross Domestic Product — Value US$, per capita was 0.0231 million USD per person in 2024. ◆ Volatile
Gross Domestic Product — Value US$, per capita in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
The most recent figure for gross domestic product — value us$, per capita in Latvia is 0.0231 million USD per person, measured in 2024. That is the highest value across all 34 years on record.
That represents a change of up 3.2% on the previous year and up 52.4% over ten years.
Over the whole period, gross domestic product — value us$, per capita in Latvia peaked at 0.0231 million USD per person in 2024 and was at its lowest, 0.0019 million USD per person, in 1993.
That places Latvia 60th out of 194 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, per capita in Latvia, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1991 | 0.0032 million USD per person | — |
| 1992 | 0.0022 million USD per person | -32.5% |
| 1993 | 0.0019 million USD per person | -11.1% |
| 1994 | 0.002 million USD per person | +4.5% |
| 1995 | 0.0021 million USD per person | +3.7% |
| 1996 | 0.0024 million USD per person | +12.0% |
| 1997 | 0.0026 million USD per person | +10.6% |
| 1998 | 0.0029 million USD per person | +10.9% |
| 1999 | 0.0031 million USD per person | +5.9% |
| 2000 | 0.0033 million USD per person | +7.0% |
| 2001 | 0.0035 million USD per person | +6.9% |
| 2002 | 0.004 million USD per person | +14.2% |
| 2003 | 0.0049 million USD per person | +22.7% |
| 2004 | 0.0061 million USD per person | +24.3% |
| 2005 | 0.0073 million USD per person | +19.2% |
| 2006 | 0.0092 million USD per person | +26.5% |
| 2007 | 0.0134 million USD per person | +45.2% |
| 2008 | 0.0157 million USD per person | +17.2% |
| 2009 | 0.012 million USD per person | -23.5% |
| 2010 | 0.0112 million USD per person | -6.7% |
| 2011 | 0.013 million USD per person | +16.3% |
| 2012 | 0.0133 million USD per person | +2.4% |
| 2013 | 0.0145 million USD per person | +8.6% |
| 2014 | 0.0152 million USD per person | +4.9% |
| 2015 | 0.0133 million USD per person | -12.3% |
| 2016 | 0.0138 million USD per person | +3.9% |
| 2017 | 0.0151 million USD per person | +9.4% |
| 2018 | 0.0173 million USD per person | +14.0% |
| 2019 | 0.0173 million USD per person | +0.2% |
| 2020 | 0.0176 million USD per person | +1.6% |
| 2021 | 0.0203 million USD per person | +15.4% |
| 2022 | 0.0202 million USD per person | -0.2% |
| 2023 | 0.0224 million USD per person | +10.9% |
| 2024 | 0.0231 million USD per person | +3.2% |
Latvia compared with similar countries
- Latvia's 0.0231 million USD per person is below the median for high income countries, which is 0.0353 million USD per person, 66% of the median. (73 countries reporting)
- Latvia's 0.0231 million USD per person is below the median for Europe & Central Asia, which is 0.0264 million USD per person, 88% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0025 million USD per person | 0.0019 million USD per person | 0.0032 million USD per person | 9 |
| 2000s | 0.0079 million USD per person | 0.0033 million USD per person | 0.0157 million USD per person | 10 |
| 2010s | 0.0144 million USD per person | 0.0112 million USD per person | 0.0173 million USD per person | 10 |
| 2020s | 0.0207 million USD per person | 0.0176 million USD per person | 0.0231 million USD per person | 5 |
Countries ranked near Latvia
- 57 Uruguay 0.0237 million USD per person compare
- 58 French Polynesia 0.0234 million USD per person compare
- 59 Hungary 0.0232 million USD per person compare
- 61 Saint Kitts and Nevis 0.0228 million USD per person compare
- 62 Zimbabwe 0.0222 million USD per person compare
- 63 Curacao 0.0216 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$, per capita in Latvia?
- Gross domestic product — value us$, per capita in Latvia was 0.0231 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, per capita recorded in Latvia?
- The highest recorded value was 0.0231 million USD per person in 2024.
- What is the lowest gross domestic product — value us$, per capita recorded in Latvia?
- The lowest recorded value was 0.0019 million USD per person in 1993.
- How does Latvia rank for gross domestic product — value us$, per capita?
- Latvia ranks 60th out of 194 countries with data for 2024.
- Is gross domestic product — value us$, per capita rising or falling in Latvia?
- Over the last ten years it is up 52.4%. 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$, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value US$ 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$ ÷ Population, total
Computed from
- Gross Domestic Product — Value US$ 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$ divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.