Gross Domestic Product — Value US$ per capita in Latvia

Latvia: Gross Domestic Product — Value US$ per capita was 23,073 USD in 2024. ◆ Volatile

Latest (2024)
23,073 USD
Change on year
up 2.8%
World rank
65th
of 195 countries
All-time high
23,073 USD
in 2024
All-time low
1,943 USD
in 1993
Years of data
34
1991–2024

Gross Domestic Product — Value US$ per capita in Latvia, 1991–2024

05.0k10.0k15.0k20.0k25.0k1991200720241991: 3.2k USD1992: 2.2k USD1993: 1.9k USD1994: 2.0k USD1995: 2.1k USD1996: 2.4k USD1997: 2.6k USD1998: 2.9k USD1999: 3.1k USD2000: 3.3k USD2001: 3.5k USD2002: 4.0k USD2003: 4.9k USD2004: 6.1k USD2005: 7.3k USD2006: 9.2k USD2007: 13.4k USD2008: 15.7k USD2009: 12.0k USD2010: 11.2k USD2011: 13.0k USD2012: 13.3k USD2013: 14.5k USD2014: 15.2k USD2015: 13.3k USD2016: 13.8k USD2017: 15.1k USD2018: 17.2k USD2019: 17.3k USD2020: 17.6k USD2021: 20.3k USD2022: 20.2k USD2023: 22.4k USD2024: 23.1k USD

Source: Food and Agriculture Organization of the United Nations. Measured in USD.

Analysis

Latvia recorded 23,073 USD for gross domestic product — value us$ per capita in 2024. That is the highest value across all 34 years on record.

The figure is up 2.8% on the previous year and up 52.0% over ten years.

Over the whole period, gross domestic product — value us$ per capita in Latvia peaked at 23,073 USD in 2024 and was at its lowest, 1,943 USD, in 1993.

That places Latvia 65th out of 195 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

Annual values for Gross Domestic Product — Value US$ per capita in Latvia, 1991 to 2024.
Year USD Change
1991 3,240 USD
1992 2,186 USD -32.5%
1993 1,943 USD -11.1%
1994 2,031 USD +4.5%
1995 2,107 USD +3.7%
1996 2,359 USD +12.0%
1997 2,610 USD +10.6%
1998 2,894 USD +10.9%
1999 3,063 USD +5.9%
2000 3,277 USD +7.0%
2001 3,503 USD +6.9%
2002 4,002 USD +14.2%
2003 4,912 USD +22.8%
2004 6,107 USD +24.3%
2005 7,280 USD +19.2%
2006 9,209 USD +26.5%
2007 13,369 USD +45.2%
2008 15,674 USD +17.2%
2009 11,995 USD -23.5%
2010 11,191 USD -6.7%
2011 13,013 USD +16.3%
2012 13,330 USD +2.4%
2013 14,480 USD +8.6%
2014 15,183 USD +4.9%
2015 13,320 USD -12.3%
2016 13,836 USD +3.9%
2017 15,130 USD +9.3%
2018 17,248 USD +14.0%
2019 17,291 USD +0.2%
2020 17,558 USD +1.5%
2021 20,251 USD +15.3%
2022 20,211 USD -0.2%
2023 22,444 USD +11.0%
2024 23,073 USD +2.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 2,493 USD 1,943 USD 3,240 USD 9
2000s 7,933 USD 3,277 USD 15,674 USD 10
2010s 14,402 USD 11,191 USD 17,291 USD 10
2020s 20,707 USD 17,558 USD 23,073 USD 5

Countries ranked near Latvia

  1. 62 Uruguay 23,675 USD compare
  2. 63 Poland 23,639 USD compare
  3. 64 French Polynesia 23,442 USD compare
  4. 66 Hungary 22,890 USD compare
  5. 67 Saint Kitts and Nevis 22,796 USD compare
  6. 68 Zimbabwe 22,194 USD compare

See the full ranking of 244 places →

More economy & growth data for Latvia

All data for Latvia →

Frequently asked questions

What is gross domestic product — value us$ per capita in Latvia?
Gross domestic product — value us$ per capita in Latvia was 23,073 USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross domestic product — value us$ per capita recorded in Latvia?
The highest recorded value was 23,073 USD in 2024.
What is the lowest gross domestic product — value us$ per capita recorded in Latvia?
The lowest recorded value was 1,943 USD in 1993.
How does Latvia rank for gross domestic product — value us$ per capita?
Latvia ranks 65th out of 195 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 52.0%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$ per capita. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ per capita in Latvia. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 30 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us-per-capita/latvia/

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About this data

Indicator
Gross Domestic Product — Value US$ per capita
Unit
USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
244 places, 12,697 data points, 1970–2024
Last refreshed

The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).