Gross Domestic Product — Value US$ per capita in Latvia
Latvia: Gross Domestic Product — Value US$ per capita was 23,073 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita in Latvia, 1991–2024
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
| 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
| Decade | Average | Lowest | Highest | 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
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (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 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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About this data
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).