Gross domestic product (GDP) in Latvia
Latvia: Gross domestic product (GDP) was 19.01 billion current GBP in 2014. ◆ Volatile
Latest (2014)
19.01 billion current GBP
Change on year
down 1.6%
World rank
101st
of 200 countries
All-time high
19.33 billion current GBP
in 2008
All-time low
3.67 billion current GBP
in 1995
Years of data
20
1995–2014
Gross domestic product (GDP) in Latvia, 1995–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
In 2014, gross domestic product (gdp) in Latvia stood at 19.01 billion current GBP.
That represents a change of down 1.6% on the previous year and up 142.4% over ten years.
Over the whole period, gross domestic product (gdp) in Latvia peaked at 19.33 billion current GBP in 2008 and was at its lowest, 3.67 billion current GBP, in 1995.
That places Latvia 101st out of 200 countries with data for 2014, 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 (GDP) in Latvia, year by year
| Year | current GBP | Change |
|---|---|---|
| 1995 | 3.67 billion current GBP | — |
| 1996 | 3.82 billion current GBP | +4.3% |
| 1997 | 3.98 billion current GBP | +4.2% |
| 1998 | 4.33 billion current GBP | +8.7% |
| 1999 | 4.65 billion current GBP | +7.5% |
| 2000 | 5.24 billion current GBP | +12.7% |
| 2001 | 5.80 billion current GBP | +10.6% |
| 2002 | 6.36 billion current GBP | +9.8% |
| 2003 | 7.19 billion current GBP | +12.9% |
| 2004 | 7.84 billion current GBP | +9.1% |
| 2005 | 9.30 billion current GBP | +18.5% |
| 2006 | 11.64 billion current GBP | +25.2% |
| 2007 | 15.42 billion current GBP | +32.5% |
| 2008 | 19.33 billion current GBP | +25.4% |
| 2009 | 16.78 billion current GBP | -13.2% |
| 2010 | 15.37 billion current GBP | -8.4% |
| 2011 | 17.72 billion current GBP | +15.3% |
| 2012 | 17.74 billion current GBP | +0.1% |
| 2013 | 19.33 billion current GBP | +9.0% |
| 2014 | 19.01 billion current GBP | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.09 billion current GBP | 3.67 billion current GBP | 4.65 billion current GBP | 5 |
| 2000s | 10.49 billion current GBP | 5.24 billion current GBP | 19.33 billion current GBP | 10 |
| 2010s | 17.83 billion current GBP | 15.37 billion current GBP | 19.33 billion current GBP | 5 |
Countries ranked near Latvia
- 98 Bolivia 20.05 billion current GBP compare
- 99 Democratic Republic of Congo 19.92 billion current GBP compare
- 100 Cameroon 19.48 billion current GBP compare
- 102 Paraguay 18.77 billion current GBP compare
- 103 Trinidad and Tobago 17.55 billion current GBP compare
- 104 Zambia 16.49 billion current GBP compare
More economy & growth data for Latvia
- 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)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Latvia?
- Gross domestic product (gdp) in Latvia was 19.01 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Latvia?
- The highest recorded value was 19.33 billion current GBP in 2008.
- What is the lowest gross domestic product (gdp) recorded in Latvia?
- The lowest recorded value was 3.67 billion current GBP in 1995.
- How does Latvia rank for gross domestic product (gdp)?
- Latvia ranks 101st out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Latvia?
- Over the last ten years it is up 142.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.