Real gdp growth, annual growth rate in Latvia
Latvia: Real gdp growth, annual growth rate was 96.07 % change on previous year in 2024. ◆ Volatile
Real gdp growth, annual growth rate in Latvia, 1994–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for real gdp growth, annual growth rate in Latvia is 96.07 % change on previous year, measured in 2024.
That represents a change of up 164.3% on the previous year and up 201,467.0% over ten years.
Over the whole period, real gdp growth, annual growth rate in Latvia peaked at 300.14 % change on previous year in 2021 and was at its lowest, -613.93 % change on previous year, in 2020.
That places Latvia 34th out of 196 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth, annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1994 | 119.3 % change on previous year | — |
| 1995 | -194.73 % change on previous year | -263.2% |
| 1996 | 210.37 % change on previous year | -208.0% |
| 1997 | 298.74 % change on previous year | +42.0% |
| 1998 | -28.58 % change on previous year | -109.6% |
| 1999 | -56.98 % change on previous year | +99.4% |
| 2000 | 107.28 % change on previous year | -288.3% |
| 2001 | 10.61 % change on previous year | -90.1% |
| 2002 | 18.63 % change on previous year | +75.6% |
| 2003 | 9.97 % change on previous year | -46.5% |
| 2004 | 3.51 % change on previous year | -64.8% |
| 2005 | 33.12 % change on previous year | +843.2% |
| 2006 | 10.42 % change on previous year | -68.5% |
| 2007 | -18.79 % change on previous year | -280.4% |
| 2008 | -132.54 % change on previous year | +605.3% |
| 2009 | -373.3 % change on previous year | +181.6% |
| 2010 | 77.18 % change on previous year | -120.7% |
| 2011 | 182.93 % change on previous year | +137.0% |
| 2012 | 140.61 % change on previous year | -23.1% |
| 2013 | -71.31 % change on previous year | -150.7% |
| 2014 | -0.0477 % change on previous year | -99.9% |
| 2015 | 80.57 % change on previous year | -168980.7% |
| 2016 | -32.54 % change on previous year | -140.4% |
| 2017 | 33.19 % change on previous year | -202.0% |
| 2018 | 26.8 % change on previous year | -19.2% |
| 2019 | -84.34 % change on previous year | -414.7% |
| 2020 | -613.93 % change on previous year | +627.9% |
| 2021 | 300.14 % change on previous year | -148.9% |
| 2022 | -72.5 % change on previous year | -124.2% |
| 2023 | -149.34 % change on previous year | +106.0% |
| 2024 | 96.07 % change on previous year | -164.3% |
Biggest year-on-year movements
Years where Real gdp growth, annual growth rate 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 |
|---|---|---|---|
| 2015 | +168980.7% | -0.0477 % change on previous year | 80.57 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 58.02 % change on previous year | -194.73 % change on previous year | 298.74 % change on previous year | 6 |
| 2000s | -33.11 % change on previous year | -373.3 % change on previous year | 107.28 % change on previous year | 10 |
| 2010s | 35.3 % change on previous year | -84.34 % change on previous year | 182.93 % change on previous year | 10 |
| 2020s | -87.91 % change on previous year | -613.93 % change on previous year | 300.14 % change on previous year | 5 |
Countries ranked near Latvia
- 31 Czechia 103.68 % change on previous year compare
- 32 Micronesia, Federated States of 101.67 % change on previous year compare
- 33 Australia 96.31 % change on previous year compare
- 35 Ghana 86.92 % change on previous year compare
- 36 Barbados 85.61 % change on previous year compare
- 37 Yemen, Republic of 84.27 % change on previous year compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth, annual growth rate in Latvia?
- Real gdp growth, annual growth rate in Latvia was 96.07 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest real gdp growth, annual growth rate recorded in Latvia?
- The highest recorded value was 300.14 % change on previous year in 2021.
- What is the lowest real gdp growth, annual growth rate recorded in Latvia?
- The lowest recorded value was -613.93 % change on previous year in 2020.
- How does Latvia rank for real gdp growth, annual growth rate?
- Latvia ranks 34th out of 196 countries with data for 2024.
- Is real gdp growth, annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 201,467.0%. 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 Real gdp growth, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Real gdp growth Our World in Data
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
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.