Real gdp growth in Latvia
Latvia: Real gdp growth was 2.14 in 2025. ◆ Volatile
Real gdp growth in Latvia, 1993–2025
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Latvia is 2.14, measured in 2025.
That represents a change of up 5,869.1% on the previous year and down 43.5% over ten years.
Over the whole period, real gdp growth in Latvia peaked at 12.82 in 2006 and was at its lowest, -16.04, in 2009.
That places Latvia 135th out of 196 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | -11.4 | — |
| 1994 | 2.2 | -119.3% |
| 1995 | -2.08 | -194.7% |
| 1996 | 2.3 | -210.4% |
| 1997 | 9.17 | +298.8% |
| 1998 | 6.55 | -28.6% |
| 1999 | 2.82 | -57.0% |
| 2000 | 5.84 | +107.2% |
| 2001 | 6.46 | +10.6% |
| 2002 | 7.67 | +18.7% |
| 2003 | 8.43 | +10.0% |
| 2004 | 8.73 | +3.5% |
| 2005 | 11.62 | +33.1% |
| 2006 | 12.82 | +10.4% |
| 2007 | 10.41 | -18.8% |
| 2008 | -3.39 | -132.5% |
| 2009 | -16.04 | +373.3% |
| 2010 | -3.66 | -77.2% |
| 2011 | 3.04 | -182.9% |
| 2012 | 7.31 | +140.6% |
| 2013 | 2.1 | -71.3% |
| 2014 | 2.09 | -0.1% |
| 2015 | 3.78 | +80.6% |
| 2016 | 2.55 | -32.6% |
| 2017 | 3.4 | +33.2% |
| 2018 | 4.31 | +26.8% |
| 2019 | 0.6754 | -84.3% |
| 2020 | -3.47 | -613.7% |
| 2021 | 6.94 | -300.1% |
| 2022 | 1.91 | -72.5% |
| 2023 | -0.9416 | -149.3% |
| 2024 | -0.0371 | -96.1% |
| 2025 | 2.14 | -5869.1% |
Latvia compared with similar countries
- Latvia's 2.14 is above the median for high income countries, which is 2.14, 1.0× the median. (67 countries reporting)
- Latvia's 2.14 is above the median for Europe & Central Asia, which is 2.14, 1.0× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2025 | +5869.1% | -0.0371 | 2.14 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.37 | -11.4 | 9.17 | 7 |
| 2000s | 5.25 | -16.04 | 12.82 | 10 |
| 2010s | 2.56 | -3.66 | 7.31 | 10 |
| 2020s | 1.09 | -3.47 | 6.94 | 6 |
Countries ranked near Latvia
- 132 Oman 2.4 compare
- 133 United States 2.34 compare
- 134 Brazil 2.29 compare
- 136 Dominican Republic 2.12 compare
- 137 Micronesia (country) 2.08 compare
- 138 Greece 2.07 compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is real gdp growth in Latvia?
- Real gdp growth in Latvia was 2.14 in 2025, according to Our World in Data.
- What is the highest real gdp growth recorded in Latvia?
- The highest recorded value was 12.82 in 2006.
- What is the lowest real gdp growth recorded in Latvia?
- The lowest recorded value was -16.04 in 2009.
- How does Latvia rank for real gdp growth?
- Latvia ranks 135th out of 196 countries with data for 2025.
- Is real gdp growth rising or falling in Latvia?
- Over the last ten years it is down 43.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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