Annual GDP growth in Latvia
Latvia: Annual GDP growth was 2.1% in 2025. ◆ Volatile
Annual GDP growth in Latvia, 1993–2025
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Latvia is 2.1%, measured in 2025.
That represents a change of up 5,878.4% on the previous year and down 43.5% over ten years.
Over the whole period, annual gdp growth in Latvia peaked at 12.8% in 2006 and was at its lowest, -16.0%, in 2009.
That places Latvia 141st 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | -11.4% | 9.2% | 7 |
| 2000s | 5.3% | -16.0% | 12.8% | 10 |
| 2010s | 2.6% | -3.7% | 7.3% | 10 |
| 2020s | 1.1% | -3.5% | 6.9% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Latvia?
- Annual gdp growth in Latvia was 2.1% in 2025, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Latvia?
- The highest recorded value was 12.8% in 2006.
- What is the lowest annual gdp growth recorded in Latvia?
- The lowest recorded value was -16.0% in 2009.
- How does Latvia rank for annual gdp growth?
- Latvia ranks 141st out of 196 countries with data for 2025.
- Is annual 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 International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.