Azerbaijan vs Latvia: GDP
GDP over time
- Azerbaijan
- Latvia
How they compare
Azerbaijan currently reports 33.94 billion constant LCU against 32.21 billion constant LCU in Latvia, a difference of 1.72 billion constant LCU.
That makes Azerbaijan's figure about 1.1 times Latvia's.
The two have swapped places 3 times across 36 shared years of data; in 1990 it was Latvia ahead.
Globally, Azerbaijan ranks 155th and Latvia ranks 156th of 214 countries.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.