GDP in Latvia
Latvia: GDP was 32.21 billion constant LCU in 2025. ▲ Rising
GDP in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gdp in Latvia is 32.21 billion constant LCU, measured in 2025. That is the highest value across all 36 years on record.
The figure is up 2.1% on the previous year and up 18.5% over ten years.
Over the whole period, gdp in Latvia peaked at 32.21 billion constant LCU in 2025 and was at its lowest, 11.81 billion constant LCU, in 1993.
That places Latvia 156th out of 214 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.20 billion constant LCU | 11.81 billion constant LCU | 20.95 billion constant LCU | 10 |
| 2000s | 22.04 billion constant LCU | 15.48 billion constant LCU | 29.09 billion constant LCU | 10 |
| 2010s | 26.74 billion constant LCU | 22.73 billion constant LCU | 30.27 billion constant LCU | 10 |
| 2020s | 31.27 billion constant LCU | 29.22 billion constant LCU | 32.21 billion constant LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- 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)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is gdp in Latvia?
- Gdp in Latvia was 32.21 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 32.21 billion constant LCU in 2025.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 11.81 billion constant LCU in 1993.
- How does Latvia rank for gdp?
- Latvia ranks 156th out of 214 countries with data for 2025.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 18.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.