GDP in Latvia
Latvia: GDP was 43.03 billion current LCU in 2025. ◆ Volatile
GDP in Latvia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gdp in Latvia is 43.03 billion current LCU, measured in 2025. That is the highest value across all 36 years on record.
That represents a change of up 5.8% on the previous year and up 81.2% over ten years.
Over the whole period, gdp in Latvia peaked at 43.03 billion current LCU in 2025 and was at its lowest, 93.86 million current LCU, in 1990.
Latvia ranks 161st of 213 countries on this measure, in the bottom quarter.
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 | 3.28 billion current LCU | 93.86 million current LCU | 6.10 billion current LCU | 10 |
| 2000s | 13.47 billion current LCU | 6.70 billion current LCU | 23.35 billion current LCU | 10 |
| 2010s | 23.47 billion current LCU | 17.72 billion current LCU | 29.57 billion current LCU | 10 |
| 2020s | 36.81 billion current LCU | 29.22 billion current LCU | 43.03 billion current 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 43.03 billion current 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 43.03 billion current LCU in 2025.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 93.86 million current LCU in 1990.
- How does Latvia rank for gdp?
- Latvia ranks 161st out of 213 countries with data for 2025.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 81.2%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.