GDP per capita in Latvia
Latvia: GDP per capita was 34,540 international-$ in 2021 prices in 2023. ▲ Rising
GDP per capita in Latvia, 1990–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gdp per capita in Latvia is 34,540 international-$ in 2021 prices, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 2.3% on the previous year and up 41.3% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 34,540 international-$ in 2021 prices in 2023 and was at its lowest, 10,503 international-$ in 2021 prices, in 1995.
That places Latvia 55th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,524 international-$ in 2021 prices | 10,503 international-$ in 2021 prices | 18,322 international-$ in 2021 prices | 10 |
| 2000s | 17,797 international-$ in 2021 prices | 13,598 international-$ in 2021 prices | 22,263 international-$ in 2021 prices | 10 |
| 2010s | 26,480 international-$ in 2021 prices | 21,048 international-$ in 2021 prices | 32,114 international-$ in 2021 prices | 10 |
| 2020s | 33,364 international-$ in 2021 prices | 31,807 international-$ in 2021 prices | 34,540 international-$ in 2021 prices | 4 |
Countries ranked near Latvia
- 52 Cyprus 35,765 international-$ in 2021 prices compare
- 53 Hungary 35,090 international-$ in 2021 prices compare
- 54 Romania 34,605 international-$ in 2021 prices compare
- 56 Bahamas 34,393 international-$ in 2021 prices compare
- 57 Greece 34,322 international-$ in 2021 prices compare
- 58 Kazakhstan 34,292 international-$ in 2021 prices compare
More economy & growth data for Latvia
- Imports of goods and services 5.7% (2025)
- External balance on goods and services -4.6% (2025)
- External balance on goods and services -1.97 billion current LCU (2025)
- External balance on goods and services -2.23 billion current US$ (2025)
- Imports of goods and services 67.2% (2025)
- Imports of goods and services 28.89 billion current LCU (2025)
- Gross capital formation 24.1% (2025)
- Imports of goods and services 32.65 billion current US$ (2025)
- Trade 129.7% (2025)
- Imports of goods and services 25.44 billion constant 2015 US$ (2025)
Frequently asked questions
- What is gdp per capita in Latvia?
- Gdp per capita in Latvia was 34,540 international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 34,540 international-$ in 2021 prices in 2023.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 10,503 international-$ in 2021 prices in 1995.
- How does Latvia rank for gdp per capita?
- Latvia ranks 55th out of 184 countries with data for 2023.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 41.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.