GDP per capita in Latvia
Latvia: GDP per capita was 38,800 international-$ in 2021 prices in 2025. ▲ Rising
GDP per capita in Latvia, 1990–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2025, gdp per capita in Latvia stood at 38,800 international-$ in 2021 prices. That is the highest value across all 36 years on record.
The figure is up 3.2% on the previous year and up 26.8% over ten years.
Over the whole period, gdp per capita in Latvia peaked at 38,800 international-$ in 2021 prices in 2025 and was at its lowest, 10,255 international-$ in 2021 prices, in 1993.
That places Latvia 57th out of 198 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 | 12,514 international-$ in 2021 prices | 10,255 international-$ in 2021 prices | 17,509 international-$ in 2021 prices | 10 |
| 2000s | 21,896 international-$ in 2021 prices | 14,554 international-$ in 2021 prices | 29,424 international-$ in 2021 prices | 10 |
| 2010s | 29,979 international-$ in 2021 prices | 24,120 international-$ in 2021 prices | 35,208 international-$ in 2021 prices | 10 |
| 2020s | 37,092 international-$ in 2021 prices | 34,226 international-$ in 2021 prices | 38,800 international-$ in 2021 prices | 6 |
Countries ranked near Latvia
- 54 Hungary 41,161 international-$ in 2021 prices compare
- 55 Romania 40,846 international-$ in 2021 prices compare
- 56 Slovakia 40,690 international-$ in 2021 prices compare
- 58 Greece 38,219 international-$ in 2021 prices compare
- 59 Kazakhstan 37,851 international-$ in 2021 prices compare
- 60 Panama 37,516 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 38,800 international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Latvia?
- The highest recorded value was 38,800 international-$ in 2021 prices in 2025.
- What is the lowest gdp per capita recorded in Latvia?
- The lowest recorded value was 10,255 international-$ in 2021 prices in 1993.
- How does Latvia rank for gdp per capita?
- Latvia ranks 57th out of 198 countries with data for 2025.
- Is gdp per capita rising or falling in Latvia?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, OECD, IMF, and World Bank (2026) – with minor 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.