GDP at market prices (constant 2010 US$), annual growth rate in Latvia
Latvia: GDP at market prices (constant 2010 US$), annual growth rate was -0.4424 % change on previous year in 2024. ◆ Volatile
GDP at market prices (constant 2010 US$), annual growth rate in Latvia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp at market prices (constant 2010 us$), annual growth rate in Latvia is -0.4424 % change on previous year, measured in 2024.
The figure is down 115.5% on the previous year and down 121.1% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), annual growth rate in Latvia peaked at 12.83 % change on previous year in 2006 and was at its lowest, -32.12 % change on previous year, in 1992.
Latvia ranks 189th of 208 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -12.6 % change on previous year | — |
| 1992 | -32.12 % change on previous year | +155.0% |
| 1993 | -4.98 % change on previous year | -84.5% |
| 1994 | 2.19 % change on previous year | -143.9% |
| 1995 | -0.9448 % change on previous year | -143.1% |
| 1996 | 2.3 % change on previous year | -343.4% |
| 1997 | 9.17 % change on previous year | +298.9% |
| 1998 | 6.55 % change on previous year | -28.6% |
| 1999 | 2.82 % change on previous year | -57.0% |
| 2000 | 5.84 % change on previous year | +107.3% |
| 2001 | 6.46 % change on previous year | +10.6% |
| 2002 | 7.67 % change on previous year | +18.6% |
| 2003 | 8.43 % change on previous year | +10.0% |
| 2004 | 8.73 % change on previous year | +3.5% |
| 2005 | 11.62 % change on previous year | +33.1% |
| 2006 | 12.83 % change on previous year | +10.4% |
| 2007 | 10.41 % change on previous year | -18.8% |
| 2008 | -3.39 % change on previous year | -132.5% |
| 2009 | -16.04 % change on previous year | +373.3% |
| 2010 | -3.66 % change on previous year | -77.2% |
| 2011 | 3.04 % change on previous year | -182.9% |
| 2012 | 7.31 % change on previous year | +140.6% |
| 2013 | 2.1 % change on previous year | -71.3% |
| 2014 | 2.1 % change on previous year | -0.0% |
| 2015 | 3.78 % change on previous year | +80.6% |
| 2016 | 2.55 % change on previous year | -32.6% |
| 2017 | 3.4 % change on previous year | +33.2% |
| 2018 | 4.31 % change on previous year | +26.8% |
| 2019 | 0.6754 % change on previous year | -84.3% |
| 2020 | -3.47 % change on previous year | -613.7% |
| 2021 | 6.94 % change on previous year | -300.1% |
| 2022 | 1.81 % change on previous year | -74.0% |
| 2023 | 2.85 % change on previous year | +58.0% |
| 2024 | -0.4424 % change on previous year | -115.5% |
Latvia compared with similar countries
- Latvia's -0.4424 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year. (80 countries reporting)
- Latvia's -0.4424 % change on previous year is below the median for Europe & Central Asia, which is 2.38 % change on previous year. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.07 % change on previous year | -32.12 % change on previous year | 9.17 % change on previous year | 9 |
| 2000s | 5.25 % change on previous year | -16.04 % change on previous year | 12.83 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | -3.66 % change on previous year | 7.31 % change on previous year | 10 |
| 2020s | 1.54 % change on previous year | -3.47 % change on previous year | 6.94 % change on previous year | 5 |
Countries ranked near Latvia
- 186 Finland -0.1544 % change on previous year compare
- 187 Germany -0.2386 % change on previous year compare
- 188 Estonia -0.2607 % change on previous year compare
- 190 Libya -0.6059 % change on previous year compare
- 191 Jamaica -0.7188 % change on previous year compare
- 192 Lebanon -0.7607 % change on previous year compare
More population data for Latvia
- Population regions with projections, annual growth rate -1.02 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.55 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.02 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.8064 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.481 % change on previous year (2100)
- World population growth -1.0% (2100)
- Population density 14.87 people per km² (2100)
- Number of children under 5, by world region 31,860 people (2100)
- Population growth rate, by level of development -1.0% (2100)
- Number of people living in urban and rural areas, annual growth rate -0.7629 % change on previous year (2025)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), annual growth rate in Latvia?
- Gdp at market prices (constant 2010 us$), annual growth rate in Latvia was -0.4424 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), annual growth rate recorded in Latvia?
- The highest recorded value was 12.83 % change on previous year in 2006.
- What is the lowest gdp at market prices (constant 2010 us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -32.12 % change on previous year in 1992.
- How does Latvia rank for gdp at market prices (constant 2010 us$), annual growth rate?
- Latvia ranks 189th out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 121.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP at market prices UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.