GDP at market prices (constant 2010 US$), per unit of GDP in Latvia
Latvia: GDP at market prices (constant 2010 US$), per unit of GDP was 0.7175 constant 2010 US$ per US$ of GDP in 2024. ▼ Falling
GDP at market prices (constant 2010 US$), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in constant 2010 US$ per US$ of GDP.
Analysis
The most recent figure for gdp at market prices (constant 2010 us$), per unit of gdp in Latvia is 0.7175 constant 2010 US$ per US$ of GDP, measured in 2024. That is the lowest value across all 30 years on record.
The figure is down 3.2% on the previous year and down 14.4% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), per unit of gdp in Latvia peaked at 2.07 constant 2010 US$ per US$ of GDP in 1995 and was at its lowest, 0.7175 constant 2010 US$ per US$ of GDP, in 2024.
Latvia ranks 175th of 208 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
GDP at market prices (constant 2010 US$), per unit of GDP in Latvia, year by year
| Year | constant 2010 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 2.07 constant 2010 US$ per US$ of GDP | — |
| 1996 | 2.04 constant 2010 US$ per US$ of GDP | -1.1% |
| 1997 | 2.04 constant 2010 US$ per US$ of GDP | -0.3% |
| 1998 | 1.98 constant 2010 US$ per US$ of GDP | -3.0% |
| 1999 | 1.94 constant 2010 US$ per US$ of GDP | -2.1% |
| 2000 | 1.93 constant 2010 US$ per US$ of GDP | -0.1% |
| 2001 | 1.95 constant 2010 US$ per US$ of GDP | +0.9% |
| 2002 | 1.86 constant 2010 US$ per US$ of GDP | -4.7% |
| 2003 | 1.66 constant 2010 US$ per US$ of GDP | -10.8% |
| 2004 | 1.47 constant 2010 US$ per US$ of GDP | -11.6% |
| 2005 | 1.39 constant 2010 US$ per US$ of GDP | -5.4% |
| 2006 | 1.25 constant 2010 US$ per US$ of GDP | -10.0% |
| 2007 | 0.958 constant 2010 US$ per US$ of GDP | -23.3% |
| 2008 | 0.7977 constant 2010 US$ per US$ of GDP | -16.7% |
| 2009 | 0.8899 constant 2010 US$ per US$ of GDP | +11.6% |
| 2010 | 0.9385 constant 2010 US$ per US$ of GDP | +5.5% |
| 2011 | 0.854 constant 2010 US$ per US$ of GDP | -9.0% |
| 2012 | 0.8981 constant 2010 US$ per US$ of GDP | +5.2% |
| 2013 | 0.8529 constant 2010 US$ per US$ of GDP | -5.0% |
| 2014 | 0.8384 constant 2010 US$ per US$ of GDP | -1.7% |
| 2015 | 1 constant 2010 US$ per US$ of GDP | +19.3% |
| 2016 | 0.9963 constant 2010 US$ per US$ of GDP | -0.4% |
| 2017 | 0.9505 constant 2010 US$ per US$ of GDP | -4.6% |
| 2018 | 0.8764 constant 2010 US$ per US$ of GDP | -7.8% |
| 2019 | 0.8863 constant 2010 US$ per US$ of GDP | +1.1% |
| 2020 | 0.8484 constant 2010 US$ per US$ of GDP | -4.3% |
| 2021 | 0.7931 constant 2010 US$ per US$ of GDP | -6.5% |
| 2022 | 0.8113 constant 2010 US$ per US$ of GDP | +2.3% |
| 2023 | 0.7413 constant 2010 US$ per US$ of GDP | -8.6% |
| 2024 | 0.7175 constant 2010 US$ per US$ of GDP | -3.2% |
Latvia compared with similar countries
- Latvia's 0.7175 constant 2010 US$ per US$ of GDP is below the median for high income countries, which is 0.8229 constant 2010 US$ per US$ of GDP, 87% of the median. (80 countries reporting)
- Latvia's 0.7175 constant 2010 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.7841 constant 2010 US$ per US$ of GDP, 92% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.01 constant 2010 US$ per US$ of GDP | 1.94 constant 2010 US$ per US$ of GDP | 2.07 constant 2010 US$ per US$ of GDP | 5 |
| 2000s | 1.41 constant 2010 US$ per US$ of GDP | 0.7977 constant 2010 US$ per US$ of GDP | 1.95 constant 2010 US$ per US$ of GDP | 10 |
| 2010s | 0.9091 constant 2010 US$ per US$ of GDP | 0.8384 constant 2010 US$ per US$ of GDP | 1 constant 2010 US$ per US$ of GDP | 10 |
| 2020s | 0.7823 constant 2010 US$ per US$ of GDP | 0.7175 constant 2010 US$ per US$ of GDP | 0.8484 constant 2010 US$ per US$ of GDP | 5 |
Countries ranked near Latvia
- 172 Bolivia 0.7297 constant 2010 US$ per US$ of GDP compare
- 173 Kuwait 0.7264 constant 2010 US$ per US$ of GDP compare
- 174 Equatorial Guinea 0.7199 constant 2010 US$ per US$ of GDP compare
- 176 Poland 0.7163 constant 2010 US$ per US$ of GDP compare
- 177 Singapore 0.7135 constant 2010 US$ per US$ of GDP compare
- 178 Bosnia and Herzegovina 0.7127 constant 2010 US$ per US$ of GDP 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$), per unit of gdp in Latvia?
- Gdp at market prices (constant 2010 us$), per unit of gdp in Latvia was 0.7175 constant 2010 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 2.07 constant 2010 US$ per US$ of GDP in 1995.
- What is the lowest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.7175 constant 2010 US$ per US$ of GDP in 2024.
- How does Latvia rank for gdp at market prices (constant 2010 us$), per unit of gdp?
- Latvia ranks 175th out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP at market prices (constant 2010 US$) ÷ GDP (current US$)
Computed from
- GDP at market prices UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.