GDP at market prices in Latvia

Latvia: GDP at market prices was 31.57 billion constant 2010 US$ in 2024. β–² Rising

Latest (2024)
31.57 billion constant 2010 US$
Change on year
down 0.4%
World rank
101st
of 205 countries
All-time high
31.71 billion constant 2010 US$
in 2023
All-time low
11.44 billion constant 2010 US$
in 1993
Years of data
35
1990–2024

GDP at market prices in Latvia, 1990–2024

010.0B20.0B30.0B1990200720241990: 20.3B constant 2010 US$1991: 17.7B constant 2010 US$1992: 12.0B constant 2010 US$1993: 11.4B constant 2010 US$1994: 11.7B constant 2010 US$1995: 11.6B constant 2010 US$1996: 11.9B constant 2010 US$1997: 12.9B constant 2010 US$1998: 13.8B constant 2010 US$1999: 14.2B constant 2010 US$2000: 15.0B constant 2010 US$2001: 16.0B constant 2010 US$2002: 17.2B constant 2010 US$2003: 18.6B constant 2010 US$2004: 20.3B constant 2010 US$2005: 22.6B constant 2010 US$2006: 25.5B constant 2010 US$2007: 28.2B constant 2010 US$2008: 27.2B constant 2010 US$2009: 22.9B constant 2010 US$2010: 22.0B constant 2010 US$2011: 22.7B constant 2010 US$2012: 24.4B constant 2010 US$2013: 24.9B constant 2010 US$2014: 25.4B constant 2010 US$2015: 26.3B constant 2010 US$2016: 27.0B constant 2010 US$2017: 27.9B constant 2010 US$2018: 29.1B constant 2010 US$2019: 29.3B constant 2010 US$2020: 28.3B constant 2010 US$2021: 30.3B constant 2010 US$2022: 30.8B constant 2010 US$2023: 31.7B constant 2010 US$2024: 31.6B constant 2010 US$

Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.

Analysis

Latvia recorded 31.57 billion constant 2010 US$ for gdp at market prices in 2024.

That represents a change of down 0.4% on the previous year and up 24.4% over ten years.

Over the whole period, gdp at market prices in Latvia peaked at 31.71 billion constant 2010 US$ in 2023 and was at its lowest, 11.44 billion constant 2010 US$, in 1993.

That places Latvia 101st out of 205 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 35 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 13.76 billion constant 2010 US$ 11.44 billion constant 2010 US$ 20.30 billion constant 2010 US$ 10
2000s 21.35 billion constant 2010 US$ 15.00 billion constant 2010 US$ 28.19 billion constant 2010 US$ 10
2010s 25.91 billion constant 2010 US$ 22.03 billion constant 2010 US$ 29.34 billion constant 2010 US$ 10
2020s 30.54 billion constant 2010 US$ 28.32 billion constant 2010 US$ 31.71 billion constant 2010 US$ 5

Countries ranked near Latvia

  1. 98 Yemen 36.79 billion constant 2010 US$ compare
  2. 99 Nepal 34.98 billion constant 2010 US$ compare
  3. 100 Lebanon 33.69 billion constant 2010 US$ compare
  4. 102 Cyprus 31.02 billion constant 2010 US$ compare
  5. 103 Sudan 29.34 billion constant 2010 US$ compare
  6. 104 El Salvador 29.06 billion constant 2010 US$ compare

See the full ranking of 208 places β†’

More population data for Latvia

All data for Latvia β†’

Frequently asked questions

What is gdp at market prices in Latvia?
Gdp at market prices in Latvia was 31.57 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp at market prices recorded in Latvia?
The highest recorded value was 31.71 billion constant 2010 US$ in 2023.
What is the lowest gdp at market prices recorded in Latvia?
The lowest recorded value was 11.44 billion constant 2010 US$ in 1993.
How does Latvia rank for gdp at market prices?
Latvia ranks 101st out of 205 countries with data for 2024.
Is gdp at market prices rising or falling in Latvia?
Over the last ten years it is up 24.4%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.

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GDP at market prices in Latvia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-at-market-prices-constant-2010-us/latvia/

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About this data

Indicator
GDP at market prices (constant 2010 US$)
Unit
constant 2010 US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
208 places, 10,104 data points, 1970–2024
Last refreshed

February 2026 Data Release