GDP at market prices (constant 2010 US$) in Latvia
Latvia: GDP at market prices (constant 2010 US$) was 31.57 billion constant 2010 US$ in 2024. ▲ Rising
Latest (2024)
31.57 billion constant 2010 US$
Change on year
down 0.4%
World rank
102nd
of 208 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
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$, in 1993.
That places Latvia 102nd out of 208 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
GDP at market prices (constant 2010 US$) in Latvia, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1990 | 20.30 billion constant 2010 US$ | — |
| 1991 | 17.74 billion constant 2010 US$ | -12.6% |
| 1992 | 12.04 billion constant 2010 US$ | -32.1% |
| 1993 | 11.44 billion constant 2010 US$ | -5.0% |
| 1994 | 11.70 billion constant 2010 US$ | +2.2% |
| 1995 | 11.58 billion constant 2010 US$ | -0.9% |
| 1996 | 11.85 billion constant 2010 US$ | +2.3% |
| 1997 | 12.94 billion constant 2010 US$ | +9.2% |
| 1998 | 13.79 billion constant 2010 US$ | +6.5% |
| 1999 | 14.17 billion constant 2010 US$ | +2.8% |
| 2000 | 15.00 billion constant 2010 US$ | +5.8% |
| 2001 | 15.97 billion constant 2010 US$ | +6.5% |
| 2002 | 17.20 billion constant 2010 US$ | +7.7% |
| 2003 | 18.64 billion constant 2010 US$ | +8.4% |
| 2004 | 20.27 billion constant 2010 US$ | +8.7% |
| 2005 | 22.63 billion constant 2010 US$ | +11.6% |
| 2006 | 25.53 billion constant 2010 US$ | +12.8% |
| 2007 | 28.19 billion constant 2010 US$ | +10.4% |
| 2008 | 27.23 billion constant 2010 US$ | -3.4% |
| 2009 | 22.86 billion constant 2010 US$ | -16.0% |
| 2010 | 22.03 billion constant 2010 US$ | -3.7% |
| 2011 | 22.69 billion constant 2010 US$ | +3.0% |
| 2012 | 24.35 billion constant 2010 US$ | +7.3% |
| 2013 | 24.86 billion constant 2010 US$ | +2.1% |
| 2014 | 25.38 billion constant 2010 US$ | +2.1% |
| 2015 | 26.34 billion constant 2010 US$ | +3.8% |
| 2016 | 27.02 billion constant 2010 US$ | +2.6% |
| 2017 | 27.94 billion constant 2010 US$ | +3.4% |
| 2018 | 29.14 billion constant 2010 US$ | +4.3% |
| 2019 | 29.34 billion constant 2010 US$ | +0.7% |
| 2020 | 28.32 billion constant 2010 US$ | -3.5% |
| 2021 | 30.28 billion constant 2010 US$ | +6.9% |
| 2022 | 30.83 billion constant 2010 US$ | +1.8% |
| 2023 | 31.71 billion constant 2010 US$ | +2.9% |
| 2024 | 31.57 billion constant 2010 US$ | -0.4% |
Latvia compared with similar countries
- Latvia's 31.57 billion constant 2010 US$ is below the median for high income countries, which is 73.34 billion constant 2010 US$, 43% of the median. (80 countries reporting)
- Latvia's 31.57 billion constant 2010 US$ is below the median for Europe & Central Asia, which is 69.56 billion constant 2010 US$, 45% of the median. (54 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -32.1% | 17.74 billion constant 2010 US$ | 12.04 billion constant 2010 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 99 Yemen 36.79 billion constant 2010 US$ compare
- 100 Nepal 34.98 billion constant 2010 US$ compare
- 101 Lebanon 33.69 billion constant 2010 US$ compare
- 103 Cyprus 31.02 billion constant 2010 US$ compare
- 104 Sudan 29.34 billion constant 2010 US$ compare
- 105 El Salvador 29.06 billion constant 2010 US$ 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)
- Population growth rate -1.03 (2100)
- Population density 14.87 (2100)
- Projected population under age 5 31,860 (2100)
- Population growth rate by level of development -1.03 (2100)
- Urbanization vs gdp, annual growth rate 0.2171 % change on previous year (2025)
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 102nd out of 208 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.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release