Statizoid

GDP in Latvia

Latvia: GDP was 32.58 billion constant LCU in 2024. β–² Rising

Latest (2024)
32.58 billion constant LCU
Change on year
down 0.4%
World rank
154th
of 209 countries
All-time high
32.73 billion constant LCU
in 2023
All-time low
11.81 billion constant LCU
in 1993
Years of data
35
1990–2024

GDP in Latvia, 1990–2024

010.0B20.0B30.0B1990200720241990: 21.0B constant LCU1991: 18.3B constant LCU1992: 12.4B constant LCU1993: 11.8B constant LCU1994: 12.1B constant LCU1995: 12.0B constant LCU1996: 12.2B constant LCU1997: 13.4B constant LCU1998: 14.2B constant LCU1999: 14.6B constant LCU2000: 15.5B constant LCU2001: 16.5B constant LCU2002: 17.7B constant LCU2003: 19.2B constant LCU2004: 20.9B constant LCU2005: 23.4B constant LCU2006: 26.3B constant LCU2007: 29.1B constant LCU2008: 28.1B constant LCU2009: 23.6B constant LCU2010: 22.7B constant LCU2011: 23.4B constant LCU2012: 25.1B constant LCU2013: 25.7B constant LCU2014: 26.2B constant LCU2015: 27.2B constant LCU2016: 27.9B constant LCU2017: 28.8B constant LCU2018: 30.1B constant LCU2019: 30.3B constant LCU2020: 29.2B constant LCU2021: 31.3B constant LCU2022: 31.8B constant LCU2023: 32.7B constant LCU2024: 32.6B constant LCU

Source: UNESCO Institute for Statistics. Measured in constant LCU.

Analysis

Latvia recorded 32.58 billion constant LCU for gdp 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 in Latvia peaked at 32.73 billion constant LCU in 2023 and was at its lowest, 11.81 billion constant LCU, in 1993.

Latvia ranks 154th of 209 countries on this measure, 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 14.20 billion constant LCU 11.81 billion constant LCU 20.95 billion constant LCU 10
2000s 22.04 billion constant LCU 15.48 billion constant LCU 29.09 billion constant LCU 10
2010s 26.74 billion constant LCU 22.73 billion constant LCU 30.27 billion constant LCU 10
2020s 31.52 billion constant LCU 29.22 billion constant LCU 32.73 billion constant LCU 5

Countries ranked near Latvia

  1. 151 Bosnia and Herzegovina 37.38 billion constant LCU compare
  2. 152 Azerbaijan 33.42 billion constant LCU compare
  3. 153 Jordan 33.40 billion constant LCU compare
  4. 155 Eritrea 31.75 billion constant LCU compare
  5. 156 Estonia 28.89 billion constant LCU compare
  6. 157 Cyprus 28.75 billion constant LCU compare

See the full ranking of 212 places β†’

More population data for Latvia

All data for Latvia β†’

Frequently asked questions

What is gdp in Latvia?
Gdp in Latvia was 32.58 billion constant LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Latvia?
The highest recorded value was 32.73 billion constant LCU in 2023.
What is the lowest gdp recorded in Latvia?
The lowest recorded value was 11.81 billion constant LCU in 1993.
How does Latvia rank for gdp?
Latvia ranks 154th out of 209 countries with data for 2024.
Is gdp 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 (constant LCU). Statizoid updates them automatically from the source API.

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GDP in Latvia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-constant-lcu-2/latvia/

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About this data

Indicator
GDP (constant LCU)
Unit
constant LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,234 data points, 1970–2024
Last refreshed

February 2026 Data Release