GDP (constant LCU) (UNESCO Institute) in Latvia
Latvia: GDP (constant LCU) (UNESCO Institute) was 32.58 billion constant LCU in 2024. ▲ Rising
GDP in Latvia, 1990–2024
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 156th of 212 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.
GDP (constant LCU) (UNESCO Institute) in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 20.95 billion constant LCU | — |
| 1991 | 18.31 billion constant LCU | -12.6% |
| 1992 | 12.43 billion constant LCU | -32.1% |
| 1993 | 11.81 billion constant LCU | -5.0% |
| 1994 | 12.07 billion constant LCU | +2.2% |
| 1995 | 11.96 billion constant LCU | -0.9% |
| 1996 | 12.23 billion constant LCU | +2.3% |
| 1997 | 13.35 billion constant LCU | +9.2% |
| 1998 | 14.23 billion constant LCU | +6.6% |
| 1999 | 14.63 billion constant LCU | +2.8% |
| 2000 | 15.48 billion constant LCU | +5.8% |
| 2001 | 16.48 billion constant LCU | +6.5% |
| 2002 | 17.75 billion constant LCU | +7.7% |
| 2003 | 19.24 billion constant LCU | +8.4% |
| 2004 | 20.92 billion constant LCU | +8.7% |
| 2005 | 23.35 billion constant LCU | +11.6% |
| 2006 | 26.34 billion constant LCU | +12.8% |
| 2007 | 29.09 billion constant LCU | +10.4% |
| 2008 | 28.10 billion constant LCU | -3.4% |
| 2009 | 23.59 billion constant LCU | -16.0% |
| 2010 | 22.73 billion constant LCU | -3.7% |
| 2011 | 23.42 billion constant LCU | +3.0% |
| 2012 | 25.13 billion constant LCU | +7.3% |
| 2013 | 25.66 billion constant LCU | +2.1% |
| 2014 | 26.20 billion constant LCU | +2.1% |
| 2015 | 27.19 billion constant LCU | +3.8% |
| 2016 | 27.88 billion constant LCU | +2.6% |
| 2017 | 28.83 billion constant LCU | +3.4% |
| 2018 | 30.07 billion constant LCU | +4.3% |
| 2019 | 30.27 billion constant LCU | +0.7% |
| 2020 | 29.22 billion constant LCU | -3.5% |
| 2021 | 31.25 billion constant LCU | +6.9% |
| 2022 | 31.82 billion constant LCU | +1.8% |
| 2023 | 32.73 billion constant LCU | +2.9% |
| 2024 | 32.58 billion constant LCU | -0.4% |
Latvia compared with similar countries
- Latvia's 32.58 billion constant LCU is below the median for high income countries, which is 153.41 billion constant LCU, 21% of the median. (83 countries reporting)
- Latvia's 32.58 billion constant LCU is below the median for Europe & Central Asia, which is 410.71 billion constant LCU, 8% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU) (UNESCO Institute) 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% | 18.31 billion constant LCU | 12.43 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | 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
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 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 156th out of 212 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.
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