GDP (constant LCU), annual growth rate in Latvia
Latvia: GDP (constant LCU), annual growth rate was -0.4425 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Latvia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant lcu), annual growth rate in Latvia is -0.4425 % change on previous year, measured in 2024.
That represents a change of down 115.5% on the previous year and down 121.1% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Latvia peaked at 12.82 % change on previous year in 2006 and was at its lowest, -32.12 % change on previous year, in 1992.
That places Latvia 191st out of 212 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -12.6 % change on previous year | — |
| 1992 | -32.12 % change on previous year | +155.0% |
| 1993 | -4.98 % change on previous year | -84.5% |
| 1994 | 2.19 % change on previous year | -144.0% |
| 1995 | -0.9454 % change on previous year | -143.2% |
| 1996 | 2.3 % change on previous year | -343.3% |
| 1997 | 9.17 % change on previous year | +298.7% |
| 1998 | 6.55 % change on previous year | -28.6% |
| 1999 | 2.82 % change on previous year | -57.0% |
| 2000 | 5.84 % change on previous year | +107.3% |
| 2001 | 6.46 % change on previous year | +10.6% |
| 2002 | 7.67 % change on previous year | +18.6% |
| 2003 | 8.43 % change on previous year | +10.0% |
| 2004 | 8.73 % change on previous year | +3.5% |
| 2005 | 11.62 % change on previous year | +33.1% |
| 2006 | 12.82 % change on previous year | +10.4% |
| 2007 | 10.41 % change on previous year | -18.8% |
| 2008 | -3.39 % change on previous year | -132.5% |
| 2009 | -16.04 % change on previous year | +373.4% |
| 2010 | -3.66 % change on previous year | -77.2% |
| 2011 | 3.04 % change on previous year | -182.9% |
| 2012 | 7.31 % change on previous year | +140.6% |
| 2013 | 2.1 % change on previous year | -71.3% |
| 2014 | 2.1 % change on previous year | -0.0% |
| 2015 | 3.78 % change on previous year | +80.6% |
| 2016 | 2.55 % change on previous year | -32.6% |
| 2017 | 3.4 % change on previous year | +33.2% |
| 2018 | 4.31 % change on previous year | +26.8% |
| 2019 | 0.6754 % change on previous year | -84.3% |
| 2020 | -3.47 % change on previous year | -613.7% |
| 2021 | 6.94 % change on previous year | -300.1% |
| 2022 | 1.81 % change on previous year | -74.0% |
| 2023 | 2.85 % change on previous year | +58.0% |
| 2024 | -0.4425 % change on previous year | -115.5% |
Latvia compared with similar countries
- Latvia's -0.4425 % change on previous year is below the median for high income countries, which is 2.27 % change on previous year. (83 countries reporting)
- Latvia's -0.4425 % change on previous year is below the median for Europe & Central Asia, which is 2.27 % change on previous year. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.07 % change on previous year | -32.12 % change on previous year | 9.17 % change on previous year | 9 |
| 2000s | 5.25 % change on previous year | -16.04 % change on previous year | 12.82 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | -3.66 % change on previous year | 7.31 % change on previous year | 10 |
| 2020s | 1.54 % change on previous year | -3.47 % change on previous year | 6.94 % change on previous year | 5 |
Countries ranked near Latvia
- 188 Finland -0.1544 % change on previous year compare
- 189 Germany -0.2387 % change on previous year compare
- 190 Estonia -0.261 % change on previous year compare
- 192 Libya -0.6058 % change on previous year compare
- 193 Jamaica -0.7188 % change on previous year compare
- 194 Lebanon -0.7606 % change on previous year 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 (constant lcu), annual growth rate in Latvia?
- Gdp (constant lcu), annual growth rate in Latvia was -0.4425 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 12.82 % change on previous year in 2006.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -32.12 % change on previous year in 1992.
- How does Latvia rank for gdp (constant lcu), annual growth rate?
- Latvia ranks 191st out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is down 121.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
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
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.