GDP (constant LCU), per unit of GDP in Latvia
Latvia: GDP (constant LCU), per unit of GDP was 0.7405 constant LCU per US$ of GDP in 2024. ▼ Falling
GDP (constant LCU), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, gdp (constant lcu), per unit of gdp in Latvia stood at 0.7405 constant LCU per US$ of GDP. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 3.2% on the previous year and down 14.4% over ten years.
Over the whole period, gdp (constant lcu), per unit of gdp in Latvia peaked at 2.13 constant LCU per US$ of GDP in 1995 and was at its lowest, 0.7405 constant LCU per US$ of GDP, in 2024.
Latvia ranks 188th of 211 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
GDP (constant LCU), per unit of GDP in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 2.13 constant LCU per US$ of GDP | — |
| 1996 | 2.11 constant LCU per US$ of GDP | -1.1% |
| 1997 | 2.1 constant LCU per US$ of GDP | -0.3% |
| 1998 | 2.04 constant LCU per US$ of GDP | -3.0% |
| 1999 | 2 constant LCU per US$ of GDP | -2.1% |
| 2000 | 1.99 constant LCU per US$ of GDP | -0.1% |
| 2001 | 2.01 constant LCU per US$ of GDP | +0.9% |
| 2002 | 1.92 constant LCU per US$ of GDP | -4.7% |
| 2003 | 1.71 constant LCU per US$ of GDP | -10.8% |
| 2004 | 1.51 constant LCU per US$ of GDP | -11.6% |
| 2005 | 1.43 constant LCU per US$ of GDP | -5.4% |
| 2006 | 1.29 constant LCU per US$ of GDP | -10.0% |
| 2007 | 0.9887 constant LCU per US$ of GDP | -23.3% |
| 2008 | 0.8233 constant LCU per US$ of GDP | -16.7% |
| 2009 | 0.9184 constant LCU per US$ of GDP | +11.6% |
| 2010 | 0.9686 constant LCU per US$ of GDP | +5.5% |
| 2011 | 0.8813 constant LCU per US$ of GDP | -9.0% |
| 2012 | 0.9268 constant LCU per US$ of GDP | +5.2% |
| 2013 | 0.8802 constant LCU per US$ of GDP | -5.0% |
| 2014 | 0.8652 constant LCU per US$ of GDP | -1.7% |
| 2015 | 1.03 constant LCU per US$ of GDP | +19.3% |
| 2016 | 1.03 constant LCU per US$ of GDP | -0.4% |
| 2017 | 0.9809 constant LCU per US$ of GDP | -4.6% |
| 2018 | 0.9045 constant LCU per US$ of GDP | -7.8% |
| 2019 | 0.9147 constant LCU per US$ of GDP | +1.1% |
| 2020 | 0.8755 constant LCU per US$ of GDP | -4.3% |
| 2021 | 0.8185 constant LCU per US$ of GDP | -6.5% |
| 2022 | 0.8372 constant LCU per US$ of GDP | +2.3% |
| 2023 | 0.765 constant LCU per US$ of GDP | -8.6% |
| 2024 | 0.7405 constant LCU per US$ of GDP | -3.2% |
Latvia compared with similar countries
- Latvia's 0.7405 constant LCU per US$ of GDP is below the median for high income countries, which is 0.9346 constant LCU per US$ of GDP, 79% of the median. (82 countries reporting)
- Latvia's 0.7405 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.8399 constant LCU per US$ of GDP, 88% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.08 constant LCU per US$ of GDP | 2 constant LCU per US$ of GDP | 2.13 constant LCU per US$ of GDP | 5 |
| 2000s | 1.46 constant LCU per US$ of GDP | 0.8233 constant LCU per US$ of GDP | 2.01 constant LCU per US$ of GDP | 10 |
| 2010s | 0.9382 constant LCU per US$ of GDP | 0.8652 constant LCU per US$ of GDP | 1.03 constant LCU per US$ of GDP | 10 |
| 2020s | 0.8073 constant LCU per US$ of GDP | 0.7405 constant LCU per US$ of GDP | 0.8755 constant LCU per US$ of GDP | 5 |
Countries ranked near Latvia
- 185 Northern Mariana Islands 0.7418 constant LCU per US$ of GDP compare
- 186 Slovakia 0.7409 constant LCU per US$ of GDP compare
- 187 American Samoa 0.7405 constant LCU per US$ of GDP compare
- 189 Slovenia 0.7396 constant LCU per US$ of GDP compare
- 190 Andorra 0.7389 constant LCU per US$ of GDP compare
- 191 Luxembourg 0.7337 constant LCU per US$ of GDP 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), per unit of gdp in Latvia?
- Gdp (constant lcu), per unit of gdp in Latvia was 0.7405 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 2.13 constant LCU per US$ of GDP in 1995.
- What is the lowest gdp (constant lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.7405 constant LCU per US$ of GDP in 2024.
- How does Latvia rank for gdp (constant lcu), per unit of gdp?
- Latvia ranks 188th out of 211 countries with data for 2024.
- Is gdp (constant lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
GDP (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant LCU) ÷ GDP (current US$)
Computed from
- GDP UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
GDP (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.