GDP (current LCU) (UNESCO Institute) in Latvia
Latvia: GDP (current LCU) (UNESCO Institute) was 40.21 billion current LCU in 2024. ◆ Volatile
GDP in Latvia, 1990–2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
The most recent figure for gdp in Latvia is 40.21 billion current LCU, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 2.1% on the previous year and up 76.4% over ten years.
Over the whole period, gdp in Latvia peaked at 40.21 billion current LCU in 2024 and was at its lowest, 93.86 million current LCU, in 1990.
Latvia ranks 161st of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNESCO Institute) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 93.86 million current LCU | — |
| 1991 | 215.41 million current LCU | +129.5% |
| 1992 | 1.51 billion current LCU | +600.9% |
| 1993 | 2.20 billion current LCU | +46.0% |
| 1994 | 3.07 billion current LCU | +39.2% |
| 1995 | 3.93 billion current LCU | +28.1% |
| 1996 | 4.54 billion current LCU | +15.6% |
| 1997 | 5.25 billion current LCU | +15.5% |
| 1998 | 5.85 billion current LCU | +11.5% |
| 1999 | 6.10 billion current LCU | +4.2% |
| 2000 | 6.70 billion current LCU | +9.8% |
| 2001 | 7.32 billion current LCU | +9.3% |
| 2002 | 8.14 billion current LCU | +11.2% |
| 2003 | 9.14 billion current LCU | +12.4% |
| 2004 | 10.63 billion current LCU | +16.3% |
| 2005 | 13.10 billion current LCU | +23.3% |
| 2006 | 16.29 billion current LCU | +24.4% |
| 2007 | 21.51 billion current LCU | +32.0% |
| 2008 | 23.35 billion current LCU | +8.6% |
| 2009 | 18.48 billion current LCU | -20.9% |
| 2010 | 17.72 billion current LCU | -4.1% |
| 2011 | 19.12 billion current LCU | +7.9% |
| 2012 | 21.10 billion current LCU | +10.4% |
| 2013 | 21.96 billion current LCU | +4.0% |
| 2014 | 22.79 billion current LCU | +3.8% |
| 2015 | 23.74 billion current LCU | +4.2% |
| 2016 | 24.50 billion current LCU | +3.2% |
| 2017 | 26.02 billion current LCU | +6.2% |
| 2018 | 28.15 billion current LCU | +8.2% |
| 2019 | 29.57 billion current LCU | +5.0% |
| 2020 | 29.22 billion current LCU | -1.2% |
| 2021 | 32.28 billion current LCU | +10.5% |
| 2022 | 36.10 billion current LCU | +11.8% |
| 2023 | 39.37 billion current LCU | +9.1% |
| 2024 | 40.21 billion current LCU | +2.1% |
Latvia compared with similar countries
- Latvia's 40.21 billion current LCU is below the median for high income countries, which is 220.22 billion current LCU, 18% of the median. (82 countries reporting)
- Latvia's 40.21 billion current LCU is below the median for Europe & Central Asia, which is 481.94 billion current LCU, 8% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (current 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 | +600.9% | 215.41 million current LCU | 1.51 billion current LCU |
| 1991 | +129.5% | 93.86 million current LCU | 215.41 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.28 billion current LCU | 93.86 million current LCU | 6.10 billion current LCU | 10 |
| 2000s | 13.47 billion current LCU | 6.70 billion current LCU | 23.35 billion current LCU | 10 |
| 2010s | 23.47 billion current LCU | 17.72 billion current LCU | 29.57 billion current LCU | 10 |
| 2020s | 35.44 billion current LCU | 29.22 billion current LCU | 40.21 billion current 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 40.21 billion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 40.21 billion current LCU in 2024.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 93.86 million current LCU in 1990.
- How does Latvia rank for gdp?
- Latvia ranks 161st out of 211 countries with data for 2024.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 76.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current 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