GDP (current US$) (UNESCO Institute) in Latvia
Latvia: GDP (current US$) (UNESCO Institute) was 43.52 billion current US$ in 2024. ◆ Volatile
Latest (2024)
43.52 billion current US$
Change on year
up 2.2%
World rank
102nd
of 211 countries
All-time high
43.52 billion current US$
in 2024
All-time low
5.61 billion current US$
in 1995
Years of data
30
1995–2024
GDP in Latvia, 1995–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
Latvia recorded 43.52 billion current US$ for gdp in 2024. That is the highest value across all 30 years on record.
That represents a change of up 2.2% on the previous year and up 43.7% over ten years.
Over the whole period, gdp in Latvia peaked at 43.52 billion current US$ in 2024 and was at its lowest, 5.61 billion current US$, in 1995.
That places Latvia 102nd out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 5.61 billion current US$ | — |
| 1996 | 5.80 billion current US$ | +3.4% |
| 1997 | 6.35 billion current US$ | +9.5% |
| 1998 | 6.97 billion current US$ | +9.8% |
| 1999 | 7.32 billion current US$ | +5.0% |
| 2000 | 7.76 billion current US$ | +6.0% |
| 2001 | 8.19 billion current US$ | +5.5% |
| 2002 | 9.25 billion current US$ | +12.9% |
| 2003 | 11.24 billion current US$ | +21.6% |
| 2004 | 13.83 billion current US$ | +23.0% |
| 2005 | 16.31 billion current US$ | +17.9% |
| 2006 | 20.43 billion current US$ | +25.3% |
| 2007 | 29.42 billion current US$ | +44.0% |
| 2008 | 34.14 billion current US$ | +16.0% |
| 2009 | 25.69 billion current US$ | -24.7% |
| 2010 | 23.47 billion current US$ | -8.7% |
| 2011 | 26.58 billion current US$ | +13.2% |
| 2012 | 27.12 billion current US$ | +2.0% |
| 2013 | 29.15 billion current US$ | +7.5% |
| 2014 | 30.28 billion current US$ | +3.9% |
| 2015 | 26.34 billion current US$ | -13.0% |
| 2016 | 27.12 billion current US$ | +2.9% |
| 2017 | 29.39 billion current US$ | +8.4% |
| 2018 | 33.25 billion current US$ | +13.1% |
| 2019 | 33.10 billion current US$ | -0.4% |
| 2020 | 33.38 billion current US$ | +0.8% |
| 2021 | 38.18 billion current US$ | +14.4% |
| 2022 | 38.01 billion current US$ | -0.4% |
| 2023 | 42.57 billion current US$ | +12.0% |
| 2024 | 43.52 billion current US$ | +2.2% |
Latvia compared with similar countries
- Latvia's 43.52 billion current US$ is below the median for high income countries, which is 92.86 billion current US$, 47% of the median. (82 countries reporting)
- Latvia's 43.52 billion current US$ is below the median for Europe & Central Asia, which is 93.20 billion current US$, 47% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.41 billion current US$ | 5.61 billion current US$ | 7.32 billion current US$ | 5 |
| 2000s | 17.63 billion current US$ | 7.76 billion current US$ | 34.14 billion current US$ | 10 |
| 2010s | 28.58 billion current US$ | 23.47 billion current US$ | 33.25 billion current US$ | 10 |
| 2020s | 39.13 billion current US$ | 33.38 billion current US$ | 43.52 billion current US$ | 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 43.52 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Latvia?
- The highest recorded value was 43.52 billion current US$ in 2024.
- What is the lowest gdp recorded in Latvia?
- The lowest recorded value was 5.61 billion current US$ in 1995.
- How does Latvia rank for gdp?
- Latvia ranks 102nd out of 211 countries with data for 2024.
- Is gdp rising or falling in Latvia?
- Over the last ten years it is up 43.7%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release