GDP growth in Latvia
Latvia: GDP growth was -0.4% in 2024. β Volatile
Latest (2024)
-0.4%
Change on year
down 115.5%
World rank
188th
of 209 countries
All-time high
12.8%
in 2006
All-time low
-32.1%
in 1992
Years of data
34
1991β2024
GDP growth in Latvia, 1991β2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
Latvia recorded -0.4% for gdp growth in 2024.
The figure is down 115.5% on the previous year and down 121.1% over ten years.
Over the whole period, gdp growth in Latvia peaked at 12.8% in 2006 and was at its lowest, -32.1%, in 1992.
That places Latvia 188th out of 209 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.1% | -32.1% | 9.2% | 9 |
| 2000s | 5.3% | -16.0% | 12.8% | 10 |
| 2010s | 2.6% | -3.7% | 7.3% | 10 |
| 2020s | 1.5% | -3.5% | 6.9% | 5 |
Countries ranked near Latvia
More population data for Latvia
- Population growth rate by level of development -1.03 (2100)
- Projected population under age 5 31,860 (2100)
- Population density 14.87 (2100)
- Population growth rate -1.03 (2100)
- Fertility and wanted fertility 1.24 (2024)
- Refugee population by country or territory of asylum 49,220 (2024)
- Fertility vs unmet contraception 1.24 (2024)
- Fertility vs contraception 1.24 (2024)
- Natural population growth -0.71 (2023)
- Fertility rate with projections 1.34 (2023)
Frequently asked questions
- What is gdp growth in Latvia?
- Gdp growth in Latvia was -0.4% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Latvia?
- The highest recorded value was 12.8% in 2006.
- What is the lowest gdp growth recorded in Latvia?
- The lowest recorded value was -32.1% in 1992.
- How does Latvia rank for gdp growth?
- Latvia ranks 188th out of 209 countries with data for 2024.
- Is gdp growth 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 UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 34 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release