GDP growth (annual %) (UNESCO Institute) in Latvia
Latvia: GDP growth (annual %) (UNESCO Institute) was -0.4% in 2024. ◆ Volatile
Latest (2024)
-0.4%
Change on year
down 115.5%
World rank
191st
of 212 countries
All-time high
12.8%
in 2006
All-time low
-32.1%
in 1992
Years of data
34
1991–2024
GDP growth in Latvia, 1991–2024
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 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 growth (annual %) (UNESCO Institute) in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | -12.6% | — |
| 1992 | -32.1% | +155.0% |
| 1993 | -5.0% | -84.5% |
| 1994 | 2.2% | -143.9% |
| 1995 | -0.9% | -143.1% |
| 1996 | 2.3% | -343.4% |
| 1997 | 9.2% | +298.8% |
| 1998 | 6.5% | -28.6% |
| 1999 | 2.8% | -57.0% |
| 2000 | 5.8% | +107.2% |
| 2001 | 6.5% | +10.6% |
| 2002 | 7.7% | +18.7% |
| 2003 | 8.4% | +10.0% |
| 2004 | 8.7% | +3.5% |
| 2005 | 11.6% | +33.1% |
| 2006 | 12.8% | +10.4% |
| 2007 | 10.4% | -18.8% |
| 2008 | -3.4% | -132.5% |
| 2009 | -16.0% | +373.3% |
| 2010 | -3.7% | -77.2% |
| 2011 | 3.0% | -182.9% |
| 2012 | 7.3% | +140.6% |
| 2013 | 2.1% | -71.3% |
| 2014 | 2.1% | -0.1% |
| 2015 | 3.8% | +80.6% |
| 2016 | 2.6% | -32.6% |
| 2017 | 3.4% | +33.2% |
| 2018 | 4.3% | +26.8% |
| 2019 | 0.7% | -84.3% |
| 2020 | -3.5% | -613.7% |
| 2021 | 6.9% | -300.1% |
| 2022 | 1.8% | -74.0% |
| 2023 | 2.9% | +58.0% |
| 2024 | -0.4% | -115.5% |
Latvia compared with similar countries
- Latvia's -0.4% is below the median for high income countries, which is 2.3%. (83 countries reporting)
- Latvia's -0.4% is below the median for Europe & Central Asia, which is 2.3%. (55 countries reporting)
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 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 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 191st out of 212 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 · JSON — 34 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release