GDP per capita in Latvia

Latvia: GDP per capita was 23,368 current US$ in 2024. β—† Volatile

Latest (2024)
23,368 current US$
Change on year
up 3.1%
World rank
66th
of 208 countries
All-time high
23,368 current US$
in 2024
All-time low
2,257 current US$
in 1995
Years of data
30
1995–2024

GDP per capita in Latvia, 1995–2024

05.0k10.0k15.0k20.0k25.0k1995200920241995: 2.3k current US$1996: 2.4k current US$1997: 2.6k current US$1998: 2.9k current US$1999: 3.1k current US$2000: 3.3k current US$2001: 3.5k current US$2002: 4.0k current US$2003: 4.9k current US$2004: 6.1k current US$2005: 7.3k current US$2006: 9.2k current US$2007: 13.4k current US$2008: 15.7k current US$2009: 12.0k current US$2010: 11.2k current US$2011: 12.9k current US$2012: 13.3k current US$2013: 14.5k current US$2014: 15.2k current US$2015: 13.3k current US$2016: 13.8k current US$2017: 15.1k current US$2018: 17.3k current US$2019: 17.3k current US$2020: 17.6k current US$2021: 20.3k current US$2022: 20.2k current US$2023: 22.7k current US$2024: 23.4k current US$

Source: UNESCO Institute for Statistics. Measured in current US$.

Analysis

The most recent figure for gdp per capita in Latvia is 23,368 current US$, measured in 2024. That is the highest value across all 30 years on record.

Compared with earlier readings it is up 3.1% on the previous year and up 53.9% over ten years.

Over the whole period, gdp per capita in Latvia peaked at 23,368 current US$ in 2024 and was at its lowest, 2,257 current US$, in 1995.

That places Latvia 66th out of 208 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.

Averages by decade

DecadeAverage LowestHighest Years
1990s 2,637 current US$ 2,257 current US$ 3,064 current US$ 5
2000s 7,935 current US$ 3,278 current US$ 15,678 current US$ 10
2010s 14,393 current US$ 11,188 current US$ 17,295 current US$ 10
2020s 20,819 current US$ 17,564 current US$ 23,368 current US$ 5

Countries ranked near Latvia

  1. 63 Uruguay 23,906 current US$ compare
  2. 64 Northern Mariana Islands 23,786 current US$ compare
  3. 65 Antigua and Barbuda 23,726 current US$ compare
  4. 67 Hungary 23,311 current US$ compare
  5. 68 French Polynesia 22,774 current US$ compare
  6. 69 Saint Kitts and Nevis 22,771 current US$ compare

See the full ranking of 211 places β†’

More population data for Latvia

All data for Latvia β†’

Frequently asked questions

What is gdp per capita in Latvia?
Gdp per capita in Latvia was 23,368 current US$ in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp per capita recorded in Latvia?
The highest recorded value was 23,368 current US$ in 2024.
What is the lowest gdp per capita recorded in Latvia?
The lowest recorded value was 2,257 current US$ in 1995.
How does Latvia rank for gdp per capita?
Latvia ranks 66th out of 208 countries with data for 2024.
Is gdp per capita rising or falling in Latvia?
Over the last ten years it is up 53.9%. 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 per capita (current US$). Statizoid updates them automatically from the source API.

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GDP per capita in Latvia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-per-capita-current-us-2/latvia/

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About this data

Indicator
GDP per capita (current US$)
Unit
current US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,315 data points, 1970–2024
Last refreshed

February 2026 Data Release