GDP, PPP (constant 2011 international $) in Latvia
Latvia: GDP, PPP (constant 2011 international $) was 72.52 billion constant 2011 international $ in 2024. ▲ Rising
Latest (2024)
72.52 billion constant 2011 international $
Change on year
down 0.4%
World rank
106th
of 198 countries
All-time high
72.84 billion constant 2011 international $
in 2023
All-time low
26.29 billion constant 2011 international $
in 1993
Years of data
35
1990–2024
GDP, PPP in Latvia, 1990–2024
Source: UNESCO Institute for Statistics. Measured in constant 2011 international $.
Analysis
Latvia recorded 72.52 billion constant 2011 international $ for gdp, ppp in 2024.
The figure is down 0.4% on the previous year and up 24.4% over ten years.
Over the whole period, gdp, ppp in Latvia peaked at 72.84 billion constant 2011 international $ in 2023 and was at its lowest, 26.29 billion constant 2011 international $, in 1993.
That places Latvia 106th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
GDP, PPP (constant 2011 international $) in Latvia, year by year
| Year | constant 2011 international $ | Change |
|---|---|---|
| 1990 | 46.63 billion constant 2011 international $ | — |
| 1991 | 40.76 billion constant 2011 international $ | -12.6% |
| 1992 | 27.67 billion constant 2011 international $ | -32.1% |
| 1993 | 26.29 billion constant 2011 international $ | -5.0% |
| 1994 | 26.86 billion constant 2011 international $ | +2.2% |
| 1995 | 26.61 billion constant 2011 international $ | -0.9% |
| 1996 | 27.22 billion constant 2011 international $ | +2.3% |
| 1997 | 29.72 billion constant 2011 international $ | +9.2% |
| 1998 | 31.66 billion constant 2011 international $ | +6.6% |
| 1999 | 32.56 billion constant 2011 international $ | +2.8% |
| 2000 | 34.46 billion constant 2011 international $ | +5.8% |
| 2001 | 36.68 billion constant 2011 international $ | +6.5% |
| 2002 | 39.50 billion constant 2011 international $ | +7.7% |
| 2003 | 42.83 billion constant 2011 international $ | +8.4% |
| 2004 | 46.56 billion constant 2011 international $ | +8.7% |
| 2005 | 51.97 billion constant 2011 international $ | +11.6% |
| 2006 | 58.64 billion constant 2011 international $ | +12.8% |
| 2007 | 64.74 billion constant 2011 international $ | +10.4% |
| 2008 | 62.55 billion constant 2011 international $ | -3.4% |
| 2009 | 52.52 billion constant 2011 international $ | -16.0% |
| 2010 | 50.59 billion constant 2011 international $ | -3.7% |
| 2011 | 52.13 billion constant 2011 international $ | +3.0% |
| 2012 | 55.94 billion constant 2011 international $ | +7.3% |
| 2013 | 57.11 billion constant 2011 international $ | +2.1% |
| 2014 | 58.31 billion constant 2011 international $ | +2.1% |
| 2015 | 60.51 billion constant 2011 international $ | +3.8% |
| 2016 | 62.06 billion constant 2011 international $ | +2.6% |
| 2017 | 64.16 billion constant 2011 international $ | +3.4% |
| 2018 | 66.93 billion constant 2011 international $ | +4.3% |
| 2019 | 67.38 billion constant 2011 international $ | +0.7% |
| 2020 | 65.04 billion constant 2011 international $ | -3.5% |
| 2021 | 69.56 billion constant 2011 international $ | +6.9% |
| 2022 | 70.82 billion constant 2011 international $ | +1.8% |
| 2023 | 72.84 billion constant 2011 international $ | +2.9% |
| 2024 | 72.52 billion constant 2011 international $ | -0.4% |
Latvia compared with similar countries
- Latvia's 72.52 billion constant 2011 international $ is below the median for high income countries, which is 206.18 billion constant 2011 international $, 35% of the median. (74 countries reporting)
- Latvia's 72.52 billion constant 2011 international $ is below the median for Europe & Central Asia, which is 245.21 billion constant 2011 international $, 30% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where GDP, PPP (constant 2011 international $) 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 | -32.1% | 40.76 billion constant 2011 international $ | 27.67 billion constant 2011 international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.60 billion constant 2011 international $ | 26.29 billion constant 2011 international $ | 46.63 billion constant 2011 international $ | 10 |
| 2000s | 49.04 billion constant 2011 international $ | 34.46 billion constant 2011 international $ | 64.74 billion constant 2011 international $ | 10 |
| 2010s | 59.51 billion constant 2011 international $ | 50.59 billion constant 2011 international $ | 67.38 billion constant 2011 international $ | 10 |
| 2020s | 70.16 billion constant 2011 international $ | 65.04 billion constant 2011 international $ | 72.84 billion constant 2011 international $ | 5 |
Countries ranked near Latvia
- 103 Zambia 79.21 billion constant 2011 international $ compare
- 104 Macao 77.52 billion constant 2011 international $ compare
- 105 El Salvador 73.96 billion constant 2011 international $ compare
- 107 Honduras 71.30 billion constant 2011 international $ compare
- 108 Mali 71.25 billion constant 2011 international $ compare
- 109 Laos 66.91 billion constant 2011 international $ compare
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, ppp in Latvia?
- Gdp, ppp in Latvia was 72.52 billion constant 2011 international $ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp, ppp recorded in Latvia?
- The highest recorded value was 72.84 billion constant 2011 international $ in 2023.
- What is the lowest gdp, ppp recorded in Latvia?
- The lowest recorded value was 26.29 billion constant 2011 international $ in 1993.
- How does Latvia rank for gdp, ppp?
- Latvia ranks 106th out of 198 countries with data for 2024.
- Is gdp, ppp rising or falling in Latvia?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP, PPP (constant 2011 international $). 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