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Latvia GDP: $44bn

GROSS DOMESTIC PRODUCT (CURRENT MARKET PRICES)

Latvia GDP Forecast: 43bn in 2024, $44bn projected for 2025 (Current Market Prices).

Looking ahead to 2030, projections suggest Latvia's GDP estimate could be $48bn.

The economy of Latvia is estimated to grow by an average compound annual growth rate of 2.0%.

See the full country report for Latvia

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Current GDP (US$):


Source: World Bank, World Economics
Notes: Current Market Prices
0 0 0 Latvia|#FE1800|5608208784.9401, 5799465288.41246, 6349481006.53278, 6974112951.26891, 7324192889.74297, 7761252607.18424, 8190888739.6463, 9249030241.01864, 11244337719.8377, 13827070378.5612, 16306935905.4138, 20434922247.3037, 29420499247.7089, 34135200994.0067, 25691530442.035, 23468324572.3343, 26575547900.8247, 27116149948.6683, 29152128167.8438, 30277203767.4058, 26344565876.8902, 27117105059.5075, 29391059767.4259, 33247935477.3576, 33099503950.847, 33379927434.6149, 38185125732.9451, 38018905782.397, 42247850064.5125, 42739615039.2634 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024,



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Key Indicators for Latvia

Comprehensive economic data including GDP, growth rates, debt levels, and population figures

Indicator Value Year See more
GDP Data Quality Rating    A 2025 View
Population Data Quality Rating    A 2025 View
Governance Rating    A 2025 View
       
GDP (PPP)
Base Year Adjusted + Informal Economy		 $85bn 2025 View
GDP (Current / Nominal Prices) $44bn 2025 View
GDP (Constant Prices / Real) $32bn 2025 View
GDP Growth Rate 2.3% 2025 View
GDP Debt to GDP Ratio 40.1% 2025 View
       
GDP per Capita (PPP)
Base Year Adjusted + Informal Economy		 $45,971 2025 View
GDP per Capita (Current / Nominal) $23,659 2025 View
GDP per Capita (Constant / Real) $17,562 2025 View
GDP per Capita Growth Rate 3.4% 2025 View
       
Population Size 1.87 million 2025 View
Fertility Rate 1.1% 2025 View
Workforce Size 0.82 million 2025 View
       
Carbon Emissions (per Capita) 3.46 tCO2e 2023 View
Methane Emissions (per Capita) 1.18 tCO2e 2023 View
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LATVIA'S ECONOMICS
LATVIA'S DEMOGRAPHY
LATVIA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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