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GDP Latvia 2023

GDP in Latvia falls 0.3

Gross Domestic Product of Latvia fell -0.3% in 2023 compared to last year. This rate is 33 -tenths of one percent less than the previous year, when changed 3%.

The GDP figure in 2023 was €40,310$41,167 million, Latvia is number 97 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Latvia rose €1,924$1,381 million with respect to 2022.

The GDP per capita of Latvia in 2023 was €21,420$21,947, €1,070$932 higher than in 2022, it was €20,350$21,015. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Latvia was €11,320$13,787.

If we order the countries according to their GDP per capita, Latvia is in 47th position of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Latvia. You can see GDP in other countries in GDP and see all the economic information about Latvia in Latvia's economy.

Quarterly GDP at market prices 2023
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2023Q4€10,200M$10,885M0.8%0.4%
2023Q3€10,054M$10,995M0.1%0.2%
2023Q2€10,026M$11,022M-0.3%-0.5%
2023Q1€10,048M$10,891M-0.2%-0.2%
< GDP Latvia 2022
Quaterly GDP Per Capita 2023
DateQu. GDP Per CapitaQu. GDP P.C. Qu. GrowthQu. GDP P.C. An. GrowthQu. GDP Per Capita $Qu. GDP P.C. An. GrowthQu. GDP P.C. Qu. Growth
2023Q45,377K0.2%0.8%$5,7816.2%-1.0%
2023Q35,365K-0.2%1.8%$5,83910.0%-0.3%
2023Q25,377K-0.3%5.2%$5,8547.6%1.2%
2023Q15,391K1.1%9.9%$5,7845.1%6.3%
< GDP Latvia 2022
Evolution: Annual GDP Latvia
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€40,310M-0.3%
2022€38,386M$41,167M3.0%
2021€33,349M$39,786M6.7%
2020€30,110M$34,541M-3.5%
2019€30,573M$34,348M0.6%
2018€29,154M$34,445M4.0%
2017€26,984M$30,473M3.3%
2016€25,371M$28,076M2.4%
2015€24,572M$27,266M3.9%
2014€23,626M$31,395M1.9%
2013€22,791M$30,210M2.0%
2012€22,098M$28,191M7.0%
2011€19,666M$27,740M2.6%
2010€17,938M$23,998M-4.5%
2009€18,922M$26,480M-14.3%
2008€24,532M$36,023M-3.2%
2007€22,792M$31,100M9.9%
2006€17,363M$21,589M12.0%
2005€13,792M$17,030M10.7%
2004€11,724M$14,440M8.3%
2003€10,500M$11,777M8.4%
2002€10,169M$9,564M7.1%
2001€9,374M$8,363M6.3%
2000€8,632M$7,963M5.7%
1999€7,047M$7,535M2.8%
1998€6,402M$7,169M6.3%
1997€5,751M$6,529M8.8%
1996€4,704M$5,975M2.6%
1995€4,137M$5,411M-0.9%
1994€3,407M$4,533M2.2%
1993€2,048M$2,728M-11.4%
1992€1,242M$1,694M-32.1%
1991€226M$6,756M-12.6%
1990€98M$7,447M
1989$7,690M
1988$6,827M
1987$5,716M
Evolution: GDP per capita Latvia
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€21,4205.3%
2022€20,350$21,94716.4%4.4%
2021€17,710$21,01511.8%16.1%
2020€15,840$18,106-0.9%1.2%
2019€15,980$17,8905.6%0.5%
2018€15,130$17,8078.9%14.0%
2017€13,900$15,6267.3%9.6%
2016€12,950$14,2594.2%3.9%
2015€12,430$13,7284.9%-12.5%
2014€11,850$15,6864.7%5.1%
2013€11,320$14,9274.1%8.3%
2012€10,870$13,78713.8%3.1%
2011€9,550$13,37111.7%18.2%
2010€8,550$11,317-3.2%-7.6%
2009€8,830$12,243-21.6%-25.5%
2008€11,260$16,4358.8%16.7%
2007€10,350$14,08032.2%45.3%
2006€7,830$9,69027.1%28.0%
2005€6,160$7,57018.9%19.3%
2004€5,180$6,34312.9%23.8%
2003€4,590$5,1224.3%24.3%
2002€4,400$4,1219.7%16.0%
2001€4,010$3,5549.9%6.3%
2000€3,650$3,34323.7%6.5%
1999€2,950$3,14110.9%6.0%
1998€2,660$2,96212.7%10.9%
1997€2,360$2,67023.6%10.4%
1996€1,910$2,42015.1%11.8%
1995€1,660$2,16418.6%25.4%
1994€1,400$1,72575.0%68.7%
1993€800$1,02260.0%61.5%
1992€500$633484.7%-75.2%
1991€86$2,556130.9%-8.8%
1990€37$2,802-2.8%
1989$2,88212.6%
1988$2,56118.3%
1987$2,164
Evolution: GDP growth rate at constant prices Latvia
Evolution: GDP per capita Latvia
GDP Latvia