Gross Domestic Product of Latvia grew 0.6% in the second quarter of 2016 compared to the previous quarter. This rate is 7-tenths of one percent higher than the figure of -0.1% published in the first quarter of 2016.
The year-on-year change in GDP was 0.8%, 4-tenths of one percent less than the 1.2% recorded in the first quarter of 2016.
The GDP figure in the second quarter of 2016 was €6,203$6,990 million, Latvia is number 44 in the ranking of quarterly GDP of the 48 countries that we publish.
Latvia has a quarterly GDP per capita, of €3,123$3,123, €55 $55 higher than the same quarter last year, it was .
If we order the countries according to their GDP per capita, Latvia is in 33th position. According to this parameter, its population has a low level of affluence compare to the 48 countries whose quarterly GDP we publish.