Gross Domestic Product of Latvia fell -0.4% in 2024 compared to last year. This rate is 33 -tenths of one percent less than the previous year, when changed 2.9%.
The GDP figure in 2024 was €40,208$43,521 million, Latvia is number 98 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Latvia rose €836$949 million with respect to 2023.
The GDP per capita of Latvia in 2024 was €21,610$23,250, €680$74 higher than in 2023, it was €20,930$23,176. 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 2014 when the GDP per capita in Latvia was €11,430$15,686.
If we order the countries according to their GDP per capita, Latvia is in 52th 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.