Gross Domestic Product of Latvia grew 7.1% in the third quarter of 2020 compared to the previous quarter. This rate is 142 -tenths of one percent higher than the figure of -7.1% published in the second quarter of 2020.
The year-on-year change in GDP was -2.6%, 60 -tenths of one percent more than the -8.6% recorded in the second quarter of 2020.
The GDP figure in the third quarter of 2020 was €7,411$6,340 million, Latvia is number 46 in the ranking of quarterly GDP of the 50 countries that we publish.
Latvia has a quarterly GDP per capita, of €3,885$3,885, less than the same period last year, when it was €3,985 $3,985 .
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 50 countries whose quarterly 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.