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GDP Latvia third quarter of 2023

GDP rises 2% in Latvia in third quarter

Gross Domestic Product of Latvia grew 0.2% in the third quarter of 2023 compared to the previous quarter. This rate is 5 -tenths of one percent higher than the figure of -0.3% published in the second quarter of 2023.

The year-on-year change in GDP was 0%, 8 -tenths of one percent more than the -0.8% recorded in the second quarter of 2023.

The GDP figure in the third quarter of 2023 was €10,102$11,067 million, Latvia is number 47 in the ranking of quarterly GDP of the 53 countries that we publish.

Latvia has a quarterly GDP per capita, of €5,400$5,400, €132 $132 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 53 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.

Quarterly GDP at market prices 2023
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2023Q3€10,102M$11,067M0.2%0%
2023Q2€10,124M$11,038M-0.3%-0.8%
2023Q1€10,150M$10,892M-0.5%-0.4%
< 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
2023Q35,400K0.3%2.5%$5,87710.8%0.3%
2023Q25,384K-0.1%5.3%$5,8627.7%1.3%
2023Q15,391K1.1%9.9%$5,7845.1%6.3%
< GDP Latvia 2022
Evolution: Annual GDP Latvia
DateAnnual GDPAnnual GDPGDP Growth (%)
2022€38,870M$42,225M3.4%
2021€33,349M$39,752M6.7%
2020€30,110M$34,574M-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
2022€20,610$22,42416.4%6.8%
2021€17,710$20,99711.8%15.9%
2020€15,840$18,124-0.9%1.3%
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%68.8%
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