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GDP Latvia 2018

GDP grows 4.8% in Latvia

Gross Domestic Product of Latvia grew 4.8% in 2018 compared to last year. This rate is 2 -tenths of one percent higher than the figure of 4.6% published in 2017.

The GDP figure in 2018 was €29,524$30,325 million, Latvia is number 99 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Latvia rose €2,491$2,742 million with respect to 2017.

The GDP per capita of Latvia in 2018 was €15,300$15,550, €1,400$1,541 higher than in 2017, it was €13,900$14,009. 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 2008 when the GDP per capita in Latvia was €11,200$14,010.

If we order the countries according to their GDP per capita, Latvia is in 49th 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 2018
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2018Q47,670M.€6,720M.$1.2%5.6%
2018Q37,482M.€6,438M.$1.6%5.2%
2018Q27,283M.€6,027M.$1.2%4.6%
2018Q17,120M.€5,747M.$1.5%4.8%
< GDP Latvia 2017
Quaterly GDP Per Capita 2018
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
2018Q43,965€2.5%10.4%3,474$15.3%4.4%
2018Q33,868€2.7%10.5%3,328$11.7%6.8%
2018Q23,765€2.3%9.8%3,116$0.5%4.9%
2018Q13,681€2.5%10.0%2,971$-4.7%-1.4%
< GDP Latvia 2017
Evolution: Annual GDP Latvia
DateAnnual GDPAnnual GDPGDP Growth (%)
201829,524M.€4.8%
201727,033M.€30,325M.$4.6%
201625,038M.€27,583M.$2.1%
201524,320M.€26,986M.$3.0%
201423,618M.€31,385M.$1.9%
201322,829M.€30,260M.$2.4%
201222,058M.€28,141M.$4.0%
201120,202M.€28,496M.$6.4%
201017,789M.€23,809M.$-3.9%
200918,749M.€26,238M.$-14.4%
200824,355M.€35,763M.$-3.5%
200722,679M.€30,946M.$10.0%
200617,264M.€21,466M.$11.9%
200513,726M.€16,949M.$10.7%
200411,673M.€14,377M.$8.3%
200310,479M.€11,753M.$8.4%
200210,158M.€9,553M.$7.1%
20019,361M.€8,351M.$6.5%
20008,610M.€7,941M.$5.4%
19997,046M.€7,534M.$2.6%
19986,410M.€7,178M.$6.5%
19975,749M.€6,527M.$9.0%
19964,700M.€5,970M.$2.4%
19954,137M.€5,410M.$-0.9%
19943,407M.€4,532M.$2.2%
19932,048M.€2,728M.$-11.4%
19921,242M.€1,694M.$-32.1%
1991226M.€6,756M.$-12.6%
199098M.€7,447M.$
19897,690M.$
19886,827M.$
19875,716M.$
Evolution: GDP per capita Latvia
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
201815,300€10.1%
201713,900€15,550$8.6%11.0%
201612,800€14,009$4.1%3.1%
201512,300€13,588$4.2%-13.4%
201411,800€15,681$4.4%4.9%
201311,300€14,952$4.6%8.6%
201210,800€13,762$10.2%0.2%
20119,800€13,736$15.3%22.3%
20108,500€11,228$-3.4%-7.5%
20098,800€12,131$-21.4%-25.7%
200811,200€16,317$8.7%16.5%
200710,300€14,010$32.1%45.4%
20067,800€9,635$27.9%27.9%
20056,100€7,534$17.3%19.3%
20045,200€6,315$13.0%23.6%
20034,600€5,111$4.6%24.2%
20024,400€4,116$10.0%16.0%
20014,000€3,549$11.1%6.4%
20003,600€3,334$24.1%6.2%
19992,900€3,140$7.4%5.9%
19982,700€2,965$12.5%11.1%
19972,400€2,670$26.3%10.4%
19961,900€2,417$11.8%11.7%
19951,700€2,163$21.4%25.4%
19941,400€1,725$75.0%68.8%
1993800€1,022$60.0%61.5%
1992500€633$484.7%-75.2%
199186€2,556$130.9%-8.8%
199037€2,802$-2.8%
19892,882$12.6%
19882,561$18.3%
19872,164$
Evolution: GDP growth rate at constant prices Latvia
Evolution: GDP per capita Latvia
GDP Latvia