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GDP Latvia 2025

Latvia: GDP increases 2.1%

Gross Domestic Product of Latvia grew 2.1% in 2025 compared to last year. This rate is 21 -tenths of one percent higher than the figure of 0% published in 2024.

The GDP figure in 2025 was €43,026$48,619 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 €2,374$4,618 million with respect to 2024.

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.

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Quarterly GDP at market prices 2025
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2025Q4€11,055M$12,862M0.6%2.5%
2025Q3€10,795M$12,609M0.8%2.3%
2025Q2€10,645M$12,069M0.4%1.7%
2025Q1€10,480M$11,028M0.7%1.9%
< GDP Latvia 2024
Quaterly GDP Per Capita 2025
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
2025Q45,942K2.4%6.4%$6,91315.9%2.0%
2025Q35,802K1.4%7.7%$6,77714.5%4.5%
2025Q25,721K1.6%5.2%$6,48710.7%9.4%
2025Q15,633K0.9%5.9%$5,9272.6%-0.6%
< GDP Latvia 2024
Evolution: Annual GDP Latvia
DateAnnual GDPAnnual GDPGDP Growth (%)
2025€43,026M$48,619M2.1%
2024€40,652M$44,001M0%
2023€39,564M$42,780M-0.9%
2022€36,089M$38,003M1.9%
2021€32,284M$38,183M6.9%
2020€29,224M$33,380M-3.5%
2019€29,567M$33,100M0.7%
2018€28,153M$33,248M4.3%
2017€26,017M$29,391M3.4%
2016€24,498M$27,117M2.6%
2015€23,744M$26,345M3.8%
2014€22,791M$30,277M2.1%
2013€21,997M$29,148M2.1%
2012€21,271M$27,122M7.3%
2011€19,023M$26,805M3.0%
2010€17,572M$23,476M-3.7%
2009€18,407M$25,694M-16.0%
2008€23,355M$34,133M-3.4%
2007€21,592M$29,422M10.4%
2006€16,449M$20,435M12.8%
2005€13,227M$16,307M11.6%
2004€11,230M$13,827M8.7%
2003€10,029M$11,244M8.4%
2002€9,841M$9,249M7.7%
2001€9,182M$8,190M6.5%
2000€8,418M$7,762M5.8%
1999€6,851M$7,324M2.8%
1998€6,231M$6,974M6.6%
1997€5,594M$6,350M9.2%
1996€4,565M$5,799M2.3%
1995€4,008M$5,239M-0.9%
1994€3,407M$4,526M2.2%
1993€2,048M$2,643M-11.4%
1992€1,242M$1,641M-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
2025€23,410$26,1317.4%12.4%
2024€21,800$23,2433.7%2.8%
2023€21,030$22,6159.9%11.5%
2022€19,130$20,28211.7%0.5%
2021€17,130$20,18211.5%15.4%
2020€15,370$17,484-0.5%1.4%
2019€15,450$17,2425.7%0.3%
2018€14,620$17,1969.1%14.1%
2017€13,400$15,0667.2%9.4%
2016€12,500$13,7694.1%3.8%
2015€12,010$13,2665.1%-12.3%
2014€11,430$15,1314.6%5.0%
2013€10,930$14,4074.5%8.6%
2012€10,460$13,27113.2%2.6%
2011€9,240$12,93410.3%16.7%
2010€8,380$11,086-2.4%-6.9%
2009€8,590$11,910-19.9%-23.9%
2008€10,720$15,6479.3%17.3%
2007€9,810$13,33932.4%45.3%
2006€7,410$9,18025.4%26.5%
2005€5,910$7,26019.2%19.5%
2004€4,960$6,07513.2%24.2%
2003€4,380$4,8922.8%22.7%
2002€4,260$3,9888.4%14.6%
2001€3,930$3,48110.4%6.8%
2000€3,560$3,26024.0%6.8%
1999€2,870$3,05310.8%5.9%
1998€2,590$2,88212.6%11.0%
1997€2,300$2,59723.7%10.6%
1996€1,860$2,34815.5%12.0%
1995€1,610$2,09615.0%25.4%
1994€1,400$1,67175.0%68.7%
1993€800$99060.0%61.5%
1992€500$613484.7%-76.0%
1991€86$2,556130.9%-8.8%
1990€37$2,802-2.8%
1989$2,88212.5%
1988$2,56118.3%
1987$2,164
Evolution: GDP growth rate at constant prices Latvia
Evolution: GDP per capita Latvia
GDP Latvia