Gross Domestic Product of Latvia fell 6.5 in the second quarter of 2020 compared to the previous quarter. This rate is 36 -tenths of one percent less than in the previous quarter, when changed -2.9%.
The year-on-year change in GDP was -8.6%, 71 -tenths of one percent less than the -1.5% recorded in the first quarter of 2020.
The GDP figure in the second quarter of 2020 was €6,894$6,260 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 €3,614$3,614, less than the same period last year, when it was €3,963 $3,963 .
If we order the countries according to their GDP per capita, Latvia is in 35th 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.