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.