Gross Domestic Product of Latvia grew 10.7% in 2005 compared to last year. This rate is 24 -tenths of one percent higher than the figure of 8.3% published in 2004.
The GDP figure in 2005 was €13,792$17,003 million, Latvia is number 92 in the ranking of GDP of the 195 countries that we publish. The absolute value of GDP in Latvia rose €2,068$2,567 million with respect to 2004.
The GDP per capita of Latvia in 2005 was €6,160$7,570, €980$1,227 higher than in 2004, it was €5,180$6,343. 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 1995 when the GDP per capita in Latvia was €1,660$2,164.
If we order the countries according to their GDP per capita, Latvia is in 60th position of the 195 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.