Gross Domestic Product of Latvia fell -14.3% in 2009 compared to last year. This rate is 111 -tenths of one percent less than the previous year, when changed -3.2%.
The GDP figure in 2009 was €18,922$26,413 million, Latvia is number 95 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Latvia dropped €5,610$9,439 million with respect to 2008.
The GDP per capita of Latvia in 2009 was €8,830$12,243, €2,430$4,192 less than in 2008, when it was €11,260$16,435. 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 1999 when the GDP per capita in Latvia was €2,950$3,141.
If we order the countries according to their GDP per capita, Latvia is in 54th 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.