Name: Latvia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Full Year GDP Growth in Latvia increased to 2.10 percent in 2025 from -0.40 percent in 2024. Full Year GDP Growth in Latvia averaged 3.63 percent from 1996 until 2025, reaching an all time high of 12.80 percent in 2006 and a record low of -16.00 percent in 2009. source: Central Statistical Bureau of Latvia

Full Year GDP Growth in Latvia is expected to reach 1.50 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Full Year GDP Growth is projected to trend around 1.70 percent in 2027 and 2.00 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	2.10	-0.40	percent	Dec 2025
GDP	43.52	42.57	USD Billion	Dec 2024
GDP Growth Rate YoY	2.50	2.90	percent	Mar 2026
GDP Constant Prices	7669166.00	8366988.00	EUR Thousand	Mar 2026
GDP from Agriculture	197872.00	208582.00	EUR Thousand	Mar 2026
GDP from Construction	287891.00	430839.00	EUR Thousand	Mar 2026
GDP from Manufacturing	891822.00	867025.00	EUR Thousand	Mar 2026
GDP from Mining	219988.00	156741.00	EUR Thousand	Mar 2026
GDP from Public Administration	595218.00	708507.00	EUR Thousand	Mar 2026
GDP from Services	1130177.00	1443602.00	EUR Thousand	Mar 2026
GDP from Transport	335089.00	377430.00	EUR Thousand	Mar 2026
GDP Growth Rate	0.60	0.70	percent	Mar 2026
Gross Fixed Capital Formation	1534219.00	2150614.00	EUR Thousand	Mar 2026
Gross National Product	9638.00	11839.00	EUR Million	Mar 2026

Latvia Full Year GDP Growth

In Latvia, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP.