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 48.62 44.00 USD Billion Dec 2025
GDP Growth Rate YoY 3.00 2.50 percent Jun 2026
GDP Constant Prices 8131663.00 7669166.00 EUR Thousand Jun 2026
GDP from Agriculture 273406.00 197872.00 EUR Thousand Jun 2026
GDP from Construction 389250.00 287891.00 EUR Thousand Jun 2026
GDP from Manufacturing 915190.00 891822.00 EUR Thousand Jun 2026
GDP from Mining 140645.00 219988.00 EUR Thousand Jun 2026
GDP from Public Administration 646712.00 595218.00 EUR Thousand Jun 2026
GDP from Services 1343905.00 1130177.00 EUR Thousand Jun 2026
GDP from Transport 352004.00 335089.00 EUR Thousand Jun 2026
GDP Growth Rate 0.70 0.60 percent Jun 2026
Gross Fixed Capital Formation 2023957.00 1534219.00 EUR Thousand Jun 2026
Gross National Product 11249.00 9678.00 EUR Million Jun 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.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 -0.40 12.80 -16.00 1996 - 2025 percent Yearly
NSA