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 2.00 percent in 2027, 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	2.90	2.60	percent	Dec 2025
GDP Constant Prices	8366988.00	8488641.00	EUR Thousand	Dec 2025
GDP from Agriculture	208582.00	306692.00	EUR Thousand	Dec 2025
GDP from Construction	430839.00	437048.00	EUR Thousand	Dec 2025
GDP from Manufacturing	867025.00	890038.00	EUR Thousand	Dec 2025
GDP from Mining	156741.00	154268.00	EUR Thousand	Dec 2025
GDP from Public Administration	1381577.00	631730.00	EUR Thousand	Dec 2025
GDP from Services	1443602.00	1482212.00	EUR Thousand	Dec 2025
GDP from Transport	377430.00	436541.00	EUR Thousand	Dec 2025
GDP Growth Rate	0.60	0.80	percent	Dec 2025
Gross Fixed Capital Formation	2150599.00	2194043.00	EUR Thousand	Dec 2025
Gross National Product	11042.00	10540.00	EUR Million	Sep 2025

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.