Latvia's economy contracted by 3.6 percent in 2020, the most in a decade, as the COVID-19 crisis weighed on global activity and demand. source: Central Statistical Bureau of Latvia

Full Year GDP Growth in Latvia averaged 3.72 percent from 1996 until 2020, reaching an all time high of 12 percent in 2006 and a record low of -14.20 percent in 2009. This page includes a chart with historical data for Latvia Full Year GDP Growth. Latvia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Latvia Full Year GDP Growth



Related Last Previous Unit Reference
GDP Growth Rate 2.10 -0.10 percent Mar 2022
GDP Annual Growth Rate 5.90 3.50 percent Mar 2022
GDP 33.51 34.06 USD Billion Dec 2020

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
-3.60 2.50 12.00 -14.20 1996 - 2020 percent Yearly
NSA