The Gross Domestic Product (GDP) in Latvia was worth 35.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Latvia represents 0.03 percent of the world economy.

GDP in Latvia averaged 17.04 USD Billion from 1987 until 2019, reaching an all time high of 35.80 USD Billion in 2019 and a record low of 4.50 USD Billion in 1993. This page provides the latest reported value for - Latvia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia GDP - values, historical data and charts - was last updated on May of 2020. source: World Bank

GDP in Latvia is expected to reach 38.20 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 40.50 USD Billion in 2021 and 44.00 USD Billion in 2022, according to our econometric models.

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Latvia GDP

Actual Previous Highest Lowest Dates Unit Frequency
35.80 34.85 35.80 4.50 1987 - 2019 USD Billion Yearly
Current USD

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.90 0.10 6.50 -5.70 percent [+]
GDP Annual Growth Rate -1.40 1.00 15.10 -15.60 percent [+]
GDP 35.80 34.85 35.80 4.50 USD Billion [+]
GDP Constant Prices 7326935.00 7200620.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 7868.00 7818.00 7868.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 2059563.00 1990502.00 2422885.00 92703.00 EUR Thousand [+]
GDP per capita 16405.70 15532.20 16405.70 5140.53 USD [+]
GDP per capita PPP 26437.43 25029.79 26437.43 7796.00 USD [+]
GDP From Agriculture 166338.00 306211.00 306211.00 82079.00 EUR Thousand [+]
GDP From Construction 493678.00 525104.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 750119.00 756393.00 768025.00 362912.00 EUR Thousand [+]
GDP From Mining 215494.00 178897.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 623143.00 440350.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 951880.00 978914.00 978914.00 187991.00 EUR Thousand [+]
GDP From Transport 548677.00 603889.00 639412.00 233137.00 EUR Thousand [+]


Latvia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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