The Gross Domestic Product (GDP) in Latvia was worth 33.51 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Latvia represents 0.03 percent of the world economy. source: World Bank

GDP in Latvia averaged 21.58 USD Billion from 1987 until 2020, reaching an all time high of 50.87 USD Billion in 2008 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 December of 2021.

GDP in Latvia is expected to reach 31.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 33.50 USD Billion in 2022, according to our econometric models.

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Latvia GDP


Related Last Previous Unit Reference
GDP 33.51 34.06 USD Billion Dec/20
GDP per capita 15487.93 15967.20 USD Dec/20
GDP per capita PPP 29932.49 30858.75 USD Dec/20
GDP From Transport 617325.00 498011.00 EUR Thousand Sep/21
GDP From Services 1135766.00 948518.00 EUR Thousand Sep/21
GDP From Public Administration 457135.00 470778.00 EUR Thousand Sep/21
GDP From Mining 143624.00 154471.00 EUR Thousand Sep/21
GDP From Manufacturing 870577.00 845421.00 EUR Thousand Sep/21
GDP From Construction 472261.00 373822.00 EUR Thousand Sep/21
GDP From Agriculture 309023.00 278766.00 EUR Thousand Sep/21
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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