The Gross Domestic Product (GDP) in Latvia was worth 34.12 billion US dollars in 2019, according to official data from the World Bank. The GDP value of Latvia represents 0.03 percent of the world economy.

GDP in Latvia averaged 16.98 USD Billion from 1987 until 2019, reaching an all time high of 35.66 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 August of 2020. source: World Bank

GDP in Latvia is expected to reach 28.20 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 31.00 USD Billion in 2021 and 33.50 USD Billion in 2022, according to our econometric models.

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Latvia GDP

Actual Previous Highest Lowest Dates Unit Frequency
34.12 34.31 35.66 4.50 1987 - 2019 USD Billion Yearly
Current USD

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -7.50 -2.90 6.50 -7.50 percent [+]
GDP Annual Growth Rate -9.80 -1.50 15.10 -15.60 percent [+]
GDP 34.12 34.31 35.66 4.50 USD Billion [+]
GDP Constant Prices 5974893.00 7326935.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 6990.00 7817.00 7818.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 1378555.00 2058635.00 2422885.00 92703.00 EUR Thousand [+]
GDP per capita 16697.69 16216.70 16697.69 5140.98 USD [+]
GDP per capita PPP 30830.10 29942.00 30830.10 7796.00 USD [+]
GDP From Agriculture 169757.00 166338.00 306211.00 82079.00 EUR Thousand [+]
GDP From Construction 273389.00 493678.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 662374.00 750119.00 768025.00 362912.00 EUR Thousand [+]
GDP From Mining 223650.00 215494.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 351751.00 623143.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 735696.00 951880.00 978914.00 187991.00 EUR Thousand [+]
GDP From Transport 467213.00 548677.00 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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