The Gross Domestic Product (GDP) in Latvia was worth 48.62 billion US dollars in 2025, according to official data from the World Bank. The GDP value of Latvia represents 0.04 percent of the world economy. source: World Bank
GDP in Latvia averaged 20.20 USD Billion from 1987 until 2025, reaching an all time high of 48.62 USD Billion in 2025 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 July of 2026.
GDP in Latvia is expected to reach 49.35 USD Billion by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 50.19 USD Billion in 2027 and 51.19 USD Billion in 2028, according to our econometric models.