The Gross Domestic Product (GDP) in Latvia was worth 30.26 billion US dollars in 2017. The GDP value of Latvia represents 0.05 percent of the world economy. GDP in Latvia averaged 15.85 USD Billion from 1987 until 2017, reaching an all time high of 35.60 USD Billion in 2008 and a record low of 4.50 USD Billion in 1993.

GDP in Latvia is expected to be 40.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 48.00 USD Billion in 2020, according to our econometric models.

Latvia GDP
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Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 1.20 6.40 -6.10 percent [+]
GDP Annual Growth Rate 4.70 5.30 13.90 -16.20 percent [+]
GDP 30.26 27.57 35.60 4.50 USD Billion [+]
GDP Constant Prices 6208804.00 6003048.00 6208804.00 2207929.00 EUR Thousand [+]
Gross National Product 7746.00 7150.00 7746.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1876256.00 1580015.00 2402613.00 95826.00 EUR Thousand [+]
GDP per capita 15553.33 14733.84 15553.33 5140.53 USD [+]
GDP per capita PPP 25063.85 23743.26 25063.85 7796.00 USD [+]
GDP From Agriculture 264587.00 266509.00 287649.00 75089.00 EUR Thousand [+]
GDP From Construction 461111.00 360231.00 631870.00 92342.00 EUR Thousand [+]
GDP From Manufacturing 679952.00 711150.00 711150.00 333666.00 EUR Thousand [+]
GDP From Mining 171175.00 171173.00 253926.00 96547.00 EUR Thousand [+]
GDP From Public Administration 331071.00 340379.00 559872.00 182541.00 EUR Thousand [+]
GDP From Services 911012.00 814949.00 911012.00 181772.00 EUR Thousand [+]
GDP From Transport 634176.00 554678.00 634176.00 228683.00 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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
30.26 27.57 35.60 4.50 1987 - 2017 USD Billion Yearly
Current USD




Country Last Previous
United States 19390.60 Dec/17
Euro Area 12589.50 Dec/17
China 12237.70 Dec/17
Japan 4872.14 Dec/17
Germany 3677.44 Dec/17
United Kingdom 2622.43 Dec/17
India 2597.49 Dec/17
France 2582.50 Dec/17
Brazil 2055.51 Dec/17
Italy 1934.80 Dec/17
Canada 1653.04 Dec/17
Russia 1577.52 Dec/17
South Korea 1530.75 Dec/17
Australia 1323.42 Dec/17
Spain 1311.32 Dec/17
Mexico 1149.92 Dec/17
Indonesia 1015.54 Dec/17
Turkey 851.10 Dec/17
Netherlands 826.20 Dec/17
Saudi Arabia 683.83 Dec/17
Switzerland 678.89 Dec/17
Argentina 637.59 Dec/17
South Africa 349.42 Dec/17
Singapore 323.91 Dec/17


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