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.