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 July 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

Actual Previous Highest Lowest Dates Unit Frequency
33.51 34.06 50.87 4.50 1987 - 2020 USD Billion Yearly
Current USD

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.70 1.10 6.90 -7.00 percent [+]
GDP Annual Growth Rate -1.30 -1.50 15.10 -15.60 percent [+]
GDP 33.51 34.06 50.87 4.50 USD Billion [+]
GDP Constant Prices 5927191.00 7225447.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 6609.00 8171.00 8171.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 1280864.00 2043946.00 2422885.00 92703.00 EUR Thousand [+]
GDP per capita 23060.68 23774.28 23774.28 5159.35 USD [+]
GDP per capita PPP 29932.49 30858.75 30858.75 7796.00 USD [+]
GDP From Agriculture 159856.00 173240.00 315956.00 82079.00 EUR Thousand [+]
GDP From Construction 235846.00 473007.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 699195.00 824005.00 824005.00 362912.00 EUR Thousand [+]
GDP From Mining 188700.00 174470.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 359620.00 631746.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 764712.00 1003126.00 1044348.00 187991.00 EUR Thousand [+]
GDP From Transport 445201.00 482990.00 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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