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. source: World Bank

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 March of 2021.

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 1.10 7.10 7.10 -7.10 percent [+]
GDP Annual Growth Rate -1.50 -2.80 15.10 -15.60 percent [+]
GDP 34.12 34.31 35.66 4.50 USD Billion [+]
GDP Constant Prices 7225447.00 7029631.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 8171.00 7635.00 8171.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 2043946.00 1928500.00 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 173240.00 315956.00 315956.00 82079.00 EUR Thousand [+]
GDP From Construction 473007.00 487824.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 824005.00 796540.00 824005.00 362912.00 EUR Thousand [+]
GDP From Mining 174470.00 143854.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 631746.00 445992.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 1003126.00 1044348.00 1044348.00 187991.00 EUR Thousand [+]
GDP From Transport 482990.00 516018.00 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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