Name: Latvia GDP Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Latvia,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

On a seasonally adjusted quarterly basis, Latvia's GDP rose by 0.6% in the third quarter of 2025, following a downwardly revised 0.3% increase in the previous period. GDP Growth Rate in Latvia averaged 0.84 percent from 1995 until 2025, reaching an all time high of 10.70 percent in the third quarter of 2020 and a record low of -10.00 percent in the second quarter of 2020. source: Central Statistical Bureau of Latvia

The Gross Domestic Product (GDP) in Latvia expanded 0.60 percent in the third quarter of 2025 over the previous quarter.

The Gross Domestic Product (GDP) in Latvia expanded 0.60 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Latvia is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP Growth Rate is projected to trend around 0.60 percent in 2027 and 0.80 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	-0.40	2.90	percent	Dec 2024
GDP Growth Rate YoY	2.50	0.90	percent	Sep 2025
GDP Constant Prices	8488641.00	7897568.00	EUR Thousand	Sep 2025
GDP from Agriculture	306692.00	283120.00	EUR Thousand	Sep 2025
GDP from Construction	437048.00	373631.00	EUR Thousand	Sep 2025
GDP from Manufacturing	890038.00	867604.00	EUR Thousand	Sep 2025
GDP from Mining	154268.00	134876.00	EUR Thousand	Sep 2025
GDP from Public Administration	631730.00	653935.00	EUR Thousand	Sep 2025
GDP from Services	1482212.00	1261969.00	EUR Thousand	Sep 2025
GDP from Transport	436541.00	389988.00	EUR Thousand	Sep 2025
GDP Growth Rate	0.60	0.30	percent	Sep 2025
Gross Fixed Capital Formation	2194043.00	1892316.00	EUR Thousand	Sep 2025
Gross National Product	11042.00	10540.00	EUR Million	Sep 2025

Latvia GDP Growth Rate

Latvia's GDP growth in recent years has been mostly driven by expansion in consumption and credit. The main industries are: synthetic fibers, agricultural machinery, fertilizers, radios, electronics, pharmaceuticals, processed foods, textiles and timber. On the expenditure side, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP. Latvia joined the Euro in 2014.