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

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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-28 11:00 AM
GDP Growth Rate QoQ
Q3 0.6% 0.3% 0.2%
2026-02-27 11:00 AM
GDP Growth Rate QoQ
Q4 0.6% 0.8% 0.5%
2026-05-29 10:00 AM
GDP Growth Rate QoQ
Q1 0.6% 0.7%


Related Last Previous Unit Reference
Full Year GDP Growth 2.10 -0.40 percent Dec 2025
GDP Growth Rate YoY 2.90 2.60 percent Dec 2025
GDP Constant Prices 8366988.00 8488641.00 EUR Thousand Dec 2025
GDP from Agriculture 208582.00 306692.00 EUR Thousand Dec 2025
GDP from Construction 430839.00 437048.00 EUR Thousand Dec 2025
GDP from Manufacturing 867025.00 890038.00 EUR Thousand Dec 2025
GDP from Mining 156741.00 154268.00 EUR Thousand Dec 2025
GDP from Public Administration 1381577.00 631730.00 EUR Thousand Dec 2025
GDP from Services 1443602.00 1482212.00 EUR Thousand Dec 2025
GDP from Transport 377430.00 436541.00 EUR Thousand Dec 2025
GDP Growth Rate 0.60 0.80 percent Dec 2025
Gross Fixed Capital Formation 2150599.00 2194043.00 EUR Thousand Dec 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.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 10.70 -10.00 1995 - 2025 percent Quarterly
SA