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

The economy of Latvia expanded 0.6% quarter-on-quarter in Q1 2026, following an upwardly revised 0.7% growth in the preceding period. GDP Growth Rate in Latvia averaged 0.84 percent from 1995 until 2026, 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 first quarter of 2026 over the previous quarter.

The Gross Domestic Product (GDP) in Latvia expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Latvia is expected to be 0.40 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 0.40 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	2.10	-0.40	percent	Dec 2025
GDP Growth Rate YoY	2.50	2.90	percent	Mar 2026
GDP Constant Prices	7669166.00	8366988.00	EUR Thousand	Mar 2026
GDP from Agriculture	197872.00	208582.00	EUR Thousand	Mar 2026
GDP from Construction	287891.00	430839.00	EUR Thousand	Mar 2026
GDP from Manufacturing	891822.00	867025.00	EUR Thousand	Mar 2026
GDP from Mining	219988.00	156741.00	EUR Thousand	Mar 2026
GDP from Public Administration	595218.00	708507.00	EUR Thousand	Mar 2026
GDP from Services	1130177.00	1443602.00	EUR Thousand	Mar 2026
GDP from Transport	335089.00	377430.00	EUR Thousand	Mar 2026
GDP Growth Rate	0.60	0.70	percent	Mar 2026
Gross Fixed Capital Formation	1534219.00	2150614.00	EUR Thousand	Mar 2026
Gross National Product	9638.00	11839.00	EUR Million	Mar 2026

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.