The Gross Domestic Product per capita in Latvia was last recorded at 16405.70 US dollars in 2018. The GDP per Capita in Latvia is equivalent to 130 percent of the world's average.

GDP per capita in Latvia averaged 10463.22 USD from 1994 until 2018, reaching an all time high of 16405.70 USD in 2018 and a record low of 5140.53 USD in 1995. This page provides the latest reported value for - Latvia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia GDP per capita - values, historical data and charts - was last updated on June of 2020. source: World Bank

GDP per capita in Latvia is expected to reach 18500.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP per capita is projected to trend around 19400.00 USD in 2021 and 20100.00 USD in 2022, according to our econometric models.

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Latvia GDP per capita

Actual Previous Highest Lowest Dates Unit Frequency
16405.70 15532.20 16405.70 5140.53 1994 - 2018 USD Yearly
Constant 2010 USD

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.90 0.10 6.50 -5.70 percent [+]
GDP Annual Growth Rate -1.50 1.00 15.10 -15.60 percent [+]
GDP 35.80 34.85 35.80 4.50 USD Billion [+]
GDP Constant Prices 5974893.00 7326935.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 6990.00 7817.00 7818.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 1378555.00 2058635.00 2422885.00 92703.00 EUR Thousand [+]
GDP per capita 16405.70 15532.20 16405.70 5140.53 USD [+]
GDP per capita PPP 26437.43 25029.79 26437.43 7796.00 USD [+]
GDP From Agriculture 169757.00 166338.00 306211.00 82079.00 EUR Thousand [+]
GDP From Construction 273389.00 493678.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 662374.00 750119.00 768025.00 362912.00 EUR Thousand [+]
GDP From Mining 223650.00 215494.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 351751.00 623143.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 735696.00 951880.00 978914.00 187991.00 EUR Thousand [+]
GDP From Transport 467213.00 548677.00 639412.00 233137.00 EUR Thousand [+]


Latvia GDP per capita
The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population.