GDP in constant prices — all countries

GDP in constant prices — Latvia

GDP in constant prices in Latvia in 2025 — 31,213,460,641 US$ 2015. Ranked 101 in the world out of 186. Since 1990, the indicator has risen by 53.8%.

2025 31.21B US$ 2015 +2.14% vs 2024
World rank 101of 186
Period maximum 31.21B US$ 20152025
Period minimum 11.44B US$ 20151993

Trend over time

1990–2025 · constant 2015 US$

GDP in constant prices — Latvia, 1990–202510B15B20B25B30B35B19901994199820022006201020142018202220251990: 20,300,397,396 US$ 20151991: 17,743,517,231 US$ 20151992: 12,044,553,173 US$ 20151993: 11,444,375,654 US$ 20151994: 11,694,997,019 US$ 20151995: 11,584,507,030 US$ 20151996: 11,850,946,178 US$ 20151997: 12,937,852,903 US$ 20151998: 13,785,282,610 US$ 20151999: 14,173,807,644 US$ 20152000: 15,001,703,494 US$ 20152001: 15,970,900,289 US$ 20152002: 17,195,147,700 US$ 20152003: 18,644,549,496 US$ 20152004: 20,271,313,179 US$ 20152005: 22,625,890,638 US$ 20152006: 25,527,665,150 US$ 20152007: 28,186,253,354 US$ 20152008: 27,231,101,091 US$ 20152009: 22,863,227,157 US$ 20152010: 22,026,145,288 US$ 20152011: 22,694,935,011 US$ 20152012: 24,352,854,611 US$ 20152013: 24,863,312,430 US$ 20152014: 25,384,188,823 US$ 20152015: 26,344,565,877 US$ 20152016: 27,016,796,481 US$ 20152017: 27,935,083,541 US$ 20152018: 29,139,005,430 US$ 20152019: 29,335,802,339 US$ 20152020: 28,318,076,614 US$ 20152021: 30,284,070,900 US$ 20152022: 30,862,052,748 US$ 20152023: 30,571,453,786 US$ 20152024: 30,560,125,331 US$ 20152025: 31,213,460,641 US$ 2015
Change over the period: +10.91B (+53.76%) Average annual rate: 1.24 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia 31.21B US$ 2015
World 99.66T US$ 2015
Europe & Central Asia 24.6T US$ 2015
Northern Europe computed 5.76T US$ 2015
High-income countries computed 59.21T US$ 2015
GDP in constant prices — Latvia, by year Latvia All countries CSV XLSX
Year US$ 2015 Change Change, %
2025 31.21B +653M +2.14%
2024 30.56B −11.33M −0.04%
2023 30.57B −291M −0.94%
2022 30.86B +578M +1.91%
2021 30.28B +1.97B +6.94%
2020 28.32B −1.02B −3.47%
2019 29.34B +197M +0.68%
2018 29.14B +1.2B +4.31%
2017 27.94B +918M +3.4%
2016 27.02B +672M +2.55%
2015 26.34B +960M +3.78%
2014 25.38B +521M +2.09%
2013 24.86B +510M +2.1%
2012 24.35B +1.66B +7.31%
2011 22.69B +669M +3.04%
2010 22.03B −837M −3.66%
2009 22.86B −4.37B −16.04%
2008 27.23B −955M −3.39%
2007 28.19B +2.66B +10.41%
2006 25.53B +2.9B +12.83%
2005 22.63B +2.35B +11.62%
2004 20.27B +1.63B +8.73%
2003 18.64B +1.45B +8.43%
2002 17.2B +1.22B +7.67%
2001 15.97B +969M +6.46%
2000 15B +828M +5.84%
1999 14.17B +389M +2.82%
1998 13.79B +847M +6.55%
1997 12.94B +1.09B +9.17%
1996 11.85B +266M +2.3%
1995 11.58B −110M −0.94%
1994 11.69B +251M +2.19%
1993 11.44B −600M −4.98%
1992 12.04B −5.7B −32.12%
1991 17.74B −2.56B −12.6%
1990 20.3B

About the indicator

Gross domestic product in constant 2015 prices and at the exchange rate of that same year. Unlike nominal GDP, this series does not grow with inflation or with movements of the exchange rate, so it is the only one on which the size of a country's economy can be compared with its own past. The difference accumulates fast: over thirty years the nominal GDP of most countries grew several times more than the real one, and almost all of that difference is price growth.

Important: Suited to comparing a country with itself over time, but not countries with one another: conversion at the 2015 exchange rate does not account for differences in price levels. For cross-country comparison there is GDP at PPP.

Source: World Development Indicators (World Bank), license CC BY 4.0.