GDP — all countries

GDP — Latvia

GDP in Latvia in 2025 — 48,618,869,160 US$. Ranked 99 in the world out of 186. Since 1995, the indicator has risen by 766.9%.

2025 48.62B US$ +10.49% vs 2024
World rank 99of 186
Period maximum 48.62B US$2025
Period minimum 5.61B US$1995

Trend over time

1995–2025 · US$

GDP — Latvia, 1995–2025020B40B60B199519982001200420072010201320162019202220251995: 5,608,208,785 US$1996: 5,799,465,288 US$1997: 6,349,481,007 US$1998: 6,974,112,951 US$1999: 7,324,192,890 US$2000: 7,761,252,607 US$2001: 8,190,888,740 US$2002: 9,249,030,241 US$2003: 11,244,337,720 US$2004: 13,827,070,379 US$2005: 16,306,935,905 US$2006: 20,434,922,247 US$2007: 29,420,499,248 US$2008: 34,135,200,994 US$2009: 25,691,530,442 US$2010: 23,468,324,572 US$2011: 26,575,547,901 US$2012: 27,116,149,949 US$2013: 29,152,128,168 US$2014: 30,277,203,767 US$2015: 26,344,565,877 US$2016: 27,117,105,060 US$2017: 29,391,059,767 US$2018: 33,247,935,477 US$2019: 33,099,503,951 US$2020: 33,379,927,435 US$2021: 38,183,326,785 US$2022: 38,003,198,509 US$2023: 42,779,550,937 US$2024: 44,001,275,013 US$2025: 48,618,869,160 US$
Change over the period: +43.01B (+766.92%) Average annual rate: 7.46 %

Comparison, 2025

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

Latvia 48.62B US$
World 118T US$
Northern Europe computed 6.93T US$
High-income countries computed 75T US$
GDP — Latvia, by year Latvia All countries CSV XLSX
Year US$ Change Change, %
2025 48.62B +4.62B +10.49%
2024 44B +1.22B +2.86%
2023 42.78B +4.78B +12.57%
2022 38B −180M −0.47%
2021 38.18B +4.8B +14.39%
2020 33.38B +280M +0.85%
2019 33.1B −148M −0.45%
2018 33.25B +3.86B +13.12%
2017 29.39B +2.27B +8.39%
2016 27.12B +773M +2.93%
2015 26.34B −3.93B −12.99%
2014 30.28B +1.13B +3.86%
2013 29.15B +2.04B +7.51%
2012 27.12B +541M +2.03%
2011 26.58B +3.11B +13.24%
2010 23.47B −2.22B −8.65%
2009 25.69B −8.44B −24.74%
2008 34.14B +4.71B +16.03%
2007 29.42B +8.99B +43.97%
2006 20.43B +4.13B +25.31%
2005 16.31B +2.48B +17.93%
2004 13.83B +2.58B +22.97%
2003 11.24B +2B +21.57%
2002 9.25B +1.06B +12.92%
2001 8.19B +430M +5.54%
2000 7.76B +437M +5.97%
1999 7.32B +350M +5.02%
1998 6.97B +625M +9.84%
1997 6.35B +550M +9.48%
1996 5.8B +191M +3.41%
1995 5.61B

About the indicator

Gross domestic product is the sum of gross value added by all resident producers, plus taxes on products and minus subsidies, in current prices and converted into US dollars at the official exchange rate. GDP in current dollars is convenient for comparing the size of economies in a given year, but it is poorly suited to trends over time: it is moved both by inflation and by exchange rate swings.

Important: For comparing trends over time there is GDP growth in constant prices, and for comparing living standards, GDP per capita at PPP.

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