GDP growth — all countries

GDP growth — Latvia

GDP growth in Latvia in 2025 — 2.14%. Ranked 130 in the world out of 186. Since 1991, the indicator has risen by 14.73 pp.

2025 2.14% +2.17 pp vs 2024
World rank 130of 186
Period maximum 12.83%2006
Period minimum -32.12%1992

Trend over time

1991–2025 · % per year

GDP growth — Latvia, 1991–2025-40-2002019911995199920032007201120152019202320251991: -12.6%1992: -32.12%1993: -4.98%1994: 2.19%1995: -0.94%1996: 2.3%1997: 9.17%1998: 6.55%1999: 2.82%2000: 5.84%2001: 6.46%2002: 7.67%2003: 8.43%2004: 8.73%2005: 11.62%2006: 12.83%2007: 10.41%2008: -3.39%2009: -16.04%2010: -3.66%2011: 3.04%2012: 7.31%2013: 2.1%2014: 2.09%2015: 3.78%2016: 2.55%2017: 3.4%2018: 4.31%2019: 0.68%2020: -3.47%2021: 6.94%2022: 1.91%2023: -0.94%2024: -0.04%2025: 2.14%
Change over the period: +14.73 pp Annual average: 0.43 pp

Comparison, 2025

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

Latvia 2.14%
World 2.92%
Northern Europe computed 2.59%
High-income countries computed 1.86%
GDP growth — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2025 2.14 +2.17 pp
2024 -0.04 +0.9 pp
2023 -0.94 −2.85 pp
2022 1.91 −5.03 pp
2021 6.94 +10.41 pp
2020 -3.47 −4.14 pp
2019 0.68 −3.63 pp
2018 4.31 +0.91 pp
2017 3.4 +0.85 pp
2016 2.55 −1.23 pp
2015 3.78 +1.69 pp
2014 2.09 −0 pp
2013 2.1 −5.21 pp
2012 7.31 +4.27 pp
2011 3.04 +6.7 pp
2010 -3.66 +12.38 pp
2009 -16.04 −12.65 pp
2008 -3.39 −13.8 pp
2007 10.41 −2.41 pp
2006 12.83 +1.21 pp
2005 11.62 +2.89 pp
2004 8.73 +0.3 pp
2003 8.43 +0.76 pp
2002 7.67 +1.2 pp
2001 6.46 +0.62 pp
2000 5.84 +3.02 pp
1999 2.82 −3.73 pp
1998 6.55 −2.62 pp
1997 9.17 +6.87 pp
1996 2.3 +3.24 pp
1995 -0.94 −3.13 pp
1994 2.19 +7.17 pp
1993 -4.98 +27.14 pp
1992 -32.12 −19.52 pp
1991 -12.6

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

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