Share of world GDP — all countries

Share of world GDP — Latvia

Share of world GDP in Latvia in 2031 — 0.037%. Ranked 113 in the world out of 189. Since 1992, the indicator has fallen by 0.011 pp.

2031 0.037% +0 pp vs 2030
World rank 113of 189
Period maximum 0.059%2007
Period minimum 0.037%2029

Trend over time

1992–2031 · % of world GDP

Share of world GDP — Latvia, 1992–20310.030.040.050.06199219962000200420082012201620202024202820311992: 0.048%1993: 0.041%1994: 0.041%1995: 0.039%1996: 0.038%1997: 0.04%1998: 0.042%1999: 0.041%2000: 0.042%2001: 0.043%2002: 0.045%2003: 0.048%2004: 0.049%2005: 0.053%2006: 0.056%2007: 0.059%2008: 0.056%2009: 0.047%2010: 0.043%2011: 0.043%2012: 0.044%2013: 0.044%2014: 0.043%2015: 0.043%2016: 0.043%2017: 0.043%2018: 0.043%2019: 0.044%2020: 0.044%2021: 0.043%2022: 0.042%2023: 0.04%2024: 0.039%2025: 0.038%2026: 0.038%2027: 0.038%2028: 0.038%2029: 0.037%2030: 0.037%2031: 0.037%
Change over the period: −0.011 pp Annual average: 0 pp

Comparison, 2031

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

Latvia 0.037%
World computed 99.592%
Europe & Central Asia computed 22.063%
Northern Europe computed 3.501%
High-income countries computed 43.63%
Share of world GDP — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2031 0.037 +0 pp
2030 0.037 +0 pp
2029 0.037 −0.001 pp
2028 0.038 +0 pp
2027 0.038 +0 pp
2026 0.038 +0 pp
2025 0.038 −0.001 pp
2024 0.039 −0.001 pp
2023 0.04 −0.002 pp
2022 0.042 −0.001 pp
2021 0.043 −0.001 pp
2020 0.044 +0 pp
2019 0.044 +0.001 pp
2018 0.043 +0 pp
2017 0.043 +0 pp
2016 0.043 +0 pp
2015 0.043 +0 pp
2014 0.043 −0.001 pp
2013 0.044 +0 pp
2012 0.044 +0.001 pp
2011 0.043 +0 pp
2010 0.043 −0.004 pp
2009 0.047 −0.009 pp
2008 0.056 −0.003 pp
2007 0.059 +0.003 pp
2006 0.056 +0.003 pp
2005 0.053 +0.004 pp
2004 0.049 +0.001 pp
2003 0.048 +0.003 pp
2002 0.045 +0.002 pp
2001 0.043 +0.001 pp
2000 0.042 +0.001 pp
1999 0.041 −0.001 pp
1998 0.042 +0.002 pp
1997 0.04 +0.002 pp
1996 0.038 −0.001 pp
1995 0.039 −0.002 pp
1994 0.041 +0 pp
1993 0.041 −0.007 pp
1992 0.048

About the indicator

A country's share of world gross product measured at purchasing power parity. This is the indicator used when speaking of the shift of economic weight between regions: at PPP the shares look different than at market exchange rates — the weight of China and India is markedly higher, that of advanced countries lower, because prices for non-traded services are lower in poorer countries. The IMF series runs with a forecast several years ahead.

Important: The only indicator in the section where the sum over a group of countries has a direct meaning: the shares add up, and for a group the result is its weight in the world economy. The whole world should come to one hundred percent.

Source: World Economic Outlook (IMF), license IMF open data.