Europe & Central Asia
🇱🇻 Latvia
Real-time economic and demographic statistics for Latvia
GDP
#104
of 214
Population
#144
of 217
GDP per Capita
#70
of 214
GDP Growth
#105
of 214
Share of World
0.04%
of world GDP
Income Level
High income
Latvia GDP (2015–2024)
-0.44%annual growth
Chart data: 2015: 26,344,565,876.89 USD, 2016: 27,117,105,059.508 USD, 2017: 29,391,059,767.426 USD, 2018: 33,247,935,477.358 USD, 2019: 33,099,503,950.847 USD, 2020: 33,379,927,434.615 USD, 2021: 38,183,326,784.934 USD, 2022: 38,014,713,595.769 USD, 2023: 42,572,151,720.138 USD, 2024: 43,520,773,851.122 USD
Demographics
1.9M
Population
-0.80%annual growth
Labor Market
6.72%
Unemployment Rate
+0.25ppannual change
Verified: Nov 2025
Economics
+1.27%
Inflation Rate
-7.67ppannual change
Frequently Asked Questions
- What is Latvia's GDP?
- Latvia's GDP is approximately $43.5 billion (2024, representing 0.0% of world GDP), making it the #104 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Latvia's population?
- Latvia has a population of approximately 1.9M — the #144 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Latvia's GDP per capita?
- Latvia's GDP per capita is approximately $23,368, ranking #70 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Latvia's economy growing?
- Latvia's economy is currently contracting at approximately 0.4% per year, ranking #105 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Latvia in?
- Latvia is located in the Europe & Central Asia region and is classified as a high income economy by the World Bank. This classification is based on gross national income (GNI) per capita.