Latvia Live GDP
$31,530,945,753
GDP Added Today
$54,770,411
Latvia GDP (2026)
LiveLatvia has an open Baltic economy supported by transportation, wood products, financial services, information technology, manufacturing, and regional trade. Its ports, digital infrastructure, and membership in the European Union connect domestic businesses with Nordic, European, and wider international markets. This page presents Latvia GDP statistics, historical movements, and economic prospects for 2026.
GDP Growth Rate (2026)
2.20%
vs 2025
โฒ +0.10%
GDP Per Capita (2026)
$28,913
vs 2025
โฒ +$2,797
Global Rank (Nominal)
#99
of 218 countries
World Share
0.04%
of 2026 World GDP
Years Covered
1992โ2026
35 years
Latvia GDP Growth (1992โ2026)
Annual real GDP growth rate (%)
Historical Highlights
1992โ2026 GDP performance summary
Highest GDP
$53.69B
Lowest GDP
$1.64B
Average Growth
2.75%
1992โ2026
Best Growth
12.80%
Weakest Growth
-16.00%
Share of World GDP (2026)
Latvia
0.04%
United States
25.58%
China
16.47%
Germany
4.31%
Japan
3.46%
Rest of World
50.14%
Key Findings
โ
Latvia's GDP in 2026 is $53.69B.
โ
It ranks #99 among 218 countries.
โ
Latvia contributes 0.04% to the world economy.
โ
GDP per capita is $28,913 in 2026.
โ
The economy recorded GDP growth of 2.20% in 2026.
Historical Data
Latvia GDP Historical Data (1992โ2026)
| 2026 | $53,686,000,000 | 2.20% | $28,913 | 0.04% | #98 |
| 2025 | $48,591,000,000 | 2.10% | $26,116 | 0.04% | #99 |
| 2024 | $43,988,000,000 | 0.00% | $23,499 | 0.04% | #101 |
| 2023 | $42,792,000,000 | -0.90% | $22,725 | 0.04% | #100 |
| 2022 | $38,033,000,000 | 1.90% | $20,276 | 0.04% | #102 |
| 2021 | $38,209,000,000 | 6.90% | $20,182 | 0.04% | #98 |
| 2020 | $33,353,000,000 | -3.50% | $17,484 | 0.04% | #102 |
| 2019 | $33,103,000,000 | 0.70% | $17,242 | 0.04% | #103 |
| 2018 | $33,263,000,000 | 4.30% | $17,196 | 0.04% | #102 |
| 2017 | $29,381,000,000 | 3.40% | $15,066 | 0.04% | #102 |
| 2016 | $27,110,000,000 | 2.60% | $13,769 | 0.04% | #102 |
| 2015 | $26,347,000,000 | 3.80% | $13,266 | 0.03% | #103 |
| 2014 | $30,285,000,000 | 2.10% | $15,131 | 0.04% | #101 |
| 2013 | $29,157,000,000 | 2.10% | $14,407 | 0.04% | #101 |
| 2012 | $27,136,000,000 | 7.30% | $13,271 | 0.04% | #103 |
| 2011 | $26,832,000,000 | 3.00% | $12,934 | 0.04% | #102 |
| 2010 | $23,509,000,000 | -3.70% | $11,086 | 0.04% | #100 |
| 2009 | $25,758,000,000 | -16.00% | $11,910 | 0.04% | #96 |
| 2008 | $34,296,000,000 | -3.40% | $15,647 | 0.05% | #85 |
| 2007 | $29,463,000,000 | 10.40% | $13,339 | 0.05% | #85 |
| 2006 | $20,453,000,000 | 12.80% | $9,180 | 0.04% | #90 |
| 2005 | $16,332,000,000 | 11.60% | $7,260 | 0.03% | #94 |
| 2004 | $13,831,000,000 | 8.70% | $6,075 | 0.03% | #94 |
| 2003 | $11,249,000,000 | 8.40% | $4,892 | 0.03% | #98 |
| 2002 | $9,256,000,000 | 7.70% | $3,988 | 0.03% | #99 |
| 2001 | $8,192,000,000 | 6.50% | $3,481 | 0.02% | #103 |
| 2000 | $7,765,000,000 | 5.80% | $3,260 | 0.02% | #105 |
| 1999 | $7,325,000,000 | 2.80% | $3,053 | 0.02% | #104 |
| 1998 | $6,977,000,000 | 6.60% | $2,882 | 0.02% | #103 |
| 1997 | $6,351,000,000 | 9.20% | $2,597 | 0.02% | #106 |
| 1996 | $5,799,000,000 | 2.30% | $2,348 | 0.02% | #108 |
| 1995 | $5,242,000,000 | -2.10% | $2,096 | 0.02% | #110 |
| 1994 | $4,391,000,000 | 2.20% | $1,671 | 0.02% | #109 |
| 1993 | $2,643,000,000 | -11.40% | $990 | 0.01% | #127 |
| 1992 | $1,641,000,000 | 0.00% | $613 | 0.01% | #133 |
Latvia GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $56,741,000,000 | 2.40% | $30,619 | 0.04% | #94 |
| 2028 | $59,801,000,000 | 2.40% | $32,335 | 0.04% | #93 |
| 2029 | $62,785,000,000 | 2.40% | $34,017 | 0.04% | #92 |
| 2030 | $65,872,000,000 | 2.40% | $35,761 | 0.04% | #92 |
| 2031 | $69,132,000,000 | 2.40% | $37,605 | 0.04% | #93 |
Latvia Economy Overview
Latvia has an open Baltic economy built around services, transportation, manufacturing, forestry, and regional trade. Important industries include wood products, furniture, food processing, machinery, electronics, pharmaceuticals, and construction materials. Forest resources provide raw materials for one of the countryโs leading export sectors.
Riga functions as the main commercial, financial, and technology center. Information services, telecommunications, banking, retail, and professional activities make substantial contributions to output. Latviaโs ports, roads, railways, and location between Nordic and Eastern European markets have traditionally supported logistics and transit trade. European Union funding continues to improve energy systems, digital connectivity, public infrastructure, and industrial efficiency.
Latvia GDP Outlook
Latviaโs growth outlook is supported by European investment, digital services, manufacturing, forestry, and stronger connections with Nordic markets. Information technology, renewable energy, logistics, wood products, and modern business services may contribute to greater diversification. Infrastructure upgrades and energy-security projects could improve long-term resilience. Demographic decline, skilled-labor shortages, regional security concerns, high energy costs, weaker European demand, and reduced transit activity with eastern markets remain important challenges.