Latvia GDP (2026)
IMF (2026)
- Nominal (current) Gross Domestic Product (GDP) of Latvia is $53.69 billion ($53,686,000,000) as of 2026, according to the International Monetary Fund (IMF).
- The GDP growth rate in 2026 is 2.2%, according to the International Monetary Fund (IMF).
- GDP per Capita in Latvia (with a population of 1,835,935 people) is $28,913 in 2026, an increase of $2,796 from $26,116 in 2025; this represents a change of 10.7% in GDP per capita.
GDP Change (%)
Gross Domestic Product (GDP) of Latvia
| Year | GDP Nominal (Current USD) | GDP Growth | GDP per capita | Pop. Change |
|---|---|---|---|---|
| 2026 | $53,686,000,000 | 2.2% | $28,913 | −0.95% |
| 2025 | $48,591,000,000 | 2.1% | $26,116 | −0.98% |
| 2024 | $43,988,000,000 | 0.0% | $23,499 | −0.56% |
| 2023 | $42,792,000,000 | −0.9% | $22,725 | 0.07% |
| 2022 | $38,033,000,000 | 1.9% | $20,276 | −0.24% |
| 2021 | $38,209,000,000 | 6.9% | $20,182 | −0.82% |
| 2020 | $33,353,000,000 | −3.5% | $17,484 | −0.69% |
| 2019 | $33,103,000,000 | 0.7% | $17,242 | −0.69% |
| 2018 | $33,263,000,000 | 4.3% | $17,196 | −0.77% |
| 2017 | $29,381,000,000 | 3.4% | $15,066 | −0.88% |
| 2016 | $27,110,000,000 | 2.6% | $13,769 | −0.91% |
| 2015 | $26,347,000,000 | 3.8% | $13,266 | −0.82% |
| 2014 | $30,285,000,000 | 2.1% | $15,131 | −0.94% |
| 2013 | $29,157,000,000 | 2.1% | $14,407 | −1.06% |
| 2012 | $27,136,000,000 | 7.3% | $13,271 | −1.23% |
| 2011 | $26,832,000,000 | 3.0% | $12,934 | −1.81% |
| 2010 | $23,509,000,000 | −3.7% | $11,086 | −2.06% |
| 2009 | $25,758,000,000 | −16.0% | $11,910 | −1.64% |
| 2008 | $34,296,000,000 | −3.4% | $15,647 | −1.05% |
| 2007 | $29,463,000,000 | 10.4% | $13,339 | −0.82% |
| 2006 | $20,453,000,000 | 12.8% | $9,180 | −0.93% |
| 2005 | $16,332,000,000 | 11.6% | $7,260 | −1.08% |
| 2004 | $13,831,000,000 | 8.7% | $6,075 | −1.08% |
| 2003 | $11,249,000,000 | 8.4% | $4,892 | −0.97% |
| 2002 | $9,256,000,000 | 7.7% | $3,988 | −1.15% |
| 2001 | $8,192,000,000 | 6.5% | $3,481 | −1.27% |
| 2000 | $7,765,000,000 | 5.8% | $3,260 | −0.94% |
| 1999 | $7,325,000,000 | 2.8% | $3,053 | −0.8% |
| 1998 | $6,977,000,000 | 6.6% | $2,882 | −0.95% |
| 1997 | $6,351,000,000 | 9.2% | $2,597 | −1% |
| 1996 | $5,799,000,000 | 2.3% | $2,348 | −1.13% |
| 1995 | $5,242,000,000 | −2.1% | $2,096 | −1.4% |
| 1994 | $4,391,000,000 | 2.2% | $1,671 | −1.66% |
| 1993 | $2,643,000,000 | −11.4% | $990 | −1.95% |
| 1992 | $1,641,000,000 | $613 | −1.29% |
| Year | GDP PPP | GDP PPP per Capita | PPP Per Capita Change | Pop. Change |
|---|---|---|---|---|
| 2026 | $85,118,000,000 | $45,840 | 5.4% | −0.95% |
| 2025 | $80,952,000,000 | $43,509 | 5.7% | −0.98% |
| 2024 | $77,071,000,000 | $41,173 | 3.1% | −0.56% |
| 2023 | $75,232,000,000 | $39,953 | 2.3% | 0.07% |
| 2022 | $73,237,000,000 | $39,044 | 10.2% | −0.24% |
| 2021 | $67,094,000,000 | $35,439 | 8.7% | −0.82% |
| 2020 | $62,223,000,000 | $32,617 | 1.6% | −0.69% |
| 2019 | $61,623,000,000 | $32,096 | 8% | −0.69% |
| 2018 | $57,464,000,000 | $29,707 | 7.9% | −0.77% |
| 2017 | $53,695,000,000 | $27,534 | 6.3% | −0.88% |
| 2016 | $51,016,000,000 | $25,910 | 4.4% | −0.91% |
| 2015 | $49,279,000,000 | $24,812 | 5.6% | −0.82% |
| 2014 | $47,045,000,000 | $23,505 | 5% | −0.94% |
| 2013 | $45,291,000,000 | $22,379 | 4.9% | −1.06% |
| 2012 | $43,619,000,000 | $21,332 | 10.9% | −1.23% |
| 2011 | $39,906,000,000 | $19,236 | 7.5% | −1.81% |
| 2010 | $37,948,000,000 | $17,896 | −0.5% | −2.06% |
| 2009 | $38,917,000,000 | $17,993 | −14.4% | −1.64% |
| 2008 | $46,067,000,000 | $21,018 | −0.8% | −1.05% |
| 2007 | $46,782,000,000 | $21,179 | 14.4% | −0.82% |
| 2006 | $41,252,000,000 | $18,516 | 17.4% | −0.93% |
| 2005 | $35,469,000,000 | $15,766 | 16.5% | −1.08% |
| 2004 | $30,812,000,000 | $13,534 | 12.8% | −1.08% |
| 2003 | $27,597,000,000 | $12,002 | 11.6% | −0.97% |
| 2002 | $24,959,000,000 | $10,754 | 10.9% | −1.15% |
| 2001 | $22,827,000,000 | $9,700 | 10.2% | −1.27% |
| 2000 | $20,970,000,000 | $8,804 | 9% | −0.94% |
| 1999 | $19,374,000,000 | $8,075 | 5.2% | −0.8% |
| 1998 | $18,580,000,000 | $7,675 | 8.8% | −0.95% |
| 1997 | $17,244,000,000 | $7,053 | 12.2% | −1% |
| 1996 | $15,527,000,000 | $6,288 | 5.5% | −1.13% |
| 1995 | $14,905,000,000 | $5,961 | 5% | −1.4% |
| 1994 | $14,910,000,000 | $5,675 | 6% | −1.66% |
| 1993 | $14,284,000,000 | $5,353 | −9% | −1.95% |
| 1992 | $15,749,000,000 | $5,884 | – | −1.29% |
| Year | GDP Nominal (Current USD) | GDP Real (Constant, Inflation Adjusted) | Pop. Change |
|---|---|---|---|
| 2024 | $43,520,773,851 | $31,570,906,308 | −0.56% |
| 2023 | $42,572,151,720 | $31,711,225,667 | 0.07% |
| 2022 | $38,014,713,596 | $30,831,235,008 | −0.24% |
| 2021 | $38,183,326,785 | $30,284,070,900 | −0.82% |
| 2020 | $33,379,927,435 | $28,318,076,614 | −0.69% |
| 2019 | $33,099,503,951 | $29,335,802,339 | −0.69% |
| 2018 | $33,247,935,477 | $29,139,005,430 | −0.77% |
| 2017 | $29,391,059,767 | $27,935,083,541 | −0.88% |
| 2016 | $27,117,105,060 | $27,016,796,481 | −0.91% |
| 2015 | $26,344,565,877 | $26,344,565,877 | −0.82% |
| 2014 | $30,277,203,767 | $25,384,188,823 | −0.94% |
| 2013 | $29,152,128,168 | $24,863,312,430 | −1.06% |
| 2012 | $27,116,149,949 | $24,352,854,611 | −1.23% |
| 2011 | $26,575,547,901 | $22,694,935,011 | −1.81% |
| 2010 | $23,468,324,572 | $22,026,145,288 | −2.06% |
| 2009 | $25,691,530,442 | $22,863,227,157 | −1.64% |
| 2008 | $34,135,200,994 | $27,231,101,091 | −1.05% |
| 2007 | $29,420,499,248 | $28,186,253,354 | −0.82% |
| 2006 | $20,434,922,247 | $25,527,665,150 | −0.93% |
| 2005 | $16,306,935,905 | $22,625,890,638 | −1.08% |
| 2004 | $13,827,070,379 | $20,271,313,179 | −1.08% |
| 2003 | $11,244,337,720 | $18,644,549,496 | −0.97% |
| 2002 | $9,249,030,241 | $17,195,147,700 | −1.15% |
| 2001 | $8,190,888,740 | $15,970,900,289 | −1.27% |
| 2000 | $7,761,252,607 | $15,001,703,494 | −0.94% |
| 1999 | $7,324,192,890 | $14,173,807,644 | −0.8% |
| 1998 | $6,974,112,951 | $13,785,282,610 | −0.95% |
| 1997 | $6,349,481,007 | $12,937,852,903 | −1% |
| 1996 | $5,799,465,288 | $11,850,946,178 | −1.13% |
| 1995 | $5,608,208,785 | $11,584,507,030 | −1.4% |
Latvia GDP Projections (IMF)
| Year | GDP Nominal (Current USD) | GDP Growth | GDP per capita | Pop. Change |
|---|---|---|---|---|
| 2027 | $56,741,000,000 | 2.4% | $30,619 | −0.78% |
| 2028 | $59,801,000,000 | 2.4% | $32,335 | −0.8% |
| 2029 | $62,785,000,000 | 2.4% | $34,017 | −0.81% |
| 2030 | $65,872,000,000 | 2.4% | $35,761 | −0.83% |
| 2031 | $69,132,000,000 | 2.4% | $37,605 | −0.83% |
| Year | GDP PPP | GDP PPP per Capita | PPP Per Capita Change | Pop. Change |
|---|---|---|---|---|
| 2027 | $89,052,000,000 | $48,055 | −4.1% | −0.78% |
| 2028 | $92,668,000,000 | $50,106 | −4.2% | −0.8% |
| 2029 | $96,561,000,000 | $52,316 | −4.3% | −0.81% |
| 2030 | $100,665,000,000 | $54,649 | −4.2% | −0.83% |
| 2031 | $104,906,000,000 | $57,065 | – | −0.83% |
Sources:
- IMF, World Economic Outlook (April 2026).
- World Bank
- National Accounts Data – United Nations Statistics Division
- World Population Prospects: The 2024 Revision – United Nations Population Division