GDP,current US$,millions,seas. adj. in Latvia

Latvia: GDP,current US$,millions,seas. adj. was 13,021 in 2026. ◆ Volatile

Latest (2026)
13,021
Change on year
down 73.2%
World rank
78th
of 94 countries
All-time high
48,562
in 2025
All-time low
5,213
in 1995
Years of data
32
1995–2026

GDP,current US$,millions,seas. adj. in Latvia, 1995–2026

10.0k20.0k30.0k40.0k50.0k1995201020261995: 5.2k1996: 5.9k1997: 5.9k1998: 6.5k1999: 6.5k2000: 6.2k2001: 6.5k2002: 7.7k2003: 10.3k2004: 13.2k2005: 16.2k2006: 20.5k2007: 29.5k2008: 34.4k2009: 25.7k2010: 23.5k2011: 26.5k2012: 27.1k2013: 29.1k2014: 30.2k2015: 26.3k2016: 27.1k2017: 29.4k2018: 33.2k2019: 33.1k2020: 33.4k2021: 38.1k2022: 37.9k2023: 42.8k2024: 43.9k2025: 48.6k2026: 13.0k

Source: World Bank.

Analysis

In 2026, gdp,current us$,millions,seas. adj. in Latvia stood at 13,021.

That represents a change of down 73.2% on the previous year and down 51.9% over ten years.

Over the whole period, gdp,current us$,millions,seas. adj. in Latvia peaked at 48,562 in 2025 and was at its lowest, 5,213, in 1995.

That places Latvia 78th out of 94 countries with data for 2026, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GDP,current US$,millions,seas. adj. in Latvia, year by year

Annual values for GDP,current US$,millions,seas. adj., in Latvia, 1995 to 2026.
Year Value Change
1995 5,213 —
1996 5,855 +12.3%
1997 5,923 +1.2%
1998 6,524 +10.1%
1999 6,495 -0.4%
2000 6,178 -4.9%
2001 6,547 +6.0%
2002 7,696 +17.5%
2003 10,347 +34.5%
2004 13,212 +27.7%
2005 16,222 +22.8%
2006 20,458 +26.1%
2007 29,482 +44.1%
2008 34,374 +16.6%
2009 25,742 -25.1%
2010 23,472 -8.8%
2011 26,536 +13.1%
2012 27,102 +2.1%
2013 29,126 +7.5%
2014 30,245 +3.8%
2015 26,335 -12.9%
2016 27,066 +2.8%
2017 29,391 +8.6%
2018 33,203 +13.0%
2019 33,094 -0.3%
2020 33,374 +0.8%
2021 38,056 +14.0%
2022 37,896 -0.4%
2023 42,812 +13.0%
2024 43,938 +2.6%
2025 48,562 +10.5%
2026 13,021 -73.2%

Latvia compared with similar countries

  • Latvia's 13,021 is below the median for high income countries, which is 152,623, 9% of the median. (49 countries reporting)
  • Latvia's 13,021 is below the median for Europe & Central Asia, which is 83,872, 16% of the median. (42 countries reporting)

Biggest year-on-year movements

Years where GDP,current US$,millions,seas. adj. in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2026 -73.2% 48,562 13,021

Averages by decade

DecadeAverage LowestHighest Years
1990s 6,002 5,213 6,524 5
2000s 17,026 6,178 34,374 10
2010s 28,557 23,472 33,203 10
2020s 36,809 13,021 48,562 7

Countries ranked near Latvia

  1. 75 Armenia 16,114 compare
  2. 76 Jordan 15,907 compare
  3. 77 Paraguay 14,450 compare
  4. 79 Estonia 12,671 compare
  5. 80 Cyprus 10,911 compare
  6. 81 Iceland 10,819 compare

See the full ranking of 103 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is gdp,current us$,millions,seas. adj. in Latvia?
Gdp,current us$,millions,seas. adj. in Latvia was 13,021 in 2026, according to the World Bank.
What is the highest gdp,current us$,millions,seas. adj. recorded in Latvia?
The highest recorded value was 48,562 in 2025.
What is the lowest gdp,current us$,millions,seas. adj. recorded in Latvia?
The lowest recorded value was 5,213 in 1995.
How does Latvia rank for gdp,current us$,millions,seas. adj.?
Latvia ranks 78th out of 94 countries with data for 2026.
Is gdp,current us$,millions,seas. adj. rising or falling in Latvia?
Over the last ten years it is down 51.9%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from the World Bank, published as part of GDP,current US$,millions,seas. adj.,. Statizoid updates them automatically from the source API.

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GDP,current US$,millions,seas. adj. in Latvia. Statizoid. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/gdp-current-us-millions-seas-adj/latvia/

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About this data

Indicator
GDP,current US$,millions,seas. adj.,
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
103 places, 3,264 data points, 1987–2026
Last refreshed