The Gross Domestic Product per capita in Latvia was last recorded at 16945.20 US dollars in 2023. The GDP per Capita in Latvia is equivalent to 134 percent of the world's average. GDP per Capita in Latvia averaged 11326.12 USD from 1995 until 2023, reaching an all time high of 17014.62 USD in 2022 and a record low of 4969.82 USD in 1995. source: World Bank

GDP per Capita in Latvia is expected to reach 17335.00 USD by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP per capita is projected to trend around 17768.00 USD in 2026 and 18213.00 USD in 2027, according to our econometric models.




Related Last Previous Unit Reference
Full Year GDP Growth -0.30 3.40 percent Dec 2023
GDP 43.63 40.42 USD Billion Dec 2023
GDP Growth Rate YoY -1.60 -0.50 percent Sep 2024
GDP Constant Prices 8173276.00 8014068.00 EUR Thousand Sep 2024
GDP from Agriculture 295711.00 264271.00 EUR Thousand Sep 2024
GDP from Construction 477226.00 380891.00 EUR Thousand Sep 2024
GDP from Manufacturing 833564.00 836580.00 EUR Thousand Sep 2024
GDP from Mining 170506.00 178215.00 EUR Thousand Sep 2024
GDP from Public Administration 543092.00 591190.00 EUR Thousand Sep 2024
GDP from Services 1241898.00 1404310.00 EUR Thousand Sep 2024
GDP from Transport 458669.00 414812.00 EUR Thousand Sep 2024
GDP Growth Rate -0.20 -0.30 percent Sep 2024
GDP per Capita 16945.20 17014.62 USD Dec 2023
GDP per Capita PPP 37812.58 37967.47 USD Dec 2023
Gross Fixed Capital Formation 2021963.00 1772749.00 EUR Thousand Sep 2024
Gross National Product 9838.00 9816.00 EUR Million Sep 2024

Latvia GDP per capita
The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population.
Actual Previous Highest Lowest Dates Unit Frequency
16945.20 17014.62 17014.62 4969.82 1995 - 2023 USD Yearly
Constant 2015 USD