The Gross Domestic Product (GDP) in Latvia was worth 39.85 billion US dollars in 2021, according to official data from the World Bank. The GDP value of Latvia represents 0.02 percent of the world economy. source: World Bank
GDP in Latvia averaged 18.17 USD Billion from 1987 until 2021, reaching an all time high of 39.85 USD Billion in 2021 and a record low of 4.50 USD Billion in 1993. This page provides the latest reported value for - Latvia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia GDP - values, historical data and charts - was last updated on June of 2023.
GDP in Latvia is expected to reach 40.37 USD Billion by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 41.62 USD Billion in 2024 and 43.03 USD Billion in 2025, according to our econometric models.