The Gross Domestic Product (GDP) in Latvia was worth 34.85 billion US dollars in 2018. The GDP value of Latvia represents 0.06 percent of the world economy. Latvia GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP in Latvia averaged 16.45 USD Billion from 1987 until 2018, reaching an all time high of 35.60 USD Billion in 2008 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. source: World Bank

GDP in Latvia is expected to reach 38.20 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 40.50 USD Billion in 2021 and 44.00 USD Billion in 2022, according to our econometric models.


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Latvia GDP

Actual Previous Highest Lowest Dates Unit Frequency
34.85 30.46 35.60 4.50 1987 - 2018 USD Billion Yearly
Current USD


Latvia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.