The economy of Latvia expanded 2.3 percent in 2022, easing from a 4.3 percent growth in the previous year. source: Central Statistical Bureau of Latvia

Full Year GDP Growth in Latvia averaged 3.76 percent from 1996 until 2022, reaching an all time high of 12.00 percent in 2006 and a record low of -14.20 percent in 2009. This page includes a chart with historical data for Latvia Full Year GDP Growth. Latvia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Latvia Full Year GDP Growth

Related Last Previous Unit Reference
GDP Growth Rate 0.60 1.20 percent Mar 2023
GDP Annual Growth Rate 0.80 1.20 percent Mar 2023
GDP 39.85 34.60 USD Billion Dec 2021

Latvia Full Year GDP Growth
In Latvia, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 4.30 12.00 -14.20 1996 - 2022 percent Yearly