The Gross Domestic Product (GDP) in Latvia was worth 33.51 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Latvia represents 0.03 percent of the world economy. source: World Bank
GDP in Latvia averaged 21.58 USD Billion from 1987 until 2020, reaching an all time high of 50.87 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. Latvia GDP - values, historical data and charts - was last updated on July of 2021.
GDP in Latvia is expected to reach 31.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP is projected to trend around 33.50 USD Billion in 2022, according to our econometric models.