Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
43.63 B USD on Dec 31, 2023
Lowest
4.50 B USD on Dec 31, 1993
About 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.
Related indicators
Frequently Asked Questions
One of the ways to count Latvia GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Latvia GDP was 43.63 B USD, and the previous year it amounted to 40.42 B USD.
Latvia GDP accounts for 0.04% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 Latvia GDP per capita was 16.95 K USD, and in 2022 it amounted to 17.01 K USD.
Last quarter Latvia real GDP amounted to 7.25 B EUR, the quarter before that it was 6.42 B EUR.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Latvia GDP has ever reached is 43.63 B USD.
The lowest ever value Latvia GDP has reached is 4.5 B USD.