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Latvia real GDPLatvia real GDPLatvia real GDP

Latvia real GDP

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LVGDPCP chart


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Key data points


Last release
—
Observation period
Q2 2024
Next release
—
Forecast
—
Highest
‪7.72 B‬ EUR on Dec 31, 2022
Lowest
‪2.54 B‬ EUR on Mar 31, 1996

About Latvia real GDP


Category
GDP
Source
Central Statistical Bureau
Frequency
Quarterly
Units
EUR

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Full Year GDP Growth
LVGDP
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GDP From Agriculture
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GDP From Construction
LVGDPMAN
GDP From Manufacturing
LVGDPMIN
GDP From Mining
LVGDPPA
GDP From Public Administration
LVGDPPC
GDP Per Capita
LVGDPPCP
GDP Per Capita PPP
LVGDPQQ
GDP Growth Rate
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GDP From Transport
LVGDPYY
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Gross Fixed Capital Formation
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Gross National Product

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
Last quarter Latvia real GDP was 7.249 B EUR, and the quarter before that it reached 6.422 B EUR.