Latvia Economic Indicators
Latest economic indicators and statistics for Latvia.
| Indicator | Current Value | Previous Value | Frequency | Period |
|---|---|---|---|---|
| Currency | 1.1627 | 1.1619 | Daily | Oct 24, 10:03 AM EDT |
| GDP | $43.52B | $42.57B | Yearly | 2024 |
| GDP Annual Growth Rate | -0.44% | 2.85% | Yearly | 2024 |
| GDP per Capita | $16,951.36 | $16,890.63 | Yearly | 2024 |
| GDP per Capita PPP | $38,936.05 | $38,796.55 | Yearly | 2024 |
| R&D Expenditure (% GDP) | 0.76% | 0.75% | Yearly | 2022 |
| Real GDP | $31.57B | $31.71B | Yearly | 2024 |
| Annual Inflation Rate | 1.27% | 8.94% | Yearly | 2024 |
| Annual Unemployment Rate | 6.72% | 6.46% | Yearly | 2024 |
| Female Labor Force Rate | 55.05% | 55.38% | Yearly | 2024 |
| Unemployment Rate | 6.7% | 7.4% | Quarterly | Q2 2025 |
| Annual Exports | $20.39B | $20.54B | Yearly | 2024 |
| Annual Imports | $23.5B | $24.55B | Yearly | 2024 |
| Exports (% GDP) | 64.62% | 66.46% | Yearly | 2024 |
| FDI Inflows (% GDP) | 2.96% | 3.97% | Yearly | 2024 |
| Imports (% GDP) | 67.18% | 70.17% | Yearly | 2024 |
| Net Trade (Goods & Services, BoP) | -$1.12B | -$1.58B | Yearly | 2024 |
| Tariff Rate | 1.95% | 2.24% | Yearly | 2022 |
| Trade (% GDP) | 131.8% | 136.63% | Yearly | 2024 |
| Interest Rate | 2.15% | 2.15% | Daily | Sep 11, 2025 |
| Private Credit (% GDP) | 29.65% | 28.7% | Yearly | 2024 |
| House Price Index | 210 points | 204 points | Quarterly | Q2 2025 |
| Consumer Confidence | -12.4 points | -13.3 points | Monthly | Sep'25 |
| Business Confidence | -4.3 points | -5.2 points | Monthly | Sep'25 |
| Adult Literacy Rate | 99.9% | 100% | Yearly | 2021 |
| Gini Index | 33.7 points | 34.3 points | Yearly | 2022 |
| Happiness Index | 6.21 points | 6.23 points | Yearly | 2024 |
| Homicide Rate | 3.04 | 3.69 | Yearly | 2021 |
| Population | 1.86M | 1.88M | Yearly | 2024 |
| Poverty Rate | 0.4% | 0.5% | Yearly | 2022 |
| Primary Enrollment Rate | 99.42% | 99.74% | Yearly | 2022 |
| Agricultural Land (%) | 31.66% | 31.66% | Yearly | 2022 |
| Annual CO2 Emissions | 6.51M tonnes | 6.62M tonnes | Yearly | 2023 |
| Forest Area (%) | 54.93% | 54.87% | Yearly | 2022 |
| Corruption Control | 0.7 points | 0.69 points | Yearly | 2023 |
| Political stability index | 0.59 points | 0.49 points | Yearly | 2023 |
| Infant Mortality Rate | 2.5 | 2.7 | Yearly | 2023 |
| Life Expectancy | 75.68 | 74.28 | Yearly | 2023 |
| Physicians per 1,000 people | 3.38 | 3.35 | Yearly | 2021 |
| Electricity Access | 100% | 100% | Yearly | 2023 |
| Internet Users | 92.2% | 91% | Yearly | 2023 |
| Visitor Arrivals | 3.2M | 8.34M | Yearly | 2020 |