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Latvia GDP per Capita

Latvia's GDP per capita rose to $16,951.36 in 2024, up from $16,890.63 in 2023, according to World Bank. This represents an increase of 0.4% ($60.73) from the previous year. Latvia has GDP per capita higher than the global median ($16,951 vs median $6,791). Compared with the median in Europe, Latvia is lower ($16,951 vs regional median $26,046) and ranks 33rd out of 47 countries in Europe.

Latvia's GDP rose to $43.52 billion in 2024, up from $42.57 billion in 2023.

Yearly Historical Data (1990-2024)

(in USD)
Year GDP per Capita (USD)
2024 16,951.36
2023 16,890.63
2022 16,404.98
2021 16,070.17
2020 14,900.73
2019 15,328.39
2018 15,120.07
2017 14,382.86
2016 13,787.34
2015 13,321.98
2014 12,731.68
2013 12,353.54
2012 11,971.01
2011 11,018.52
2010 10,500.87
2009 10,675.43
2008 12,506.69
2007 12,810.04
2006 11,507.46
2005 10,106.26
2004 8,957.23
2003 8,149
2002 7,443.23
2001 6,833.44
2000 6,336.38
1999 5,929.27
1998 5,719.99
1997 5,317.98
1996 4,822.9
1995 4,661.67
1994 4,639.51
1993 4,464.72
1992 4,607.11
1991 6,694.2
1990 7,622.7
Latvia GDP per Capita : Definition
GDP per Capita measures total economic output for Latvia divided by the number of people, adjusted to 2015 prices and measured in US dollars.
Indicator Last Value Prior Value Period
GDP $43.52B $42.57B 2024
GDP Annual Growth Rate -0.44% 2.85% 2024
GDP per Capita PPP $38,936.05 $38,796.55 2024
R&D Expenditure (% GDP) 0.76% 0.75% 2022
Real GDP $31.57B $31.71B 2024