GDP of Latvia

Source	World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant)
Source	IMF World Economic Outlook (April 2024)
Date	01 Sep 2024

Top Statistics

IPL 2024

List of continents by gdp per capita

Top 10 largest economies by GDP

According to the IMF World Economic Outlook (April 2024), Latvia's nominal GDP in 2024 is projected to be around $45 billion at current prices. Based on PPP, Latvia's GDP in 2024 is forecast at 78 billion international dollars.

Latvia has the 31st largest economy by GDP (nominal) and 31st by GDP (PPP) in Europe, the 99th largest by nominal GDP in the world, and 108th by GDP (PPP).

Nominal
PPP

Projections by IMF
Year	GDP (billions of $/Int. $)
Year	Nominal	PPP
2023	43.60	75.33
2024	45.47	78.42
2025	48.27	81.75
2026	50.75	85.36
2027	53.32	89.13
2028	56.02	93.08
2029	58.83	97.22

Estimates by World Bank
Year	GDP Nominal (billions of $)		GDP PPP (billions Int. $)		Share (%) to World		Rank/Total
Year	Current	Constant (2015)	Current	Constant (2021)	Nominal	PPP	Nominal	PPP
1960	-	-	-	-	-	-	-	-
1961	-	-	-	-	-	-	-	-
1962	-	-	-	-	-	-	-	-
1963	-	-	-	-	-	-	-	-
1964	-	-	-	-	-	-	-	-
1965	-	-	-	-	-	-	-	-
1966	-	-	-	-	-	-	-	-
1967	-	-	-	-	-	-	-	-
1968	-	-	-	-	-	-	-	-
1969	-	-	-	-	-	-	-	-
1970	-	-	-	-	-	-	-	-
1971	-	-	-	-	-	-	-	-
1972	-	-	-	-	-	-	-	-
1973	-	-	-	-	-	-	-	-
1974	-	-	-	-	-	-	-	-
1975	-	-	-	-	-	-	-	-
1976	-	-	-	-	-	-	-	-
1977	-	-	-	-	-	-	-	-
1978	-	-	-	-	-	-	-	-
1979	-	-	-	-	-	-	-	-
1980	-	-	-	-	-	-	-	-
1981	-	-	-	-	-	-	-	-
1982	-	-	-	-	-	-	-	-
1983	-	-	-	-	-	-	-	-
1984	-	-	-	-	-	-	-	-
1985	-	-	-	-	-	-	-	-
1986	-	-	-	-	-	-	-	-
1987	-	-	-	-	-	-	-	-
1988	-	-	-	-	-	-	-	-
1989	-	-	-	-	-	-	-	-
1990	-	21.64	20.47	48.29	-	0.0692	-	89/186
1991	-	18.92	18.50	42.21	-	0.0595	-	92/187
1992	-	12.84	12.85	28.65	-	0.0395	-	109/188
1993	-	12.20	12.49	27.23	-	0.0368	-	111/188
1994	-	12.47	13.04	27.82	-	0.0365	-	109/189
1995	5.79	12.35	13.70	27.56	0.0186	0.0363	103/199	110/190
1996	5.98	12.67	14.27	28.27	0.0188	0.0357	106/199	109/190
1997	6.53	13.79	15.78	30.77	0.0206	0.0373	103/199	108/192
1998	7.17	14.66	17.03	32.72	0.0226	0.0390	98/201	107/192
1999	7.53	15.07	17.70	33.62	0.0230	0.0386	101/202	107/192
2000	7.96	15.92	19.04	35.53	0.0235	0.0386	103/203	106/194
2001	8.36	16.93	21.14	37.78	0.0249	0.0409	98/204	103/194
2002	9.56	18.13	23.29	40.46	0.0274	0.0430	96/208	102/195
2003	11.77	19.66	25.31	43.86	0.0301	0.0442	92/208	101/195
2004	14.44	21.28	27.79	47.50	0.0327	0.0449	89/208	101/195
2005	17.00	23.57	31.15	52.59	0.0356	0.0468	89/208	100/195
2006	21.57	26.39	35.18	58.88	0.0417	0.0482	85/209	100/196
2007	31.05	29.01	40.14	64.74	0.0532	0.0508	83/209	99/196
2008	35.85	28.07	42.62	62.63	0.0560	0.0510	83/210	99/199
2009	26.41	24.07	36.46	53.70	0.0435	0.0432	93/210	106/200
2010	23.96	22.99	37.13	51.31	0.0360	0.0413	101/210	106/200
2011	27.47	23.59	39.65	52.63	0.0371	0.0414	102/213	106/201
2012	28.17	25.25	43.31	56.34	0.0373	0.0429	101/211	103/199
2013	30.20	25.75	45.56	57.47	0.0388	0.0430	101/211	103/200
2014	31.39	26.24	47.48	58.56	0.0393	0.0432	102/212	103/199
2015	27.26	27.26	49.38	60.84	0.0362	0.0439	101/210	103/199
2016	28.08	27.91	52.36	62.28	0.0367	0.0447	101/210	104/198
2017	30.48	28.83	55.69	64.34	0.0374	0.0450	100/210	105/199
2018	34.43	29.98	59.51	66.91	0.0397	0.0452	98/210	104/199
2019	34.23	30.16	63.72	67.30	0.0389	0.0457	99/210	103/199
2020	34.39	29.10	64.11	64.94	0.0402	0.0461	97/209	101/198
2021	39.44	31.06	69.31	69.31	0.0404	0.0446	95/208	101/198
2022	40.42	31.98	77.25	71.36	0.0399	0.0449	98/202	102/194
2023	43.63	31.89	79.98	71.15	0.0414	0.0433	95/186	100/184