Full Year GDP Growth in Latvia increased to 4.40 percent in 2021 from -3.70 percent in 2020. source: Central Statistical Bureau of Latvia

Full Year GDP Growth in Latvia averaged 3.74 percent from 1996 until 2021, reaching an all time high of 12.00 percent in 2006 and a record low of -14.20 percent in 2009. This page includes a chart with historical data for Latvia Full Year GDP Growth. Latvia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Full Year GDP Growth in Latvia is expected to reach 2.20 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Full Year GDP Growth is projected to trend around -0.30 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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Latvia Full Year GDP Growth

Related Last Previous Unit Reference
GDP Growth Rate -1.70 0.00 percent Sep 2022
GDP Annual Growth Rate -0.60 2.90 percent Sep 2022
GDP 38.87 33.65 USD Billion Dec 2021

Latvia Full Year GDP Growth
In Latvia, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
4.40 -3.70 12.00 -14.20 1996 - 2021 percent Yearly