GDP Growth Rate in Latvia averaged 0.88 percent from 1995 until 2021, reaching an all time high of 6.90 percent in the third quarter of 2020 and a record low of -7 percent in the second quarter of 2020. This page provides - Latvia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
GDP Growth Rate in Latvia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Latvia to stand at 0.50 in 12 months time. In the long-term, the Latvia GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.90 percent in 2023, according to our econometric models.