The Gross Domestic Product per capita in Latvia was last recorded at 23060.68 US dollars in 2020. The GDP per Capita in Latvia is equivalent to 183 percent of the world's average. source: World Bank

GDP per capita in Latvia averaged 15495.83 USD from 1994 until 2020, reaching an all time high of 23774.28 USD in 2019 and a record low of 5159.35 USD in 1994. This page provides the latest reported value for - Latvia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia GDP per capita - values, historical data and charts - was last updated on July of 2021.

GDP per capita in Latvia is expected to reach 16100.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP per capita is projected to trend around 16700.00 USD in 2022, according to our econometric models.

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Latvia GDP per capita

Actual Previous Highest Lowest Dates Unit Frequency
23060.68 23774.28 23774.28 5159.35 1994 - 2020 USD Yearly
Constant 2010 USD

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.70 -1.50 6.70 -6.90 percent [+]
GDP Annual Growth Rate 10.30 -1.30 15.10 -15.60 percent [+]
GDP 33.51 34.06 50.87 4.50 USD Billion [+]
GDP Constant Prices 5927191.00 7225447.00 7326935.00 2504788.00 EUR Thousand [+]
Gross National Product 6609.00 8171.00 8171.00 936.00 EUR Million [+]
Gross Fixed Capital Formation 1280864.00 2043946.00 2422885.00 92703.00 EUR Thousand [+]
GDP per capita 23060.68 23774.28 23774.28 5159.35 USD [+]
GDP per capita PPP 29932.49 30858.75 30858.75 7796.00 USD [+]
GDP From Agriculture 159856.00 173240.00 315956.00 82079.00 EUR Thousand [+]
GDP From Construction 235846.00 473007.00 720378.00 106452.00 EUR Thousand [+]
GDP From Manufacturing 699195.00 824005.00 824005.00 362912.00 EUR Thousand [+]
GDP From Mining 188700.00 174470.00 297376.00 111912.00 EUR Thousand [+]
GDP From Public Administration 359620.00 631746.00 740699.00 248834.00 EUR Thousand [+]
GDP From Services 764712.00 1003126.00 1044348.00 187991.00 EUR Thousand [+]
GDP From Transport 445201.00 482990.00 639412.00 233137.00 EUR Thousand [+]


Latvia GDP per capita
The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population.