Nominal GDP
$48.62B
current US$ · 2025
World Bank
🇱🇻
Economy Snapshot
Latvia Economy and Trade
RigaLocal time
GDP $48.62B · real growth 2.1% · latest verified annual data
The latest comparable figures displayed for Latvia include $48.62B of nominal GDP in 2025 and 2.1% real growth in 2025. GDP per capita comes to $26,312 in the 2025 observation, while the latest CPI figure used here is 3.7% for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$26,312
current US$ · 2025
Source listed below
Real GDP growth
2.1%
annual % · 2025
Source listed below
Inflation
3.7%
CPI annual % · 2025
Source listed below
Latvia at a Glance
Each measure keeps its actual reference year and definition.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $26.34B2016: $27.12B2017: $29.39B2018: $33.25B2019: $33.10B2020: $33.38B2021: $38.18B2022: $38.00B2023: $42.78B2024: $44.00B2025: $48.62B
GDP per capita$26,312
Real growth2.1%
GDP year2025
2025 Inflation
3.7%
CPI annual %
2025 Unemployment
6.6%
labor-market measure
2025 GDP per capita
$26,312
current US$
Macro signals
Available measures are shown with their reported reference periods.
Macro signals
World Bank annual observations
Real growth20252.1%
Unemployment20256.6%
Inflation20253.7%
Understand the numbers
What Latvia's economic profile is telling you
Latvia's economy grew by 2.1 percent in 2025, with GDP per capita above $26,000. Inflation was 3.7 percent and modeled unemployment 6.6 percent in the current World Bank series. A merchandise balance is left unavailable pending a clean matched trade verification.
Reading the macro data
Nominal GDP measures current-dollar size. Real growth, inflation and unemployment describe different economic conditions and may use different reference years.
Reading the trade data
Merchandise trade covers goods. A balance appears only when exports and imports have a verified matching year and currency basis.
Detailed Economic Data
| Indicator | Latvia | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$ | $48.62B | 2025 | Actual |
| GDP per capitacurrent US$ | $26,312 | 2025 | Actual |
| Real GDP growthannual % | 2.1% | 2025 | Actual |
| InflationCPI annual % | 3.7% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 6.6% | 2025 | Estimate |
| Merchandise balancematched year required | Not calculated | Unavailable | Unavailable |
Frequently Asked Questions
What is Latvia's latest GDP?
The World Bank GDP observation used here is $48.62B for 2025.
What does merchandise trade show for Latvia?
A matched merchandise export and import pair was not independently resolved on this page, so no goods balance is calculated.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Core macroeconomic indicators with explicit reference years.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise trade where independently resolved.
Official data: WTO economy profiles