GDP of Latvia
Source | World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) |
IMF World Economic Outlook (April 2024) | |
Date | 07 May 2024 |
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
Year | GDP (billions of $/Int. $) | |
---|---|---|
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 |
Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
---|---|---|---|---|---|---|---|---|
Current | Constant (2015) | Current | Constant (2017) | 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 | - | - | - | - | - | - | - | - |
1991 | - | - | - | - | - | - | - | - |
1992 | - | - | - | - | - | - | - | - |
1993 | - | - | - | - | - | - | - | - |
1994 | - | - | - | - | - | - | - | - |
1995 | 5.79 | 12.35 | 13.70 | 23.85 | 0.0186 | 0.0363 | 102/193 | 108/180 |
1996 | 5.98 | 12.67 | 14.27 | 24.47 | 0.0187 | 0.0357 | 106/193 | 107/180 |
1997 | 6.53 | 13.79 | 15.78 | 26.63 | 0.0205 | 0.0373 | 102/193 | 106/181 |
1998 | 7.17 | 14.66 | 17.03 | 28.32 | 0.0226 | 0.0390 | 98/194 | 105/181 |
1999 | 7.53 | 15.07 | 17.70 | 29.10 | 0.0230 | 0.0386 | 101/195 | 106/182 |
2000 | 7.96 | 15.92 | 19.04 | 30.75 | 0.0235 | 0.0387 | 103/199 | 106/188 |
2001 | 8.36 | 16.93 | 21.14 | 32.70 | 0.0248 | 0.0409 | 98/201 | 103/189 |
2002 | 9.56 | 18.13 | 23.29 | 35.02 | 0.0273 | 0.0430 | 96/206 | 102/190 |
2003 | 11.77 | 19.66 | 25.31 | 37.97 | 0.0300 | 0.0443 | 92/206 | 101/190 |
2004 | 14.44 | 21.28 | 27.79 | 41.11 | 0.0327 | 0.0450 | 89/206 | 101/191 |
2005 | 17.00 | 23.57 | 31.15 | 45.52 | 0.0355 | 0.0468 | 89/206 | 100/191 |
2006 | 21.57 | 26.39 | 35.18 | 50.97 | 0.0416 | 0.0482 | 85/207 | 100/192 |
2007 | 31.05 | 29.01 | 40.14 | 56.04 | 0.0531 | 0.0508 | 83/207 | 99/192 |
2008 | 35.85 | 28.07 | 42.62 | 54.21 | 0.0558 | 0.0510 | 83/208 | 99/194 |
2009 | 26.41 | 24.07 | 36.46 | 46.48 | 0.0434 | 0.0433 | 93/208 | 106/195 |
2010 | 23.96 | 22.99 | 37.13 | 44.41 | 0.0359 | 0.0413 | 101/209 | 106/195 |
2011 | 27.47 | 23.59 | 39.65 | 45.56 | 0.0371 | 0.0414 | 102/212 | 106/196 |
2012 | 28.17 | 25.25 | 43.31 | 48.76 | 0.0373 | 0.0430 | 101/210 | 103/194 |
2013 | 30.20 | 25.75 | 45.56 | 49.74 | 0.0389 | 0.0432 | 101/211 | 104/196 |
2014 | 31.39 | 26.24 | 47.48 | 50.69 | 0.0393 | 0.0433 | 102/212 | 103/195 |
2015 | 27.26 | 27.26 | 49.38 | 52.66 | 0.0362 | 0.0441 | 101/210 | 103/195 |
2016 | 28.08 | 27.91 | 52.36 | 53.91 | 0.0367 | 0.0450 | 101/210 | 103/194 |
2017 | 30.48 | 28.83 | 55.69 | 55.69 | 0.0374 | 0.0454 | 100/210 | 103/194 |
2018 | 34.43 | 29.98 | 59.51 | 57.91 | 0.0398 | 0.0457 | 98/210 | 103/194 |
2019 | 34.23 | 30.16 | 63.72 | 58.25 | 0.0390 | 0.0464 | 99/210 | 103/194 |
2020 | 34.39 | 29.10 | 64.11 | 56.21 | 0.0403 | 0.0472 | 97/209 | 100/193 |
2021 | 39.44 | 31.06 | 69.31 | 59.99 | 0.0406 | 0.0461 | 95/207 | 100/193 |
2022 | 40.93 | 32.10 | 78.23 | 62.01 | 0.0406 | 0.0470 | 97/194 | 99/186 |