Latvia GDP per Capita
GDP divided by mid-year population, current US dollars.
GDP per Capita in Latvia increased to 26,311.97 USD in 2025 from 23,578.97 USD in 2024.
Latvia GDP per Capita — History
Drag or pinch to zoom. Dashed line: IMF World Economic Outlook projection. Other sources can be switched on in the legend.
Latvia GDP per Capita — analysis in simple words
Latest reading
GDP per Capita in Latvia increased to 26,311.97 USD in 2025 from 23,578.97 USD in 2024.
It has risen in each of the last three years.
Recent trend
A year earlier (2024) it was $23,579, so the latest figure is $2,733 higher.
Over the past five years the average was $22,617, with a range from $20,221 to $26,312. The latest value is above that five-year average.
Historical context
This data series starts in 1995 and has 31 annual observations. The latest reading is higher than 97% of all of them.
The highest value on record is $26,312 (2025) and the lowest is $2,257 (1995). The long-run average is $11,842.
Compared with other countries
Among 214 economies with recent data, Latvia ranks 64th from the top. The median across all these economies is $9,540, so Latvia is above the typical country.
Within Europe & Central Asia (57 economies with data) it ranks 35th; the regional median is $32,959.
IMF outlook
The IMF World Economic Outlook projects $28,630 in 2026 and $30,423 in 2027 for Latvia. Projections are forecasts, not actual data, and are revised as new information arrives.
Statistics
- Latest
- $26,3122025
- Previous
- $23,579
- 5-year average
- $22,617
- Long-run average
- $11,842since 1995
- All-time high
- $26,3122025
- All-time low
- $2,2571995
- Observations
- 31Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2025 | $26,312 | ▲ +2,733.0 |
| 2024 | $23,579 | ▲ +868.7 |
| 2023 | $22,710 | ▲ +2,489.2 |
| 2022 | $20,221 | ▼ −40.8 |
| 2021 | $20,262 | ▲ +2,697.7 |
| 2020 | $17,564 | ▲ +269.3 |
| 2019 | $17,295 | ▲ +42.8 |
| 2018 | $17,252 | ▲ +2,119.7 |
| 2017 | $15,132 | ▲ +1,294.0 |
| 2016 | $13,839 | ▲ +516.6 |
| 2015 | $13,322 | ▼ −1,863.8 |
| 2014 | $15,186 | ▲ +701.3 |
| 2013 | $14,484 | ▲ +1,155.1 |
| 2012 | $13,329 | ▲ +426.8 |
| 2011 | $12,903 | ▲ +1,714.2 |
| 2010 | $11,188 | ▼ −807.6 |
| 2009 | $11,996 | ▼ −3,681.6 |
| 2008 | $15,678 | ▲ +2,306.6 |
| 2007 | $13,371 | ▲ +4,159.2 |
| 2006 | $9,212 | ▲ +1,928.0 |
| 2005 | $7,284 | ▲ +1,174.1 |
| 2004 | $6,110 | ▲ +1,195.2 |
| 2003 | $4,915 | ▲ +911.0 |
| 2002 | $4,004 | ▲ +499.0 |
| 2001 | $3,505 | ▲ +226.4 |
| 2000 | $3,278 | ▲ +214.3 |
| 1999 | $3,064 | ▲ +170.1 |
| 1998 | $2,894 | ▲ +283.9 |
| 1997 | $2,610 | ▲ +249.7 |
| 1996 | $2,360 |
GDP per Capita — Latvia vs Peers
Latest available reading for each economy (periods may differ). Latvia highlighted.
More Latvia indicators
Understanding GDP per Capita — a simple guide
What it measures
GDP divided by mid-year population, in current US dollars.
How it is calculated
GDP ÷ population. It shows average output (roughly, average income) per person in US dollars.
A country with GDP of $4,000 billion and 1,450 million people has GDP per capita of about $2,760.
Higher values usually mean higher average incomes and living standards.
Lower values mean lower average income; the World Bank uses similar measures to group countries by income level.
Why it matters for the economy and markets
It is a rough measure of average income and living standards and is used to classify countries by income level.
How to read it
Market exchange rates can understate living standards in lower-cost countries — compare with GDP per capita PPP.
What to look at alongside it
GDP per capita PPP, population growth and inequality.
Key terms
- Per capita
- Per person.
Data source
World Bank — World Development Indicators (series NY.GDP.PCAP.CD), annual data from 1995 to 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gdp per capita of Latvia?
What is the highest and lowest gdp per capita of Latvia?
What is the IMF projection for Latvia gdp per capita?
What does gdp per capita measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.