Latvia has the 96th largest economy in the world . The gross domestic product (GDP) of Latvia is $27.04 (USD Billion) and its growth was 1.89% from 2014 to 2015. Its highest GDP was recorded in 2008 and its average GDP in the last 10 years is $28.26 (USD Billion).
Latvia GDP per capita is $13,664.94 (USD). However, when factoring in purchase power parity (PPP), it becomes $24,286.15 (USD), making it the 51st richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $20,091.06 (USD).
GDP Of Latvia Per Year
Latvia's GDP & Other Economic Statistics
|GNI per capita, PPP||24,220.00||23,510.00||24,220.00||International $|
|GNI, PPP||47.91||46.87||47.91||International $ Billion|
|GDP per capita, PPP||24,286.15||23,547.98||24,286.15||International $|
|GDP per capita growth||2.68||3.33||12.93||%|
|GDP per capita||13,664.94||15,692.19||16,323.77||USD|
|Gross domestic savings||6.64||6.32||7.91||USD Billion|
|Services, etc., value added||20.34||19.58||23.16||USD Billion|
|Industry, value added||6.48||6.37||7.84||USD Billion|
|Manufacturing, value added||3.37||3.37||3.46||USD Billion|
|Agriculture, value added||905.28||913.20||1,056.67||USD Million|
|Gross fixed capital formation||7.16||7.02||11.40||USD Billion|
|Tax revenue||13.99||13.22||14.78||% of GDP|
What is Gross Domestic Product (GDP)?
Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Latvia – current values and historical information. The information was last updated 2016.
GDP Of Latvia vs. Other Countries
|Rank||Country||GDP (USD Billion), 2005|