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Latvia — GDP growth
GDP Growth (Annual %) for Latvia, 1991–2025.
Latest value · 2025
2.14%
GDP Growth (Annual %) · annual % · +117.0% since 1991
GDP growth for Latvia was 2.14% in 2025, according to the latest World Bank data. The series covers 35 years, from 1991 to 2025. The highest recorded value was 12.83% in 2006. The lowest was -32.12% in 1992 (about -15.0× the latest value).
Latvia ranks 141 of 212 economies on this measure (1 = highest), putting it in the top 67%. The median for Europe & Central Asia is 2.03%, so Latvia sits above it. It peaked in 2006 and has fallen 83% since. Over the last decade (2015–2025) the figure moved down 43%.
Key figures
Latest (2025)
2.14%
First (1991)
-12.60%
Change
+117.0%
Highest
12.83%
in 2006
Lowest
-32.12%
in 1992
Average
1.63%
Annual growth (CAGR)
—
Years of data
35
Recent years
| Year | annual % |
|---|---|
| 2025 | 2.14% |
| 2024 | -0.04% |
| 2023 | -0.94% |
| 2022 | 1.91% |
| 2021 | 6.94% |
| 2020 | -3.47% |
| 2019 | 0.68% |
| 2018 | 4.31% |
| 2017 | 3.4% |
| 2016 | 2.55% |
| 2015 | 3.78% |
| 2014 | 2.09% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.