Latvia — GDP growth
GDP Growth (Annual %) for Latvia, 1991–2025.
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%. Within Europe & Central Asia it ranks 26 of 57 economies; Bosnia and Herzegovina (2.13%) is just below it. Its sharpest one-year move was up 5869% in 2025. That is 11% above this series' own ten-year average.
Data highlights
World ranking. Climbed: 184th of 194 in 1991 → 56th of 199 in 2000 → 201st of 209 in 2010 → 98th of 209 in 2020 → 130th of 186 in 2025.
Key figures
Full history — 1991 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.14% | +2.2 pp |
| 2024 | -0.04% | +0.9 pp |
| 2023 | -0.94% | -2.9 pp |
| 2022 | 1.91% | -5.0 pp |
| 2021 | 6.94% | +10.4 pp |
| 2020 | -3.47% | -4.1 pp |
| 2019 | 0.68% | -3.6 pp |
| 2018 | 4.31% | +0.9 pp |
| 2017 | 3.4% | +0.8 pp |
| 2016 | 2.55% | -1.2 pp |
| 2015 | 3.78% | +1.7 pp |
| 2014 | 2.09% | -0.0 pp |
| 2013 | 2.1% | -5.2 pp |
| 2012 | 7.31% | +4.3 pp |
| 2011 | 3.04% | +6.7 pp |
| 2010 | -3.66% | +12.4 pp |
| 2009 | -16.04% | -12.7 pp |
| 2008 | -3.39% | -13.8 pp |
| 2007 | 10.41% | -2.4 pp |
| 2006 | 12.83% | +1.2 pp |
| 2005 | 11.62% | +2.9 pp |
| 2004 | 8.73% | +0.3 pp |
| 2003 | 8.43% | +0.8 pp |
| 2002 | 7.67% | +1.2 pp |
| 2001 | 6.46% | +0.6 pp |
| 2000 | 5.84% | +3.0 pp |
| 1999 | 2.82% | -3.7 pp |
| 1998 | 6.55% | -2.6 pp |
| 1997 | 9.17% | +6.9 pp |
| 1996 | 2.3% | +3.2 pp |
| 1995 | -0.94% | -3.1 pp |
| 1994 | 2.19% | +7.2 pp |
| 1993 | -4.98% | +27.1 pp |
| 1992 | -32.12% | -19.5 pp |
| 1991 | -12.6% | — |
Frequently asked questions
What was Latvia’s GDP growth in 1992?
-32.12% (1992). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Latvia’s GDP growth growing or shrinking?
Between 1991 and 2025 the series was growing overall: +117.0% in total.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.14%; 2024: -0.04%; 2023: -0.94%; 2022: 1.91%; 2021: 6.94%. Earlier years are in the full-history table below.
Related data
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.