Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD

1995 - 2027 | Yearly | USD bn | Organisation for Economic Co-operation and Development

Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data was reported at 40.805 USD bn in 2027. This records an increase from the previous number of 39.806 USD bn for 2026. Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data is updated yearly, averaging 28.616 USD bn from Dec 1995 (Median) to 2027, with 33 observations. The data reached an all-time high of 40.805 USD bn in 2027 and a record low of 14.607 USD bn in 1995. Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Latvia – Table LV.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual.

View Latvia's Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD from 1995 to 2027 in the chart:

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Latvia Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD

What was Latvia's Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD in 2027?

Last	Previous	Min	Max	Unit	Frequency	Range
40.805 2027	39.806 2026	14.607 1995	40.805 2027	USD bn	yearly	1995 - 2027

Related Indicators for Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD

Related indicators	Last	Frequency	Range
Latvia Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD (USD bn)	40.805 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: Gross Domestic Product (GDP): Volume (EUR bn)	33.398 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Final Consumption Expenditure: Private (EUR bn)	18.842 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Total Expenditure (EUR bn)	56.644 2027	yearly	1996 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Final Domestic Expenditure (EUR bn)	34.141 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Gross Capital Formation (EUR bn)	9.937 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Gross Capital Formation: Gross Fixed Capit... (EUR bn)	8.412 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Gross Capital Formation: GFCF: Housing (EUR bn)	0.760 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Total Domestic Expenditure (EUR bn)	35.253 2027	yearly	1996 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Final Consumption Expenditure: Government (EUR bn)	6.903 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Exports of Goods and Services (EUR bn)	21.401 2027	yearly	1995 - 2027
Latvia Ref. Year = 2020: GDP: Volume: Imports of Goods and Services (EUR bn)	23.210 2027	yearly	1995 - 2027

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Latvia Key Series

National Accounts	Last	Frequency	Range
Forecast: GDP PPP Per Capita (PPP Intl $)	49,984.890 2027	yearly	1992 - 2027
Forecast: Nominal GDP Per Capita (USD)	33,119.532 2028	yearly	1992 - 2028
Forecast: Real GDP Growth (%)	3.377 2027	yearly	1993 - 2027
GDP Deflator Growth (%)	5.9 Sep 2025	quarterly	Mar 1996 - Sep 2025
GDP per Capita (USD)	23,407.484 2024	yearly	1995 - 2024
Gross Fixed Capital Formation (USD mn)	3,357.758 Sep 2025	quarterly	Mar 1995 - Sep 2025
Gross National Product (GNP) (USD mn)	12,893.128 Sep 2025	quarterly	Mar 1995 - Sep 2025
Gross Savings Rate (%)	21.4 Sep 2025	quarterly	Mar 1995 - Sep 2025
Investment: % of GDP (%)	25.5 Sep 2025	quarterly	Mar 1992 - Sep 2025
Nominal GDP (USD mn)	12,499.0 Sep 2025	quarterly	Mar 1995 - Sep 2025
Nominal GDP Growth (%)	7.758 Sep 2025	quarterly	Mar 1996 - Sep 2025
Private Consumption Expenditure (USD mn)	7,595.517 Sep 2025	quarterly	Mar 1995 - Sep 2025
Private Consumption: % of GDP (%)	58.1 Sep 2025	quarterly	Mar 1995 - Sep 2025
Public Consumption Expenditure (USD mn)	2,682.213 Sep 2025	quarterly	Mar 1995 - Sep 2025
Public Consumption: % of GDP (%)	20.5 Sep 2025	quarterly	Mar 1992 - Sep 2025
Real GDP Growth (%)	1.8 Sep 2025	quarterly	Mar 1996 - Sep 2025
Total Trade of Goods & Services: % of Nominal GDP (%)	129.057 Sep 2025	quarterly	Mar 1992 - Sep 2025

Production	Last	Frequency	Range
Industrial Production Index Growth (%)	6.1 Sep 2025	monthly	Jan 2001 - Sep 2025
Minerals Production (Metric Ton)	348,070.000 2023	yearly	2009 - 2023

Sales, Orders, Inventory & Shipments	Last	Frequency	Range
New Orders Growth (%)	-5.7 Dec 2012	monthly	Jan 2006 - Dec 2012

Construction and Properties	Last	Frequency	Range
Building Permits (Unit)	1,198.000 Sep 2025	quarterly	Mar 2003 - Sep 2025
House Prices Growth (%)	6.7 Jun 2025	quarterly	Mar 2007 - Jun 2025
Nominal Residential Property Price Index (2010=100)	261.620 Jun 2025	quarterly	Mar 2006 - Jun 2025
Nominal Residential Property Price Index Growth (%)	6.740 Jun 2025	quarterly	Mar 2007 - Jun 2025
Real Residential Property Price Index (2010=100)	160.500 Jun 2025	quarterly	Mar 2006 - Jun 2025
Real Residential Property Price Index Growth (%)	2.865 Jun 2025	quarterly	Mar 2007 - Jun 2025

Government and Public Finance	Last	Frequency	Range
Consolidated Fiscal Balance: % of GDP (%)	-2.2 Sep 2025	quarterly	Dec 1999 - Sep 2025
Forecast: Government Expenditure (EUR bn)	24.710 2030	yearly	1998 - 2030
Forecast: Government Net Debt (EUR bn)	29.376 2030	yearly	1998 - 2030
Forecast: Government Revenue (EUR bn)	22.340 2030	yearly	1998 - 2030
Government Debt: % of GDP (%)	45.2 Sep 2025	quarterly	Mar 2000 - Sep 2025
National Government Debt (USD mn)	22,255.4 Sep 2025	quarterly	Mar 2000 - Sep 2025
Tax Revenue (USD mn)	2,982.355 Sep 2025	quarterly	Mar 1999 - Sep 2025
Consolidated Fiscal Balance (USD mn)	282.710 Jun 2025	quarterly	Mar 1999 - Jun 2025
Tax Revenue: % of GDP (%)	23.6 Jun 2025	quarterly	Mar 1999 - Jun 2025

More Indicators for Latvia

Indicators	Last	Frequency	Range
Latvia New Orders Index: sa: ND: Mfg: Medical, Precision and Optical Instruments... (2000=100)	796.70 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia New Orders Index: sa: ND: Mfg: Motor Vehicles, Trailers and Semi Trailers (2000=100)	626.20 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia New Orders Index: sa: ND: Mfg: Other Transport Equipment (2000=100)	343.00 Dec 2008	monthly	Jan 2000 - Dec 2008
Latvia PPI: 2005=100: Mining and Quarrying (2005=100)	182.70 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Manufacturing (2005=100)	151.40 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Electricity, Gas, Steam and Water Supply (2005=100)	228.00 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia IPI: sa: Mfg: Food: Processing & Preserving Meat and Meat Products (2005=100)	107.55 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Food: Fish, Crustaceans and Molluscs (2005=100)	137.92 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Food: Processing & Preserving Fruit and Vegetables (2005=100)	127.16 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Food: Dairy Products (2005=100)	112.55 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Food: Bakery and Farinaceous Products (2005=100)	99.30 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Food: Other Food Products (2005=100)	111.51 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Basic Pharmaceutical Products (2005=100)	103.00 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Electrical Equipment (2005=100)	144.44 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Motor Vehicles, Trailers and Semi Trailers (2005=100)	149.22 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: Food: Processing & Preserving Meat and Meat Products (2005=100)	115.53 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: Food: Fish, Crustaceans and Molluscs (2005=100)	102.39 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: Food: Processing & Preserving Fruit and Vegetables (2005=100)	159.25 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: Food: Bakery and Farinaceous Products (2005=100)	76.90 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia IPI: Mfg: Food: Other Food Products (2005=100)	100.92 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: WP: Wood, Cork, Straw and Plaiting Materials (2005=100)	121.55 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: Mfg: Basic Pharmaceutical Products (2005=100)	124.08 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food (2005=100)	108.11 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Processing & Preserving Meat and Meat Products (2005=100)	131.07 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Fish, Crustaceans and Molluscs (2005=100)	117.09 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Processing & Preserving Fruit and Vegetables (2005=100)	103.77 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Dairy Products (2005=100)	163.43 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Bakery and Farinaceous Products (2005=100)	108.64 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Food: Other Food Products (2005=100)	78.40 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia IPI: ca: Mfg: Beverages (2005=100)	101.53 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Wearing Apparel (2005=100)	85.83 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: WP: Sawmilling and Planing of Wood (2005=100)	121.22 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: WP: Wood, Cork, Straw and Plaiting Materials (2005=100)	144.46 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Paper and Paper Products (2005=100)	123.66 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Wearing Apparel (2005=100)	128.03 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: WP: Wood, Cork, Straw and Plaiting Materials (2005=100)	111.45 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: sa: Mfg: Paper and Paper Products (2005=100)	147.71 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Basic Pharmaceutical Products (2005=100)	116.00 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Computer, Electronic and Optical Products (2005=100)	171.89 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Electrical Equipment (2005=100)	37.39 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Motor Vehicles, Trailers and Semi Trailers (2005=100)	113.53 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Furniture (2005=100)	138.50 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Others (2005=100)	161.08 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Mfg: Repair and Installation of Machinery and Equipment (2005=100)	93.41 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia IPI: ca: Electricity, Gas, Steam and Air Conditioning Supply (2005=100)	130.45 Nov 2013	monthly	Jan 2000 - Nov 2013
Latvia PPI: 2005=100: Mfg: Food Products (2005=100)	167.30 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Beverages (2005=100)	132.90 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Wood and Wood Products excl Furniture (2005=100)	146.10 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Paper and Paper Products (2005=100)	134.10 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Printing and Reproduction of Recorded Media (2005=100)	153.20 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Chemicals and Chemical Products (2005=100)	176.00 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Rubber and Plastic Products (2005=100)	131.30 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Other Non Metallic Mineral Products (2005=100)	145.60 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Basic Metals (2005=100)	168.70 Apr 2018	monthly	Jan 2003 - Apr 2018
Latvia PPI: 2005=100: Mfg: Fabricated Metal Products excl Machinery and Equipmen... (2005=100)	138.30 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Computer, Electronic and Optical Products (2005=100)	90.00 Apr 2018	monthly	Jan 2003 - Apr 2018
Latvia PPI: 2005=100: Mfg: Electrical Equipment (2005=100)	123.30 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Other Machinery and Equipment (2005=100)	158.10 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Motor Vehicles, Trailers and Semi Trailers (2005=100)	127.60 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Other Transport Equipment (2005=100)	148.10 Apr 2018	monthly	Jan 2002 - Apr 2018
Latvia PPI: 2005=100: Mfg: Others (2005=100)	142.40 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Mfg: Repair and Installation of Machinery and Equipment (2005=100)	154.30 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: Water Supply, Sewerage, Waste Management and Remediation A... (2005=100)	216.60 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: WS: Water Collection, Treatment and Supply (2005=100)	202.00 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia PPI: 2005=100: WS: Waste Collection, Treatment and Disposal Activities (2005=100)	231.90 Apr 2018	monthly	Jan 2000 - Apr 2018
Latvia Nominal Retail Trade Turnover Index: excl of Automotive Fuel (2005=100)	161.50 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Automotive Fuel (2005=100)	148.80 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Food, Beverages and Tobacco (2005=100)	173.30 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Non Specialized Stores: Food, Bevera... (2005=100)	172.10 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Food, Beverages ... (2005=100)	204.90 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Non Food Products: incl Automotive F... (2005=100)	150.70 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Non Food Products: excl Automotive F... (2005=100)	151.50 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Non Specialized Stores: Other Retail... (2005=100)	236.90 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Computers & Soft... (2005=100)	131.40 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Textiles, Footwe... (2005=100)	195.50 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: TG: Textiles (2005=100)	92.60 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: TG: Clothing, Fo... (2005=100)	206.20 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Audio and Video ... (2005=100)	54.50 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Hardware, Paints... (2005=100)	123.40 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Electrical House... (2005=100)	187.20 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Furniture and Ot... (2005=100)	128.60 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Music and Video ... (2005=100)	32.00 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Books, Newspaper... (2005=100)	56.30 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Sporting Equipme... (2005=100)	153.20 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Medical, Cosmeti... (2005=100)	196.90 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: MC: Medical and ... (2005=100)	191.70 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: MC: Cosmetic and... (2005=100)	210.20 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Flowers, Plants,... (2005=100)	117.60 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Specialized Stores: Watches, Jewelle... (2005=100)	197.80 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Second Hand Goods in Stores (2005=100)	106.20 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Retail Sale via Stalls and Markets (2005=100)	60.50 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Retail Sale via Mail Order Houses or... (2005=100)	299.80 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Nominal Retail Trade Turnover Index: Other Retail Sale Not in Stores, Sta... (2005=100)	156.60 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: excl of Automotive Fuel (2005=100)	131.30 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Specialized Stores: Automotive Fuel (2005=100)	88.10 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Food, Beverages and Tobacco (2005=100)	101.90 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Non Specialized Stores: Food, Beverages... (2005=100)	101.40 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Specialized Stores: Food, Beverages and... (2005=100)	116.80 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Non Food Products: incl Automotive Fuel (2005=100)	136.10 Dec 2012	monthly	Jan 2000 - Dec 2012
Latvia Real Retail Trade Turnover Index: Non Food Products: excl Automotive Fuel (2005=100)	156.20 Dec 2012	monthly	Jan 2000 - Dec 2012

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