Latvia: GDP, current U.S. dollars

* indicates monthly or quarterly data series

Gross Domestic Product, billions of U.S. dollars

 Latest value 40.93
 Year 2022
 Measure billion U.S. dollars
 Data availability 1995 - 2022
 Average 22.41
 Min - Max 5.79 - 40.93
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2022. The average value for Latvia during that period was 22.41 billion U.S. dollars with a minimum of 5.79 billion U.S. dollars in 1995 and a maximum of 40.93 billion U.S. dollars in 2022. The latest value from 2022 is 40.93 billion U.S. dollars. For comparison, the world average in 2022 based on 183 countries is 543.51 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Latvia - GDP, current U.S. dollars - Recent values chart

Historical chart
Latvia - GDP, current U.S. dollars - historical chart - 1995-2022

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 Related indicators Latest value Reference Measure
 Economic growth 3.36 2022 percent
 GDP, constant dollars 32.1 2022 billion U.S. dollars
 GDP, current U.S. dollars 40.93 2022 billion U.S. dollars
 GDP per capita, current dollars 21,779.50 2022 U.S. dollars
 GDP per capita, PPP 32,992 2022 U.S. dollars
 GDP per capita, constant dollars 17,081.34 2022 U.S. dollars
 Productivity, relative to the U.S. 63.32 2022 index points
 Productivity, current USD 57.9 2022 USD per hour worked
 Economic growth, quarterly 0.20 Q3/2023 percent
 Economic growth Q-on-Q -0.10 Q3/2023 percent
 Gross Domestic Product (GDP) 10.48 Q3/2023 billion
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