Latvia: Economic growth, quarterly

* indicates monthly or quarterly data series
The latest data from Q1 2025 show economic growth of -0.3 percent, which is an increase from the rate of growth of -0.5 percent in the previous quarter and a decrease compared to the growth rate of -0.2 percent in the same quarter last year. The economic growth time series for Latvia cover the period from Q1 1996 to Q1 2025. During that time span, the average growth rate for Latvia was 3.67 percent. The lowest rate of growth of -17.9 percent was recorded in Q3 2009 while the highest growth rate was 15.1 percent in Q1 2007. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series

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  • Measure: percent
  • Source: Eurostat

Recent values Latvia: Economic growth, percent change in quarterly real GDP
2025  Q1 -0.3
2024  Q4 -0.5
2024  Q3 -0.9
2024  Q2 0
2024  Q1 -0.2
2023  Q4 1.5
2023  Q3 2.8
2023  Q2 2.2


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest Reference Measure
 Economic growth 1.71 2023 percent
 GDP, constant dollars 31.9 2023 billion U.S. dollars
 GDP, current U.S. dollars 42.25 2023 billion U.S. dollars
 GDP per capita, current dollars 22,502.84 2023 U.S. dollars
 GDP per capita, PPP 38,368 2023 U.S. dollars
 GDP per capita, constant dollars 16,945.21 2023 U.S. dollars
 Productivity, relative to the U.S. 63.32 2022 index points
 Productivity, current USD 58.8 2023 USD per hour worked
 Economic growth, quarterly -0.30 Q1/2025 percent
 Economic growth Q-on-Q 0.00 Q1/2025 percent
 Gross Domestic Product (GDP) 9.12 Q1/2025 billion
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