Latvia 2019
Detailed economic analysis and indicators for 2019
Key Economic Indicators (2019)
GDP (Current USD)
$33.10 billion
↓ 0.45% vs 2018GDP per Capita
$17,294.98
↑ 0.25% vs 2018GDP Growth (Annual %)
0.68%
↓ 3.63pp vs 2018Inflation Rate (CPI %)
2.81%
↑ 0.28pp vs 2018Year-over-Year Comparison
| Indicator | 2018 | 2019 | Change |
|---|---|---|---|
| GDP (Current USD) | $33.25 billion | $33.10 billion | -0.45% |
| GDP per Capita | $17,252.17 | $17,294.98 | +0.25% |
| GDP Growth (Annual %) | 4.31% | 0.68% | -3.63pp |
| Inflation (CPI %) | 2.53% | 2.81% | +0.28pp |
| Unemployment Rate (%) | 7.41% | 6.31% | -1.10pp |
All Economic Indicators (2019)
National Accounts
- GDP (Current USD)
- $33.10 billion
- GDP per Capita
- $17,294.98
- GDP Growth (Annual %)
- 0.68%
- Gross National Income
- $33.73 billion
Prices & Employment
- Inflation (CPI %)
- 2.81%
- Inflation (GDP Deflator %)
- 4.32%
- Unemployment Rate (%)
- 6.31%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -0.17%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2019, Latvia's Gross Domestic Product (GDP) is $33.10 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2019 is $17,294.98. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2019 is 2.81%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2019 is 0.68%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2019 is 6.31%. This represents the percentage of the labor force that is unemployed and actively seeking employment.