Latvia 2025
Detailed economic analysis and indicators for 2025
Key Economic Indicators (2025)
GDP (Current USD)
$45.21 billion
↑ 3.34% vs 2024GDP per Capita
$24,078.28
↑ 3.34% vs 2024GDP Growth (Annual %)
3.34%
↓ 0.20pp vs 2024Inflation Rate (CPI %)
2.13%
↑ 0.86pp vs 2024Year-over-Year Comparison
| Indicator | 2024 | 2025 | Change |
|---|---|---|---|
| GDP (Current USD) | $43.74 billion | $45.21 billion | +3.34% |
| GDP per Capita | $23,299.68 | $24,078.28 | +3.34% |
| GDP Growth (Annual %) | 3.54% | 3.34% | -0.20pp |
| Inflation (CPI %) | 1.27% | 2.13% | +0.86pp |
| Unemployment Rate (%) | 6.72% | 6.57% | -0.15pp |
All Economic Indicators (2025)
National Accounts
- GDP (Current USD)
- $45.21 billion
- GDP per Capita
- $24,078.28
- GDP Growth (Annual %)
- 3.34%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.13%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 6.57%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2025, Latvia's Gross Domestic Product (GDP) is $45.21 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2025 is $24,078.28. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2025 is 2.13%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2025 is 3.34%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2025 is 6.57%. This represents the percentage of the labor force that is unemployed and actively seeking employment.