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Unit ( Billions of US dollars )
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According to the latest statistical data released by the World Bank in 2024, Latvia's GDP in 2021 was $38.87 billion, ranking 92nd in the world, 24th in the EU countries and 32nd in the European countries. In 2020, Latvia's GDP was $33.65 billion, ranking 98th in the world, 24th in the European Union and 32nd in the European countries. In 2019, Latvia's GDP was $34.31 billion, ranking 101st in the world, 24th in the European Union and 32nd in the European countries. In 2018, Latvia's GDP was $34.43 billion, ranking 100th in the world, 24th in the European Union and 32nd in the European countries. Latvia's GDP growth rates in 2021, 2020, 2019 and 2018 were 15.54%, -1.94%, -0.35% and 12.94% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2021 | $38.87 billion | 0.0405% |
| 2020 | $33.65 billion | 0.0396% |
| 2019 | $34.31 billion | 0.0391% |
| 2018 | $34.43 billion | 0.0398% |
| 2017 | $30.48 billion | 0.0374% |
| 2016 | $28.08 billion | 0.0367% |
| 2015 | $27.26 billion | 0.0363% |
| 2014 | $31.39 billion | 0.0394% |
| 2013 | $30.21 billion | 0.0389% |
| 2012 | $28.17 billion | 0.0373% |
| 2011 | $27.47 billion | 0.0372% |
| 2010 | $23.96 billion | 0.036% |
| 2009 | $26.41 billion | 0.0434% |
| 2008 | $35.85 billion | 0.0559% |
| 2007 | $31.05 billion | 0.0532% |
| 2006 | $21.57 billion | 0.0417% |
| 2005 | $17 billion | 0.0356% |
| 2004 | $14.44 billion | 0.0327% |
| 2003 | $11.77 billion | 0.0301% |
| 2002 | $9.56 billion | 0.0274% |
| 2001 | $8.36 billion | 0.0249% |
| 2000 | $7.96 billion | 0.0235% |
| 1999 | $7.53 billion | 0.023% |
| 1998 | $7.17 billion | 0.0227% |
| 1997 | $6.53 billion | 0.0206% |
| 1996 | $5.98 billion | 0.0188% |
| 1995 | $5.79 billion | 0.0186% |