Latvia’s GDP Growth
#174 of 189 in the GDP Growth progress rankings
Measured as the annual percentage change in real GDP at constant national prices, this indicator shows the year-on-year rate of economic expansion. It reveals economic momentum and growth trends (higher is better).
Latest (2024)
-0.4 %
Year-over-year
-3.3 %
Change since start (1991→2024)
+12.2 %
Key insights
- From 1991 to 2024, GDP Growth changed by +12.2 %.
- Most recent year-over-year change (2023→2024): -3.3 %.
- Lowest level: -32.1 % in 1992.
- Highest level: 12.8 % in 2006.
GDP Growth Chart (1991–2024)
*Average based on available data from 193 UN member countries
GDP Growth Table (1991–2024)
| Year | GDP Growth |
|---|---|
| 1991 | -12.6 % |
| 1992 | -32.1 % |
| 1993 | -5.0 % |
| 1994 | 2.2 % |
| 1995 | -0.9 % |
| 1996 | 2.3 % |
| 1997 | 9.2 % |
| 1998 | 6.6 % |
| 1999 | 2.8 % |
| 2000 | 5.8 % |
| 2001 | 6.5 % |
| 2002 | 7.7 % |
| 2003 | 8.4 % |
| 2004 | 8.7 % |
| 2005 | 11.6 % |
| 2006 | 12.8 % |
| 2007 | 10.4 % |
| 2008 | -3.4 % |
| 2009 | -16.0 % |
| 2010 | -3.7 % |
| 2011 | 3.0 % |
| 2012 | 7.3 % |
| 2013 | 2.1 % |
| 2014 | 2.1 % |
| 2015 | 3.8 % |
| 2016 | 2.6 % |
| 2017 | 3.4 % |
| 2018 | 4.3 % |
| 2019 | 0.7 % |
| 2020 | -3.5 % |
| 2021 | 6.9 % |
| 2022 | 1.8 % |
| 2023 | 2.9 % |
| 2024 | -0.4 % |
Source: World Bank