GDP Growth Rate
Year -
-0.44%
In 2024, Latvia experienced a significant a decrease in its GDP growth rate, which fall to -0.44% from 2.85% in 2023. Additionally, the GDP per capita growth rate in Latvia decrease to 0.36% in 2024, compared to 2.96% in 2023.
In 2024, Latvia experienced a decrease in economic performance, with the GDP growth rate falling by 3.29%. Additionally, the GDP per capita growth rate decrease by 2.6%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | - | - | - | - |
| 1979 | - | - | - | - |
| 1980 | - | - | - | - |
| 1981 | - | - | - | - |
| 1982 | - | - | - | - |
| 1983 | - | - | - | - |
| 1984 | - | - | - | - |
| 1985 | - | - | - | - |
| 1986 | - | - | - | - |
| 1987 | - | - | - | - |
| 1988 | - | - | - | - |
| 1989 | - | - | - | - |
| 1990 | - | - | - | - |
| 1991 | -12.6 | - | -12.18 | - |
| 1992 | -32.12% | -19.52% | -31.18% | -19.00% |
| 1993 | -4.98% | 27.14% | -3.09% | 28.09% |
| 1994 | 2.19% | 7.17% | 3.91% | 7.00% |
| 1995 | -0.94% | -3.13% | 0.48% | -3.43% |
| 1996 | 2.3% | 3.24% | 3.46% | 2.98% |
| 1997 | 9.17% | 6.87% | 10.27% | 6.81% |
| 1998 | 6.55% | -2.62% | 7.56% | -2.71% |
| 1999 | 2.82% | -3.73% | 3.66% | -3.90% |
| 2000 | 5.84% | 3.02% | 6.87% | 3.21% |
| 2001 | 6.46% | 0.62% | 7.84% | 0.97% |
| 2002 | 7.67% | 1.21% | 8.92% | 1.08% |
| 2003 | 8.43% | 0.76% | 9.48% | 0.56% |
| 2004 | 8.73% | 0.30% | 9.92% | 0.44% |
| 2005 | 11.62% | 2.89% | 12.83% | 2.91% |
| 2006 | 12.83% | 1.21% | 13.86% | 1.03% |
| 2007 | 10.41% | -2.42% | 11.32% | -2.54% |
| 2008 | -3.39% | -13.80% | -2.37% | -13.69% |
| 2009 | -16.04% | -12.65% | -14.64% | -12.27% |
| 2010 | -3.66% | 12.38% | -1.64% | 13.00% |
| 2011 | 3.04% | 6.70% | 4.93% | 6.57% |
| 2012 | 7.31% | 4.27% | 8.64% | 3.71% |
| 2013 | 2.1% | -5.21% | 3.2% | -5.44% |
| 2014 | 2.09% | -0.01% | 3.06% | -0.14% |
| 2015 | 3.78% | 1.69% | 4.64% | 1.58% |
| 2016 | 2.55% | -1.23% | 3.49% | -1.15% |
| 2017 | 3.4% | 0.85% | 4.32% | 0.83% |
| 2018 | 4.31% | 0.91% | 5.13% | 0.81% |
| 2019 | 0.68% | -3.63% | 1.38% | -3.75% |
| 2020 | -3.47% | -4.15% | -2.79% | -4.17% |
| 2021 | 6.94% | 10.41% | 7.85% | 10.64% |
| 2022 | 1.81% | -5.13% | 2.08% | -5.77% |
| 2023 | 2.85% | 1.04% | 2.96% | 0.88% |
| 2024 | -0.44% | -3.29% | 0.36% | -2.60% |