01 · Economic overview

What should a reader know first?

Latest values orient the reader; the three-era analysis below shows how the economic record developed.

Nominal GDP$43.68B2024 · Latest current-price total · World rank 100 of 210

Real GDP growth-0.0%2024 · Latest constant-price annual change · Constant-price annual change

GDP per capita$23,3372024 · Current U.S. dollars; not PPP adjusted · Current U.S. dollars; not PPP adjusted

Share of world GDP0.0%2024 · Share of the official world total · Official world aggregate denominator

Largest broad activity45.5%2024 · Largest broad production activity · Other activities

Manufacturing11.4%2024 · Share of total gross value added · World gap −4.3 pp

Economic overview annual rank and index table35 annual rows

Annual core economic measures, world ranks and comparable world indices. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic overview annual rank and index table

Latvia	1990	$9.27B	Not published	Not published	0.0 (world = 100)	Not published	Not published	Not published	Not published	$3,483	Not published	Not published	80.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1991	$8.58B	Not published	Not published	0.0 (world = 100)	-10.4%	Not published	Not published	-11.6 pp vs world	$3,240	Not published	Not published	72.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1992	$5.72B	Not published	Not published	0.0 (world = 100)	-34.9%	Not published	Not published	-36.9 pp vs world	$2,187	Not published	Not published	46.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1993	$4.98B	Not published	Not published	0.0 (world = 100)	-14.9%	Not published	Not published	-16.6 pp vs world	$1,943	Not published	Not published	41.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1994	$5.12B	Not published	Not published	0.0 (world = 100)	0.6%	Not published	Not published	-2.6 pp vs world	$2,032	Not published	Not published	40.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1995	$5.24B	Not published	Not published	0.0 (world = 100)	0.2%	Not published	Not published	-2.9 pp vs world	$2,107	Not published	Not published	38.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1996	$5.80B	Not published	Not published	0.0 (world = 100)	2.3%	Not published	Not published	-1.3 pp vs world	$2,359	Not published	Not published	43.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1997	$6.35B	Not published	Not published	0.0 (world = 100)	9.2%	Not published	Not published	+5.3 pp vs world	$2,610	Not published	Not published	48.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1998	$6.97B	Not published	Not published	0.0 (world = 100)	6.6%	Not published	Not published	+3.7 pp vs world	$2,894	Not published	Not published	54.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1999	$7.32B	Not published	Not published	0.0 (world = 100)	2.8%	Not published	Not published	-0.8 pp vs world	$3,063	Not published	Not published	56.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2000	$7.76B	Not published	Not published	0.0 (world = 100)	5.8%	Not published	Not published	+1.4 pp vs world	$3,277	Not published	Not published	59.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2001	$8.19B	Not published	Not published	0.0 (world = 100)	6.5%	Not published	Not published	+4.4 pp vs world	$3,503	Not published	Not published	65.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2002	$9.25B	Not published	Not published	0.0 (world = 100)	7.7%	Not published	Not published	+5.5 pp vs world	$4,002	Not published	Not published	72.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2003	$11.24B	Not published	Not published	0.0 (world = 100)	8.4%	Not published	Not published	+5.4 pp vs world	$4,912	Not published	Not published	80.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2004	$13.83B	Not published	Not published	0.0 (world = 100)	8.7%	Not published	Not published	+4.3 pp vs world	$6,107	Not published	Not published	89.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2005	$16.31B	Not published	Not published	0.0 (world = 100)	11.6%	Not published	Not published	+7.6 pp vs world	$7,280	Not published	Not published	99.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2006	$20.44B	Not published	Not published	0.0 (world = 100)	12.8%	Not published	Not published	+8.4 pp vs world	$9,209	Not published	Not published	118.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2007	$29.42B	Not published	Not published	0.1 (world = 100)	10.4%	Not published	Not published	+6.1 pp vs world	$13,369	Not published	Not published	153.9 (world = 100)	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	2008	$34.13B	Not published	Not published	0.1 (world = 100)	-3.4%	Not published	Not published	-5.4 pp vs world	$15,674	Not published	Not published	166.5 (world = 100)	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	2009	$25.69B	Not published	Not published	0.0 (world = 100)	-16.0%	Not published	Not published	-14.6 pp vs world	$11,995	Not published	Not published	136.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2010	$23.48B	Not published	Not published	0.0 (world = 100)	-3.7%	Not published	Not published	-8.1 pp vs world	$11,191	Not published	Not published	117.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2011	$26.81B	Not published	Not published	0.0 (world = 100)	3.0%	Not published	Not published	-0.2 pp vs world	$13,013	Not published	Not published	124.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2012	$27.12B	Not published	Not published	0.0 (world = 100)	7.3%	Not published	Not published	+4.6 pp vs world	$13,330	Not published	Not published	126.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2013	$29.15B	Not published	Not published	0.0 (world = 100)	2.1%	Not published	Not published	-0.7 pp vs world	$14,480	Not published	Not published	134.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2014	$30.28B	Not published	Not published	0.0 (world = 100)	2.1%	Not published	Not published	-1.0 pp vs world	$15,183	Not published	Not published	139.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2015	$26.34B	Not published	Not published	0.0 (world = 100)	3.8%	Not published	Not published	+0.6 pp vs world	$13,320	Not published	Not published	130.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2016	$27.12B	Not published	Not published	0.0 (world = 100)	2.6%	Not published	Not published	-0.2 pp vs world	$13,836	Not published	Not published	135.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2017	$29.39B	Not published	Not published	0.0 (world = 100)	3.4%	Not published	Not published	-0.0 pp vs world	$15,130	Not published	Not published	140.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2018	$33.25B	Not published	Not published	0.0 (world = 100)	4.3%	Not published	Not published	+1.1 pp vs world	$17,248	Not published	Not published	152.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2019	$33.10B	Not published	Not published	0.0 (world = 100)	0.7%	Not published	Not published	-1.9 pp vs world	$17,291	Not published	Not published	152.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2020	$33.38B	Not published	Not published	0.0 (world = 100)	-3.5%	Not published	Not published	-0.5 pp vs world	$17,558	Not published	Not published	160.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2021	$38.18B	Not published	Not published	0.0 (world = 100)	6.9%	Not published	Not published	+0.5 pp vs world	$20,250	Not published	Not published	163.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2022	$38.00B	Not published	Not published	0.0 (world = 100)	1.9%	Not published	Not published	-1.4 pp vs world	$20,203	Not published	Not published	157.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2023	$42.78B	Not published	Not published	0.0 (world = 100)	-0.9%	Not published	Not published	-3.9 pp vs world	$22,726	Not published	Not published	171.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2024	$43.68B	Not published	Not published	0.0 (world = 100)	-0.0%	Not published	Not published	-2.9 pp vs world	$23,337	Not published	Not published	170.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

The long view

Real output, indexed to a shared starting year

Indexing allows the country and benchmark trajectories to be compared without confusing their very different economic sizes.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaEuropeNorthern EuropeWorldConstant prices · U.S. dollars · index, shared start = 100

02 · Economic size and world position

How large is the economy, and where does it sit globally?

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Full historical record

Nominal GDP

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldCurrent prices · U.S. dollars

Formation1970–1990

$9.27B → $9.27B

Compound annual change: 0.0% CAGR

Integration1990–2010

$9.27B → $23.48B

Compound annual change: +4.8% CAGR

Current era2010–2024

$23.48B → $43.68B

Compound annual change: +4.5% CAGR

Nominal GDP$43.68B2024 · Published series · World rank 100 of 210 · highest-to-lowest

Real GDP$36.02B2024 · Published series · World rank unavailable

Share of world GDP0.0%2024 · Derived measure · World rank unavailable

Economic size and world position: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the economic size and world position section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic size and world position: annual rates, ranks and comparison indices

Latvia	1990	$9.27B	Not published	Not published	0.0 (world = 100)	$27.26B	Not published	Not published	0.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1991	$8.58B	Not published	Not published	0.0 (world = 100)	$24.42B	Not published	Not published	0.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1992	$5.72B	Not published	Not published	0.0 (world = 100)	$15.91B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1993	$4.98B	Not published	Not published	0.0 (world = 100)	$13.54B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1994	$5.12B	Not published	Not published	0.0 (world = 100)	$13.63B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1995	$5.24B	Not published	Not published	0.0 (world = 100)	$13.66B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1996	$5.80B	Not published	Not published	0.0 (world = 100)	$13.97B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1997	$6.35B	Not published	Not published	0.0 (world = 100)	$15.25B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1998	$6.97B	Not published	Not published	0.0 (world = 100)	$16.25B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1999	$7.32B	Not published	Not published	0.0 (world = 100)	$16.71B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2000	$7.76B	Not published	Not published	0.0 (world = 100)	$17.68B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2001	$8.19B	Not published	Not published	0.0 (world = 100)	$18.83B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2002	$9.25B	Not published	Not published	0.0 (world = 100)	$20.27B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2003	$11.24B	Not published	Not published	0.0 (world = 100)	$21.98B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2004	$13.83B	Not published	Not published	0.0 (world = 100)	$23.89B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2005	$16.31B	Not published	Not published	0.0 (world = 100)	$26.67B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2006	$20.44B	Not published	Not published	0.0 (world = 100)	$30.09B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2007	$29.42B	Not published	Not published	0.1 (world = 100)	$33.22B	Not published	Not published	0.1 (world = 100)	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	2008	$34.13B	Not published	Not published	0.1 (world = 100)	$32.10B	Not published	Not published	0.0 (world = 100)	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	2009	$25.69B	Not published	Not published	0.0 (world = 100)	$26.95B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2010	$23.48B	Not published	Not published	0.0 (world = 100)	$25.96B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2011	$26.81B	Not published	Not published	0.0 (world = 100)	$26.75B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2012	$27.12B	Not published	Not published	0.0 (world = 100)	$28.71B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2013	$29.15B	Not published	Not published	0.0 (world = 100)	$29.31B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2014	$30.28B	Not published	Not published	0.0 (world = 100)	$29.92B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2015	$26.34B	Not published	Not published	0.0 (world = 100)	$31.05B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2016	$27.12B	Not published	Not published	0.0 (world = 100)	$31.85B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2017	$29.39B	Not published	Not published	0.0 (world = 100)	$32.93B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2018	$33.25B	Not published	Not published	0.0 (world = 100)	$34.35B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2019	$33.10B	Not published	Not published	0.0 (world = 100)	$34.58B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2020	$33.38B	Not published	Not published	0.0 (world = 100)	$33.38B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2021	$38.18B	Not published	Not published	0.0 (world = 100)	$35.70B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2022	$38.00B	Not published	Not published	0.0 (world = 100)	$36.38B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2023	$42.78B	Not published	Not published	0.0 (world = 100)	$36.04B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2024	$43.68B	Not published	Not published	0.0 (world = 100)	$36.02B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Current U.S.-dollar GDP reflects domestic prices and exchange rates as well as production. It is not PPP adjusted.

Latest common comparison

Europe$27.20T2024

Northern Europe$6.28T2024

World$111.57T2024

03 · Output and income per person

What does the record show per person?

Current and constant-price per-person measures separate present-dollar scale from real change.

Full historical record

GDP per person

Current and constant-price per-person measures separate present-dollar scale from real change.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldCurrent prices · U.S. dollars per person

Formation1970–1990

$3,483 → $3,483

Compound annual change: 0.0% CAGR

Integration1990–2010

$3,483 → $11,191

Compound annual change: +6.0% CAGR

Current era2010–2024

$11,191 → $23,337

Compound annual change: +5.4% CAGR

GDP per person$23,3372024 · Published series · World rank 64 of 210 · highest-to-lowest

Real GDP per person$19,2432024 · Published series · World rank unavailable

Output and income per person: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the output and income per person section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Output and income per person: annual rates, ranks and comparison indices

Latvia	1990	$3,483	Not published	Not published	80.3 (world = 100)	$10,248	Not published	Not published	143.2 (world = 100)
Latvia	1991	$3,240	Not published	Not published	72.3 (world = 100)	$9,220	Not published	Not published	129.4 (world = 100)
Latvia	1992	$2,187	Not published	Not published	46.3 (world = 100)	$6,084	Not published	Not published	85.0 (world = 100)
Latvia	1993	$1,943	Not published	Not published	41.0 (world = 100)	$5,283	Not published	Not published	73.7 (world = 100)
Latvia	1994	$2,032	Not published	Not published	40.8 (world = 100)	$5,407	Not published	Not published	74.1 (world = 100)
Latvia	1995	$2,107	Not published	Not published	38.7 (world = 100)	$5,493	Not published	Not published	74.1 (world = 100)
Latvia	1996	$2,359	Not published	Not published	43.1 (world = 100)	$5,683	Not published	Not published	75.1 (world = 100)
Latvia	1997	$2,610	Not published	Not published	48.5 (world = 100)	$6,268	Not published	Not published	80.9 (world = 100)
Latvia	1998	$2,894	Not published	Not published	54.9 (world = 100)	$6,742	Not published	Not published	85.8 (world = 100)
Latvia	1999	$3,063	Not published	Not published	56.7 (world = 100)	$6,988	Not published	Not published	87.0 (world = 100)
Latvia	2000	$3,277	Not published	Not published	59.7 (world = 100)	$7,467	Not published	Not published	90.2 (world = 100)
Latvia	2001	$3,503	Not published	Not published	65.0 (world = 100)	$8,051	Not published	Not published	96.6 (world = 100)
Latvia	2002	$4,002	Not published	Not published	72.4 (world = 100)	$8,769	Not published	Not published	104.3 (world = 100)
Latvia	2003	$4,912	Not published	Not published	80.2 (world = 100)	$9,601	Not published	Not published	112.3 (world = 100)
Latvia	2004	$6,107	Not published	Not published	89.7 (world = 100)	$10,553	Not published	Not published	119.7 (world = 100)
Latvia	2005	$7,280	Not published	Not published	99.9 (world = 100)	$11,908	Not published	Not published	131.6 (world = 100)
Latvia	2006	$9,209	Not published	Not published	118.1 (world = 100)	$13,560	Not published	Not published	145.4 (world = 100)
Latvia	2007	$13,369	Not published	Not published	153.9 (world = 100)	$15,097	Not published	Not published	157.1 (world = 100)
Latvia	2008	$15,674	Not published	Not published	166.5 (world = 100)	$14,740	Not published	Not published	152.3 (world = 100)
Latvia	2009	$11,995	Not published	Not published	136.0 (world = 100)	$12,581	Not published	Not published	133.6 (world = 100)
Latvia	2010	$11,191	Not published	Not published	117.3 (world = 100)	$12,376	Not published	Not published	127.4 (world = 100)
Latvia	2011	$13,013	Not published	Not published	124.1 (world = 100)	$12,987	Not published	Not published	131.1 (world = 100)
Latvia	2012	$13,330	Not published	Not published	126.1 (world = 100)	$14,109	Not published	Not published	140.4 (world = 100)
Latvia	2013	$14,480	Not published	Not published	134.7 (world = 100)	$14,559	Not published	Not published	142.7 (world = 100)
Latvia	2014	$15,183	Not published	Not published	139.3 (world = 100)	$15,005	Not published	Not published	144.4 (world = 100)
Latvia	2015	$13,320	Not published	Not published	130.8 (world = 100)	$15,701	Not published	Not published	148.3 (world = 100)
Latvia	2016	$13,836	Not published	Not published	135.2 (world = 100)	$16,249	Not published	Not published	151.1 (world = 100)
Latvia	2017	$15,130	Not published	Not published	140.5 (world = 100)	$16,951	Not published	Not published	154.2 (world = 100)
Latvia	2018	$17,248	Not published	Not published	152.6 (world = 100)	$17,819	Not published	Not published	158.7 (world = 100)
Latvia	2019	$17,291	Not published	Not published	152.4 (world = 100)	$18,064	Not published	Not published	158.4 (world = 100)
Latvia	2020	$17,558	Not published	Not published	160.2 (world = 100)	$17,558	Not published	Not published	160.2 (world = 100)
Latvia	2021	$20,250	Not published	Not published	163.1 (world = 100)	$18,932	Not published	Not published	163.7 (world = 100)
Latvia	2022	$20,203	Not published	Not published	157.8 (world = 100)	$19,339	Not published	Not published	163.2 (world = 100)
Latvia	2023	$22,726	Not published	Not published	171.5 (world = 100)	$19,144	Not published	Not published	158.4 (world = 100)
Latvia	2024	$23,337	Not published	Not published	170.7 (world = 100)	$19,243	Not published	Not published	156.1 (world = 100)

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

GDP per person is an accounting average, not a measure of household income distribution or living costs.

Latest common comparison

Europe$36,4082024

Northern Europe$57,7922024

World$13,6732024

04 · Real growth and output prices

How quickly has real activity changed, and how have output prices moved?

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Full historical record

Real GDP growth

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldConstant prices · percent

Formation1970–1990

Unavailable

Change: Unavailable

Integration1990–2010

-10.4% → -3.7%

Average annual rate: +0.5%

Current era2010–2024

-3.7% → -0.0%

Average annual rate: +2.0%

Real GDP growth-0.0%2024 · Published series · World rank 187 of 210 · highest-to-lowest

Real GDP-per-person growth0.5%2024 · Published series · World rank 158 of 210 · highest-to-lowest

Implicit GDP deflator128.02024 · Published series · World rank unavailable

Real growth and output prices: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the real growth and output prices section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Real growth and output prices: annual rates, ranks and comparison indices

Latvia	1990	Not published	Not published	Not published	Not published	Not published	Not published	Not published	Not published	0.4	Not published	Not published
Latvia	1991	-10.4%	Not published	Not published	-11.6 pp vs world	-10.0%	Not published	Not published	-9.6 pp vs world	1.0	Not published	Not published
Latvia	1992	-34.9%	Not published	Not published	-36.9 pp vs world	-34.0%	Not published	Not published	-34.4 pp vs world	11.2	Not published	Not published
Latvia	1993	-14.9%	Not published	Not published	-16.6 pp vs world	-13.2%	Not published	Not published	-13.4 pp vs world	19.2	Not published	Not published
Latvia	1994	0.6%	Not published	Not published	-2.6 pp vs world	2.3%	Not published	Not published	+0.6 pp vs world	26.6	Not published	Not published
Latvia	1995	0.2%	Not published	Not published	-2.9 pp vs world	1.6%	Not published	Not published	-0.0 pp vs world	32.9	Not published	Not published
Latvia	1996	2.3%	Not published	Not published	-1.3 pp vs world	3.5%	Not published	Not published	+1.4 pp vs world	37.2	Not published	Not published
Latvia	1997	9.2%	Not published	Not published	+5.3 pp vs world	10.3%	Not published	Not published	+7.8 pp vs world	39.3	Not published	Not published
Latvia	1998	6.6%	Not published	Not published	+3.7 pp vs world	7.6%	Not published	Not published	+6.2 pp vs world	41.1	Not published	Not published
Latvia	1999	2.8%	Not published	Not published	-0.8 pp vs world	3.7%	Not published	Not published	+1.5 pp vs world	41.7	Not published	Not published
Latvia	2000	5.8%	Not published	Not published	+1.4 pp vs world	6.8%	Not published	Not published	+3.8 pp vs world	43.3	Not published	Not published
Latvia	2001	6.5%	Not published	Not published	+4.4 pp vs world	7.8%	Not published	Not published	+7.1 pp vs world	44.4	Not published	Not published
Latvia	2002	7.7%	Not published	Not published	+5.5 pp vs world	8.9%	Not published	Not published	+8.1 pp vs world	45.8	Not published	Not published
Latvia	2003	8.4%	Not published	Not published	+5.4 pp vs world	9.5%	Not published	Not published	+7.8 pp vs world	47.5	Not published	Not published
Latvia	2004	8.7%	Not published	Not published	+4.3 pp vs world	9.9%	Not published	Not published	+6.8 pp vs world	50.8	Not published	Not published
Latvia	2005	11.6%	Not published	Not published	+7.6 pp vs world	12.8%	Not published	Not published	+10.2 pp vs world	56.1	Not published	Not published
Latvia	2006	12.8%	Not published	Not published	+8.4 pp vs world	13.9%	Not published	Not published	+10.8 pp vs world	61.9	Not published	Not published
Latvia	2007	10.4%	Not published	Not published	+6.1 pp vs world	11.3%	Not published	Not published	+8.3 pp vs world	73.9	Not published	Not published
Latvia	2008	-3.4%	Not published	Not published	-5.4 pp vs world	-2.4%	Not published	Not published	-3.1 pp vs world	83.1	Not published	Not published
Latvia	2009	-16.0%	Not published	Not published	-14.6 pp vs world	-14.6%	Not published	Not published	-12.0 pp vs world	78.3	Not published	Not published
Latvia	2010	-3.7%	Not published	Not published	-8.1 pp vs world	-1.6%	Not published	Not published	-4.7 pp vs world	78.0	Not published	Not published
Latvia	2011	3.0%	Not published	Not published	-0.2 pp vs world	4.9%	Not published	Not published	+2.9 pp vs world	81.6	Not published	Not published
Latvia	2012	7.3%	Not published	Not published	+4.6 pp vs world	8.6%	Not published	Not published	+7.2 pp vs world	84.0	Not published	Not published
Latvia	2013	2.1%	Not published	Not published	-0.7 pp vs world	3.2%	Not published	Not published	+1.7 pp vs world	85.6	Not published	Not published
Latvia	2014	2.1%	Not published	Not published	-1.0 pp vs world	3.1%	Not published	Not published	+1.2 pp vs world	87.0	Not published	Not published
Latvia	2015	3.8%	Not published	Not published	+0.6 pp vs world	4.6%	Not published	Not published	+2.7 pp vs world	87.3	Not published	Not published
Latvia	2016	2.6%	Not published	Not published	-0.2 pp vs world	3.5%	Not published	Not published	+1.9 pp vs world	87.9	Not published	Not published
Latvia	2017	3.4%	Not published	Not published	-0.0 pp vs world	4.3%	Not published	Not published	+2.1 pp vs world	90.2	Not published	Not published
Latvia	2018	4.3%	Not published	Not published	+1.1 pp vs world	5.1%	Not published	Not published	+3.0 pp vs world	93.6	Not published	Not published
Latvia	2019	0.7%	Not published	Not published	-1.9 pp vs world	1.4%	Not published	Not published	-0.2 pp vs world	97.7	Not published	Not published
Latvia	2020	-3.5%	Not published	Not published	-0.5 pp vs world	-2.8%	Not published	Not published	+1.1 pp vs world	100.0	Not published	Not published
Latvia	2021	6.9%	Not published	Not published	+0.5 pp vs world	7.8%	Not published	Not published	+2.3 pp vs world	103.3	Not published	Not published
Latvia	2022	1.9%	Not published	Not published	-1.4 pp vs world	2.2%	Not published	Not published	-0.3 pp vs world	113.3	Not published	Not published
Latvia	2023	-0.9%	Not published	Not published	-3.9 pp vs world	-1.0%	Not published	Not published	-3.0 pp vs world	125.4	Not published	Not published
Latvia	2024	-0.0%	Not published	Not published	-2.9 pp vs world	0.5%	Not published	Not published	-1.4 pp vs world	128.0	Not published	Not published

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

The implicit GDP deflator covers domestically produced output and is not a consumer price index. Annual growth can be volatile.

Latest common comparison

Europe1.3%2024

Northern Europe1.3%2024

World2.8%2024

05 · Consumption and domestic demand

How is output used for consumption and domestic demand?

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Full historical record

Final Consumption

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

63.0% → 63.0%

Percentage-point change: 0.0 pp

Integration1990–2010

63.0% → 81.2%

Percentage-point change: +18.2 pp

Current era2010–2024

81.2% → 80.7%

Percentage-point change: -0.5 pp

Final consumption80.7%2024 · Published series · World rank unavailable

Household consumption58.8%2024 · Published series · World rank unavailable

Government consumption21.9%2024 · Published series · World rank unavailable

Domestic demand101.6%2024 · Derived measure · World rank unavailable

Consumption and domestic demand: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the consumption and domestic demand section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Consumption and domestic demand: annual rates, ranks and comparison indices

Latvia	1990	63.0%	Not published	Not published	-11.8 pp vs world	54.8%	Not published	Not published	-3.3 pp vs world	8.2%	Not published	Not published	-8.5 pp vs world	105.3%	Not published	Not published	+4.7 pp vs world
Latvia	1991	58.0%	Not published	Not published	-17.1 pp vs world	48.1%	Not published	Not published	-10.1 pp vs world	9.9%	Not published	Not published	-7.0 pp vs world	93.6%	Not published	Not published	-6.7 pp vs world
Latvia	1992	53.0%	Not published	Not published	-22.3 pp vs world	41.0%	Not published	Not published	-17.4 pp vs world	12.0%	Not published	Not published	-4.8 pp vs world	96.6%	Not published	Not published	-3.3 pp vs world
Latvia	1993	75.8%	Not published	Not published	+0.3 pp vs world	54.6%	Not published	Not published	-4.2 pp vs world	21.3%	Not published	Not published	+4.6 pp vs world	85.5%	Not published	Not published	-14.2 pp vs world
Latvia	1994	80.4%	Not published	Not published	+4.9 pp vs world	61.0%	Not published	Not published	+2.1 pp vs world	19.4%	Not published	Not published	+2.8 pp vs world	100.6%	Not published	Not published	+0.7 pp vs world
Latvia	1995	88.8%	Not published	Not published	+13.9 pp vs world	66.4%	Not published	Not published	+7.9 pp vs world	22.4%	Not published	Not published	+6.0 pp vs world	104.9%	Not published	Not published	+5.4 pp vs world
Latvia	1996	89.7%	Not published	Not published	+14.7 pp vs world	68.7%	Not published	Not published	+9.9 pp vs world	21.1%	Not published	Not published	+4.9 pp vs world	109.3%	Not published	Not published	+9.8 pp vs world
Latvia	1997	88.0%	Not published	Not published	+12.9 pp vs world	67.8%	Not published	Not published	+8.7 pp vs world	20.2%	Not published	Not published	+4.2 pp vs world	109.3%	Not published	Not published	+9.9 pp vs world
Latvia	1998	86.3%	Not published	Not published	+10.7 pp vs world	64.5%	Not published	Not published	+4.9 pp vs world	21.9%	Not published	Not published	+5.8 pp vs world	112.4%	Not published	Not published	+12.8 pp vs world
Latvia	1999	87.5%	Not published	Not published	+11.7 pp vs world	65.8%	Not published	Not published	+6.0 pp vs world	21.7%	Not published	Not published	+5.7 pp vs world	110.1%	Not published	Not published	+10.3 pp vs world
Latvia	2000	83.2%	Not published	Not published	+7.6 pp vs world	63.0%	Not published	Not published	+3.4 pp vs world	20.2%	Not published	Not published	+4.3 pp vs world	108.2%	Not published	Not published	+8.3 pp vs world
Latvia	2001	82.3%	Not published	Not published	+5.9 pp vs world	62.3%	Not published	Not published	+2.1 pp vs world	20.0%	Not published	Not published	+3.8 pp vs world	110.6%	Not published	Not published	+10.6 pp vs world
Latvia	2002	81.8%	Not published	Not published	+5.0 pp vs world	61.4%	Not published	Not published	+1.2 pp vs world	20.5%	Not published	Not published	+3.9 pp vs world	110.5%	Not published	Not published	+10.7 pp vs world
Latvia	2003	82.1%	Not published	Not published	+5.4 pp vs world	61.3%	Not published	Not published	+1.4 pp vs world	20.8%	Not published	Not published	+4.0 pp vs world	113.1%	Not published	Not published	+13.2 pp vs world
Latvia	2004	81.6%	Not published	Not published	+5.8 pp vs world	62.3%	Not published	Not published	+3.2 pp vs world	19.3%	Not published	Not published	+2.6 pp vs world	116.0%	Not published	Not published	+16.2 pp vs world
Latvia	2005	78.5%	Not published	Not published	+3.1 pp vs world	61.1%	Not published	Not published	+2.4 pp vs world	17.4%	Not published	Not published	+0.8 pp vs world	114.9%	Not published	Not published	+15.3 pp vs world
Latvia	2006	80.0%	Not published	Not published	+5.5 pp vs world	63.1%	Not published	Not published	+5.1 pp vs world	16.9%	Not published	Not published	+0.4 pp vs world	121.8%	Not published	Not published	+22.5 pp vs world
Latvia	2007	76.4%	Not published	Not published	+2.5 pp vs world	59.0%	Not published	Not published	+1.5 pp vs world	17.5%	Not published	Not published	+1.0 pp vs world	120.1%	Not published	Not published	+20.8 pp vs world
Latvia	2008	76.3%	Not published	Not published	+2.4 pp vs world	56.5%	Not published	Not published	-0.6 pp vs world	19.9%	Not published	Not published	+3.0 pp vs world	113.3%	Not published	Not published	+14.0 pp vs world
Latvia	2009	78.8%	Not published	Not published	+2.8 pp vs world	59.3%	Not published	Not published	+1.2 pp vs world	19.5%	Not published	Not published	+1.6 pp vs world	102.0%	Not published	Not published	+2.6 pp vs world
Latvia	2010	81.2%	Not published	Not published	+6.7 pp vs world	62.7%	Not published	Not published	+5.6 pp vs world	18.5%	Not published	Not published	+1.1 pp vs world	102.1%	Not published	Not published	+3.0 pp vs world
Latvia	2011	79.4%	Not published	Not published	+5.6 pp vs world	60.9%	Not published	Not published	+4.3 pp vs world	18.5%	Not published	Not published	+1.2 pp vs world	106.1%	Not published	Not published	+7.1 pp vs world
Latvia	2012	76.9%	Not published	Not published	+3.2 pp vs world	59.7%	Not published	Not published	+3.1 pp vs world	17.2%	Not published	Not published	+0.1 pp vs world	105.5%	Not published	Not published	+6.5 pp vs world
Latvia	2013	79.2%	Not published	Not published	+5.6 pp vs world	61.4%	Not published	Not published	+4.8 pp vs world	17.8%	Not published	Not published	+0.9 pp vs world	104.5%	Not published	Not published	+5.5 pp vs world
Latvia	2014	78.2%	Not published	Not published	+4.7 pp vs world	60.1%	Not published	Not published	+3.5 pp vs world	18.1%	Not published	Not published	+1.3 pp vs world	102.9%	Not published	Not published	+3.6 pp vs world
Latvia	2015	77.0%	Not published	Not published	+3.3 pp vs world	58.9%	Not published	Not published	+1.8 pp vs world	18.2%	Not published	Not published	+1.6 pp vs world	101.2%	Not published	Not published	+1.7 pp vs world
Latvia	2016	77.7%	Not published	Not published	+3.9 pp vs world	59.7%	Not published	Not published	+2.4 pp vs world	18.0%	Not published	Not published	+1.4 pp vs world	99.5%	Not published	Not published	+0.2 pp vs world
Latvia	2017	77.7%	Not published	Not published	+4.4 pp vs world	59.4%	Not published	Not published	+2.5 pp vs world	18.3%	Not published	Not published	+1.9 pp vs world	100.4%	Not published	Not published	+1.2 pp vs world
Latvia	2018	76.6%	Not published	Not published	+3.8 pp vs world	58.4%	Not published	Not published	+2.1 pp vs world	18.2%	Not published	Not published	+1.8 pp vs world	100.5%	Not published	Not published	+1.4 pp vs world
Latvia	2019	76.9%	Not published	Not published	+3.9 pp vs world	57.4%	Not published	Not published	+1.0 pp vs world	19.5%	Not published	Not published	+2.9 pp vs world	100.2%	Not published	Not published	+0.8 pp vs world
Latvia	2020	76.4%	Not published	Not published	+3.2 pp vs world	55.4%	Not published	Not published	-0.0 pp vs world	21.0%	Not published	Not published	+3.2 pp vs world	98.6%	Not published	Not published	-0.9 pp vs world
Latvia	2021	77.5%	Not published	Not published	+5.5 pp vs world	55.6%	Not published	Not published	+0.7 pp vs world	21.8%	Not published	Not published	+4.8 pp vs world	103.2%	Not published	Not published	+4.2 pp vs world
Latvia	2022	80.2%	Not published	Not published	+8.3 pp vs world	59.5%	Not published	Not published	+4.0 pp vs world	20.7%	Not published	Not published	+4.3 pp vs world	104.9%	Not published	Not published	+5.7 pp vs world
Latvia	2023	79.0%	Not published	Not published	+6.0 pp vs world	58.0%	Not published	Not published	+1.5 pp vs world	21.0%	Not published	Not published	+4.5 pp vs world	103.7%	Not published	Not published	+4.4 pp vs world
Latvia	2024	80.7%	Not published	Not published	+7.5 pp vs world	58.8%	Not published	Not published	+2.2 pp vs world	21.9%	Not published	Not published	+5.3 pp vs world	101.6%	Not published	Not published	+2.4 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Parent aggregates and their components should not be added together. Shares describe composition, not the quality of spending.

Latest common comparison

Europe74.5%2024

Northern Europe74.0%2024

World73.2%2024

06 · Investment and capital formation

How much current output is directed toward capital formation?

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Full historical record

Gross Capital Formation

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

42.3% → 42.3%

Percentage-point change: 0.0 pp

Integration1990–2010

42.3% → 20.9%

Percentage-point change: -21.4 pp

Current era2010–2024

20.9% → 20.9%

Percentage-point change: -0.0 pp

Gross capital formation20.9%2024 · Published series · World rank unavailable

Gross fixed capital formation22.5%2024 · Published series · World rank unavailable

Changes in inventories-1.6%2024 · Published series · World rank unavailable

Investment and capital formation: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the investment and capital formation section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Investment and capital formation: annual rates, ranks and comparison indices

Latvia	1990	42.3%	Not published	Not published	+16.5 pp vs world	24.1%	Not published	Not published	-0.9 pp vs world	18.2%	Not published	Not published	+17.5 pp vs world
Latvia	1991	35.6%	Not published	Not published	+10.4 pp vs world	6.4%	Not published	Not published	-17.9 pp vs world	29.2%	Not published	Not published	+28.3 pp vs world
Latvia	1992	43.6%	Not published	Not published	+18.9 pp vs world	11.7%	Not published	Not published	-12.2 pp vs world	31.9%	Not published	Not published	+31.1 pp vs world
Latvia	1993	9.7%	Not published	Not published	-14.5 pp vs world	14.4%	Not published	Not published	-9.3 pp vs world	-4.7%	Not published	Not published	-5.2 pp vs world
Latvia	1994	20.2%	Not published	Not published	-4.2 pp vs world	15.6%	Not published	Not published	-8.1 pp vs world	4.7%	Not published	Not published	+3.9 pp vs world
Latvia	1995	16.1%	Not published	Not published	-8.5 pp vs world	14.2%	Not published	Not published	-9.5 pp vs world	1.9%	Not published	Not published	+1.0 pp vs world
Latvia	1996	19.5%	Not published	Not published	-4.9 pp vs world	18.1%	Not published	Not published	-5.6 pp vs world	1.4%	Not published	Not published	+0.7 pp vs world
Latvia	1997	21.3%	Not published	Not published	-3.0 pp vs world	17.6%	Not published	Not published	-5.9 pp vs world	3.8%	Not published	Not published	+2.9 pp vs world
Latvia	1998	26.1%	Not published	Not published	+2.1 pp vs world	24.0%	Not published	Not published	+0.7 pp vs world	2.0%	Not published	Not published	+1.4 pp vs world
Latvia	1999	22.6%	Not published	Not published	-1.3 pp vs world	22.9%	Not published	Not published	-0.6 pp vs world	-0.3%	Not published	Not published	-0.8 pp vs world
Latvia	2000	25.0%	Not published	Not published	+0.7 pp vs world	25.2%	Not published	Not published	+1.5 pp vs world	-0.2%	Not published	Not published	-0.9 pp vs world
Latvia	2001	28.3%	Not published	Not published	+4.7 pp vs world	27.2%	Not published	Not published	+3.9 pp vs world	1.1%	Not published	Not published	+0.9 pp vs world
Latvia	2002	28.6%	Not published	Not published	+5.6 pp vs world	24.3%	Not published	Not published	+1.6 pp vs world	4.3%	Not published	Not published	+4.0 pp vs world
Latvia	2003	31.0%	Not published	Not published	+7.8 pp vs world	25.4%	Not published	Not published	+2.6 pp vs world	5.6%	Not published	Not published	+5.2 pp vs world
Latvia	2004	34.4%	Not published	Not published	+10.5 pp vs world	29.4%	Not published	Not published	+6.3 pp vs world	4.9%	Not published	Not published	+4.1 pp vs world
Latvia	2005	36.4%	Not published	Not published	+12.1 pp vs world	32.0%	Not published	Not published	+8.4 pp vs world	4.4%	Not published	Not published	+3.7 pp vs world
Latvia	2006	41.8%	Not published	Not published	+17.0 pp vs world	35.3%	Not published	Not published	+11.3 pp vs world	6.5%	Not published	Not published	+5.7 pp vs world
Latvia	2007	43.7%	Not published	Not published	+18.4 pp vs world	38.1%	Not published	Not published	+13.8 pp vs world	5.5%	Not published	Not published	+4.6 pp vs world
Latvia	2008	37.0%	Not published	Not published	+11.6 pp vs world	33.4%	Not published	Not published	+9.0 pp vs world	3.6%	Not published	Not published	+2.6 pp vs world
Latvia	2009	23.2%	Not published	Not published	-0.2 pp vs world	22.9%	Not published	Not published	-0.7 pp vs world	0.3%	Not published	Not published	+0.6 pp vs world
Latvia	2010	20.9%	Not published	Not published	-3.6 pp vs world	19.5%	Not published	Not published	-4.0 pp vs world	1.4%	Not published	Not published	+0.4 pp vs world
Latvia	2011	26.8%	Not published	Not published	+1.5 pp vs world	23.7%	Not published	Not published	-0.3 pp vs world	3.0%	Not published	Not published	+1.8 pp vs world
Latvia	2012	28.6%	Not published	Not published	+3.3 pp vs world	27.0%	Not published	Not published	+2.5 pp vs world	1.6%	Not published	Not published	+0.7 pp vs world
Latvia	2013	25.3%	Not published	Not published	-0.1 pp vs world	25.0%	Not published	Not published	+0.4 pp vs world	0.3%	Not published	Not published	-0.5 pp vs world
Latvia	2014	24.7%	Not published	Not published	-1.1 pp vs world	23.7%	Not published	Not published	-1.2 pp vs world	1.0%	Not published	Not published	+0.1 pp vs world
Latvia	2015	24.1%	Not published	Not published	-1.6 pp vs world	22.3%	Not published	Not published	-2.7 pp vs world	1.8%	Not published	Not published	+1.1 pp vs world
Latvia	2016	21.8%	Not published	Not published	-3.6 pp vs world	20.2%	Not published	Not published	-4.7 pp vs world	1.6%	Not published	Not published	+1.1 pp vs world
Latvia	2017	22.7%	Not published	Not published	-3.2 pp vs world	21.5%	Not published	Not published	-3.6 pp vs world	1.2%	Not published	Not published	+0.4 pp vs world
Latvia	2018	23.9%	Not published	Not published	-2.5 pp vs world	22.9%	Not published	Not published	-2.7 pp vs world	1.0%	Not published	Not published	+0.2 pp vs world
Latvia	2019	23.3%	Not published	Not published	-3.1 pp vs world	22.7%	Not published	Not published	-3.1 pp vs world	0.6%	Not published	Not published	+0.1 pp vs world
Latvia	2020	22.2%	Not published	Not published	-4.1 pp vs world	23.1%	Not published	Not published	-2.9 pp vs world	-0.9%	Not published	Not published	-1.2 pp vs world
Latvia	2021	25.7%	Not published	Not published	-1.3 pp vs world	22.9%	Not published	Not published	-3.1 pp vs world	2.8%	Not published	Not published	+1.8 pp vs world
Latvia	2022	24.7%	Not published	Not published	-2.5 pp vs world	23.4%	Not published	Not published	-2.6 pp vs world	1.3%	Not published	Not published	+0.0 pp vs world
Latvia	2023	24.7%	Not published	Not published	-1.6 pp vs world	24.1%	Not published	Not published	-1.7 pp vs world	0.6%	Not published	Not published	+0.1 pp vs world
Latvia	2024	20.9%	Not published	Not published	-5.1 pp vs world	22.5%	Not published	Not published	-2.9 pp vs world	-1.6%	Not published	Not published	-2.1 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

A larger investment share is not automatically better; depreciation, utilization and project quality are outside this accounting measure.

Latest common comparison

Europe21.8%2024

Northern Europe20.5%2024

World26.0%2024

07 · Trade structure and external balance

How exposed is the economy to trade, and what is the external balance?

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Full historical record

Trade openness

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Latvia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

LatviaNorthern EuropeEuropeWorldCurrent prices · percent

Formation1970–1990

82.9% → 82.9%

Percentage-point change: 0.0 pp

Integration1990–2010

82.9% → 110.9%

Percentage-point change: +27.9 pp

Current era2010–2024

110.9% → 132.3%

Percentage-point change: +21.4 pp

Exports65.3%2024 · Published series · World rank unavailable

Imports66.9%2024 · Published series · World rank unavailable

Net exports-1.6%2024 · Derived measure · World rank unavailable

Trade openness132.3%2024 · Derived measure · World rank unavailable

Trade structure and external balance: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the trade structure and external balance section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Trade structure and external balance: annual rates, ranks and comparison indices

Latvia	1990	39.4%	Not published	Not published	+20.4 pp vs world	43.5%	Not published	Not published	+24.4 pp vs world	-4.2%	Not published	Not published	-3.9 pp vs world	82.9%	Not published	Not published	+44.8 pp vs world
Latvia	1991	29.1%	Not published	Not published	+10.5 pp vs world	22.6%	Not published	Not published	+4.0 pp vs world	6.4%	Not published	Not published	+6.5 pp vs world	51.7%	Not published	Not published	+14.5 pp vs world
Latvia	1992	66.0%	Not published	Not published	+46.2 pp vs world	64.9%	Not published	Not published	+45.5 pp vs world	1.1%	Not published	Not published	+0.7 pp vs world	130.9%	Not published	Not published	+91.7 pp vs world
Latvia	1993	60.4%	Not published	Not published	+41.6 pp vs world	50.6%	Not published	Not published	+32.3 pp vs world	9.8%	Not published	Not published	+9.3 pp vs world	111.1%	Not published	Not published	+73.9 pp vs world
Latvia	1994	38.3%	Not published	Not published	+18.9 pp vs world	39.4%	Not published	Not published	+20.5 pp vs world	-1.1%	Not published	Not published	-1.6 pp vs world	77.8%	Not published	Not published	+39.4 pp vs world
Latvia	1995	35.7%	Not published	Not published	+15.1 pp vs world	40.6%	Not published	Not published	+20.4 pp vs world	-4.9%	Not published	Not published	-5.4 pp vs world	76.3%	Not published	Not published	+35.5 pp vs world
Latvia	1996	41.6%	Not published	Not published	+20.5 pp vs world	50.9%	Not published	Not published	+30.3 pp vs world	-9.3%	Not published	Not published	-9.7 pp vs world	92.6%	Not published	Not published	+50.8 pp vs world
Latvia	1997	40.8%	Not published	Not published	+18.8 pp vs world	50.1%	Not published	Not published	+28.6 pp vs world	-9.3%	Not published	Not published	-9.8 pp vs world	90.9%	Not published	Not published	+47.4 pp vs world
Latvia	1998	40.3%	Not published	Not published	+18.5 pp vs world	52.7%	Not published	Not published	+31.3 pp vs world	-12.4%	Not published	Not published	-12.8 pp vs world	93.0%	Not published	Not published	+49.8 pp vs world
Latvia	1999	36.0%	Not published	Not published	+14.2 pp vs world	46.1%	Not published	Not published	+24.5 pp vs world	-10.1%	Not published	Not published	-10.3 pp vs world	82.2%	Not published	Not published	+38.7 pp vs world
Latvia	2000	37.7%	Not published	Not published	+14.2 pp vs world	45.9%	Not published	Not published	+22.5 pp vs world	-8.2%	Not published	Not published	-8.3 pp vs world	83.6%	Not published	Not published	+36.6 pp vs world
Latvia	2001	38.8%	Not published	Not published	+15.9 pp vs world	49.4%	Not published	Not published	+26.4 pp vs world	-10.6%	Not published	Not published	-10.6 pp vs world	88.2%	Not published	Not published	+42.3 pp vs world
Latvia	2002	37.8%	Not published	Not published	+14.6 pp vs world	48.2%	Not published	Not published	+25.2 pp vs world	-10.5%	Not published	Not published	-10.7 pp vs world	86.0%	Not published	Not published	+39.8 pp vs world
Latvia	2003	37.7%	Not published	Not published	+13.8 pp vs world	50.8%	Not published	Not published	+27.1 pp vs world	-13.1%	Not published	Not published	-13.3 pp vs world	88.6%	Not published	Not published	+40.9 pp vs world
Latvia	2004	40.6%	Not published	Not published	+14.9 pp vs world	56.6%	Not published	Not published	+31.2 pp vs world	-16.0%	Not published	Not published	-16.3 pp vs world	97.2%	Not published	Not published	+46.0 pp vs world
Latvia	2005	44.8%	Not published	Not published	+17.8 pp vs world	59.7%	Not published	Not published	+33.1 pp vs world	-14.9%	Not published	Not published	-15.3 pp vs world	104.5%	Not published	Not published	+50.8 pp vs world
Latvia	2006	42.0%	Not published	Not published	+13.2 pp vs world	63.7%	Not published	Not published	+35.7 pp vs world	-21.8%	Not published	Not published	-22.4 pp vs world	105.7%	Not published	Not published	+48.9 pp vs world
Latvia	2007	40.4%	Not published	Not published	+10.8 pp vs world	60.5%	Not published	Not published	+31.6 pp vs world	-20.1%	Not published	Not published	-20.8 pp vs world	100.9%	Not published	Not published	+42.4 pp vs world
Latvia	2008	41.2%	Not published	Not published	+10.3 pp vs world	54.5%	Not published	Not published	+24.3 pp vs world	-13.3%	Not published	Not published	-14.0 pp vs world	95.8%	Not published	Not published	+34.6 pp vs world
Latvia	2009	43.4%	Not published	Not published	+17.1 pp vs world	45.4%	Not published	Not published	+19.8 pp vs world	-2.0%	Not published	Not published	-2.7 pp vs world	88.8%	Not published	Not published	+37.0 pp vs world
Latvia	2010	54.4%	Not published	Not published	+25.8 pp vs world	56.5%	Not published	Not published	+28.8 pp vs world	-2.1%	Not published	Not published	-3.1 pp vs world	110.9%	Not published	Not published	+54.6 pp vs world
Latvia	2011	61.8%	Not published	Not published	+31.4 pp vs world	67.9%	Not published	Not published	+38.5 pp vs world	-6.1%	Not published	Not published	-7.0 pp vs world	129.7%	Not published	Not published	+69.9 pp vs world
Latvia	2012	63.8%	Not published	Not published	+33.7 pp vs world	69.4%	Not published	Not published	+40.2 pp vs world	-5.5%	Not published	Not published	-6.5 pp vs world	133.2%	Not published	Not published	+73.9 pp vs world
Latvia	2013	62.6%	Not published	Not published	+32.5 pp vs world	67.1%	Not published	Not published	+38.0 pp vs world	-4.5%	Not published	Not published	-5.5 pp vs world	129.7%	Not published	Not published	+70.5 pp vs world
Latvia	2014	63.6%	Not published	Not published	+33.8 pp vs world	66.5%	Not published	Not published	+37.5 pp vs world	-2.9%	Not published	Not published	-3.7 pp vs world	130.0%	Not published	Not published	+71.4 pp vs world
Latvia	2015	62.6%	Not published	Not published	+34.5 pp vs world	63.8%	Not published	Not published	+36.3 pp vs world	-1.2%	Not published	Not published	-1.8 pp vs world	126.4%	Not published	Not published	+70.8 pp vs world
Latvia	2016	61.9%	Not published	Not published	+34.7 pp vs world	61.4%	Not published	Not published	+35.0 pp vs world	0.5%	Not published	Not published	-0.3 pp vs world	123.3%	Not published	Not published	+69.7 pp vs world
Latvia	2017	64.1%	Not published	Not published	+36.1 pp vs world	64.6%	Not published	Not published	+37.2 pp vs world	-0.4%	Not published	Not published	-1.2 pp vs world	128.7%	Not published	Not published	+73.3 pp vs world
Latvia	2018	63.9%	Not published	Not published	+34.8 pp vs world	64.4%	Not published	Not published	+36.1 pp vs world	-0.5%	Not published	Not published	-1.3 pp vs world	128.2%	Not published	Not published	+70.9 pp vs world
Latvia	2019	62.5%	Not published	Not published	+34.4 pp vs world	62.8%	Not published	Not published	+35.3 pp vs world	-0.2%	Not published	Not published	-0.8 pp vs world	125.3%	Not published	Not published	+69.7 pp vs world
Latvia	2020	62.7%	Not published	Not published	+36.6 pp vs world	61.2%	Not published	Not published	+35.8 pp vs world	1.4%	Not published	Not published	+0.7 pp vs world	123.9%	Not published	Not published	+72.4 pp vs world
Latvia	2021	66.8%	Not published	Not published	+38.2 pp vs world	70.0%	Not published	Not published	+42.3 pp vs world	-3.2%	Not published	Not published	-4.2 pp vs world	136.8%	Not published	Not published	+80.5 pp vs world
Latvia	2022	77.5%	Not published	Not published	+46.6 pp vs world	82.4%	Not published	Not published	+52.3 pp vs world	-4.9%	Not published	Not published	-5.7 pp vs world	159.9%	Not published	Not published	+98.9 pp vs world
Latvia	2023	66.0%	Not published	Not published	+36.9 pp vs world	69.7%	Not published	Not published	+41.3 pp vs world	-3.7%	Not published	Not published	-4.4 pp vs world	135.6%	Not published	Not published	+78.3 pp vs world
Latvia	2024	65.3%	Not published	Not published	+36.3 pp vs world	66.9%	Not published	Not published	+38.8 pp vs world	-1.6%	Not published	Not published	-2.5 pp vs world	132.3%	Not published	Not published	+75.2 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Trade openness is exports plus imports relative to GDP. Imports are positive in the source but subtracted in the expenditure identity.

Latest common comparison

Europe88.4%2024

Northern Europe93.8%2024

World57.1%2024

08 · Industry mix and structural change

Which activities produce value, and how is the mix changing?

Six mutually exclusive activities show the production structure. Manufacturing remains nested inside its parent activity.

Full historical record

Structural change across six activities

Other activities is the largest current activity at 45.5%. Each activity shows change separately for 1970–1990, 1990–2010, and 2010–current.

AMA activity values measure gross value added, not sales, revenue, shipments, gross output, or physical production.

Agriculture, forestry and fishing4.6%

1970–19900.0 pp1990–2010-17.0 pp2010–2024-0.0 pp

World specialization: 1.09×

Mining, manufacturing and utilities15.2%

1970–19900.0 pp1990–2010-17.1 pp2010–2024-3.3 pp

World specialization: 0.72×

Construction6.0%

1970–19900.0 pp1990–2010-5.4 pp2010–2024+1.0 pp

World specialization: 1.03×

Trade, restaurants and hotels15.9%

1970–19900.0 pp1990–2010+11.8 pp2010–2024-2.3 pp

World specialization: 1.10×

Transport, storage and communication12.7%

1970–19900.0 pp1990–2010+3.1 pp2010–2024-2.8 pp

World specialization: 1.30×

Other activities45.5%

1970–19900.0 pp1990–2010+24.5 pp2010–2024+7.3 pp

World specialization: 1.02×

Industry composition and economic scale

The 100% area view isolates changes in production mix. The current-dollar area view combines those shares with nominal GDP so the total height also shows the expansion or contraction of the economy.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

Agriculture, forestry and fishingMining, manufacturing and utilitiesConstructionTrade, restaurants and hotelsTransport, storage and communicationOther activitiesShare of total gross value added

Formation1970–1990

13.7% → 13.7%

Percentage-point change: 0.0 pp

Integration1990–2010

13.7% → 38.2%

Percentage-point change: +24.5 pp

Current era2010–2024

38.2% → 45.5%

Percentage-point change: +7.3 pp

How to read specialization

World specialization compares an activity's share of this country's gross value added with that activity's share of world gross value added. A result of 1.00× means the shares match; above 1.00× means the activity is relatively more prominent locally, while below 1.00× means it is relatively less prominent. It describes economic structure, not productivity or competitiveness.

Current specialization against world

Agriculture, forestry and fishing1.09×

Mining, manufacturing and utilities0.72×

Construction1.03×

Trade, restaurants and hotels1.10×

Transport, storage and communication1.30×

Other activities1.02×

Industry mix, specialization and world comparison table35 annual rows

Annual shares for the six mutually exclusive broad industries, with world comparisons and ranks wherever comparable data exist. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Industry mix, specialization and world comparison table

Latvia	1990	21.7%	Not published	Not published	+16.5 pp vs world	35.7%	Not published	Not published	+9.1 pp vs world	10.3%	Not published	Not published	+4.1 pp vs world	6.3%	Not published	Not published	-8.2 pp vs world	12.4%	Not published	Not published	+4.2 pp vs world	13.7%	Not published	Not published	-25.9 pp vs world
Latvia	1991	23.1%	Not published	Not published	+18.3 pp vs world	38.0%	Not published	Not published	+11.9 pp vs world	6.1%	Not published	Not published	+0.1 pp vs world	11.0%	Not published	Not published	-3.9 pp vs world	8.6%	Not published	Not published	+0.3 pp vs world	13.2%	Not published	Not published	-27.0 pp vs world
Latvia	1992	17.3%	Not published	Not published	+13.0 pp vs world	29.1%	Not published	Not published	+3.8 pp vs world	5.3%	Not published	Not published	-0.6 pp vs world	13.4%	Not published	Not published	-2.0 pp vs world	20.3%	Not published	Not published	+12.0 pp vs world	14.6%	Not published	Not published	-26.5 pp vs world
Latvia	1993	11.3%	Not published	Not published	+7.2 pp vs world	30.2%	Not published	Not published	+5.5 pp vs world	4.4%	Not published	Not published	-1.6 pp vs world	8.7%	Not published	Not published	-6.4 pp vs world	25.9%	Not published	Not published	+17.5 pp vs world	19.5%	Not published	Not published	-22.2 pp vs world
Latvia	1994	9.2%	Not published	Not published	+5.2 pp vs world	25.0%	Not published	Not published	+0.5 pp vs world	6.1%	Not published	Not published	+0.2 pp vs world	10.3%	Not published	Not published	-4.9 pp vs world	23.1%	Not published	Not published	+14.7 pp vs world	26.3%	Not published	Not published	-14.9 pp vs world
Latvia	1995	9.1%	Not published	Not published	+5.2 pp vs world	26.3%	Not published	Not published	+1.8 pp vs world	4.8%	Not published	Not published	-0.9 pp vs world	10.2%	Not published	Not published	-4.9 pp vs world	17.0%	Not published	Not published	+8.4 pp vs world	32.5%	Not published	Not published	-9.5 pp vs world
Latvia	1996	7.8%	Not published	Not published	+3.7 pp vs world	26.1%	Not published	Not published	+1.9 pp vs world	4.6%	Not published	Not published	-1.1 pp vs world	12.9%	Not published	Not published	-2.1 pp vs world	18.1%	Not published	Not published	+9.6 pp vs world	30.4%	Not published	Not published	-12.0 pp vs world
Latvia	1997	5.7%	Not published	Not published	+1.8 pp vs world	27.5%	Not published	Not published	+3.4 pp vs world	4.9%	Not published	Not published	-0.6 pp vs world	13.3%	Not published	Not published	-1.7 pp vs world	18.3%	Not published	Not published	+9.6 pp vs world	30.3%	Not published	Not published	-12.4 pp vs world
Latvia	1998	4.4%	Not published	Not published	+0.6 pp vs world	23.4%	Not published	Not published	+0.3 pp vs world	6.6%	Not published	Not published	+1.1 pp vs world	14.2%	Not published	Not published	-0.9 pp vs world	18.2%	Not published	Not published	+9.2 pp vs world	33.1%	Not published	Not published	-10.4 pp vs world
Latvia	1999	4.2%	Not published	Not published	+0.6 pp vs world	21.3%	Not published	Not published	-1.8 pp vs world	7.3%	Not published	Not published	+1.8 pp vs world	14.6%	Not published	Not published	-0.5 pp vs world	17.9%	Not published	Not published	+8.7 pp vs world	34.8%	Not published	Not published	-8.8 pp vs world
Latvia	2000	5.1%	Not published	Not published	+1.7 pp vs world	20.0%	Not published	Not published	-3.5 pp vs world	7.2%	Not published	Not published	+1.8 pp vs world	16.0%	Not published	Not published	+1.0 pp vs world	18.0%	Not published	Not published	+8.9 pp vs world	33.7%	Not published	Not published	-9.9 pp vs world
Latvia	2001	5.0%	Not published	Not published	+1.6 pp vs world	19.6%	Not published	Not published	-2.9 pp vs world	6.3%	Not published	Not published	+1.0 pp vs world	16.0%	Not published	Not published	+1.1 pp vs world	19.8%	Not published	Not published	+10.6 pp vs world	33.3%	Not published	Not published	-11.2 pp vs world
Latvia	2002	5.2%	Not published	Not published	+1.7 pp vs world	19.5%	Not published	Not published	-2.6 pp vs world	6.5%	Not published	Not published	+1.2 pp vs world	16.6%	Not published	Not published	+1.7 pp vs world	19.7%	Not published	Not published	+10.4 pp vs world	32.6%	Not published	Not published	-12.4 pp vs world
Latvia	2003	4.6%	Not published	Not published	+1.2 pp vs world	18.5%	Not published	Not published	-3.7 pp vs world	6.5%	Not published	Not published	+1.1 pp vs world	17.2%	Not published	Not published	+2.5 pp vs world	19.6%	Not published	Not published	+10.3 pp vs world	33.6%	Not published	Not published	-11.5 pp vs world
Latvia	2004	4.9%	Not published	Not published	+1.4 pp vs world	18.2%	Not published	Not published	-4.4 pp vs world	6.8%	Not published	Not published	+1.4 pp vs world	17.6%	Not published	Not published	+2.9 pp vs world	18.9%	Not published	Not published	+9.4 pp vs world	33.6%	Not published	Not published	-10.7 pp vs world
Latvia	2005	4.4%	Not published	Not published	+1.0 pp vs world	16.7%	Not published	Not published	-6.4 pp vs world	7.1%	Not published	Not published	+1.6 pp vs world	19.2%	Not published	Not published	+4.6 pp vs world	17.6%	Not published	Not published	+8.3 pp vs world	35.0%	Not published	Not published	-9.1 pp vs world
Latvia	2006	3.9%	Not published	Not published	+0.6 pp vs world	15.8%	Not published	Not published	-7.7 pp vs world	9.0%	Not published	Not published	+3.4 pp vs world	19.7%	Not published	Not published	+5.3 pp vs world	14.8%	Not published	Not published	+5.5 pp vs world	36.7%	Not published	Not published	-7.1 pp vs world
Latvia	2007	3.9%	Not published	Not published	+0.4 pp vs world	15.1%	Not published	Not published	-8.5 pp vs world	10.7%	Not published	Not published	+5.0 pp vs world	18.7%	Not published	Not published	+4.4 pp vs world	12.7%	Not published	Not published	+3.4 pp vs world	38.9%	Not published	Not published	-4.7 pp vs world
Latvia	2008	3.5%	Not published	Not published	-0.3 pp vs world	14.8%	Not published	Not published	-9.3 pp vs world	10.7%	Not published	Not published	+5.1 pp vs world	16.8%	Not published	Not published	+2.7 pp vs world	13.9%	Not published	Not published	+4.6 pp vs world	40.3%	Not published	Not published	-2.8 pp vs world
Latvia	2009	3.7%	Not published	Not published	-0.1 pp vs world	16.0%	Not published	Not published	-6.4 pp vs world	8.0%	Not published	Not published	+2.5 pp vs world	17.6%	Not published	Not published	+3.5 pp vs world	15.1%	Not published	Not published	+5.9 pp vs world	39.6%	Not published	Not published	-5.4 pp vs world
Latvia	2010	4.6%	Not published	Not published	+0.6 pp vs world	18.6%	Not published	Not published	-5.1 pp vs world	4.9%	Not published	Not published	-0.4 pp vs world	18.1%	Not published	Not published	+4.1 pp vs world	15.5%	Not published	Not published	+6.4 pp vs world	38.2%	Not published	Not published	-5.6 pp vs world
Latvia	2011	4.3%	Not published	Not published	+0.1 pp vs world	18.5%	Not published	Not published	-5.8 pp vs world	5.8%	Not published	Not published	+0.4 pp vs world	17.2%	Not published	Not published	+3.2 pp vs world	15.1%	Not published	Not published	+6.3 pp vs world	39.1%	Not published	Not published	-4.1 pp vs world
Latvia	2012	4.0%	Not published	Not published	-0.2 pp vs world	18.0%	Not published	Not published	-6.1 pp vs world	6.3%	Not published	Not published	+0.8 pp vs world	17.0%	Not published	Not published	+2.9 pp vs world	15.3%	Not published	Not published	+6.5 pp vs world	39.3%	Not published	Not published	-3.9 pp vs world
Latvia	2013	3.7%	Not published	Not published	-0.7 pp vs world	17.3%	Not published	Not published	-6.4 pp vs world	6.5%	Not published	Not published	+1.0 pp vs world	16.8%	Not published	Not published	+2.7 pp vs world	15.3%	Not published	Not published	+6.3 pp vs world	40.5%	Not published	Not published	-2.8 pp vs world
Latvia	2014	4.1%	Not published	Not published	-0.3 pp vs world	15.9%	Not published	Not published	-7.4 pp vs world	6.5%	Not published	Not published	+0.9 pp vs world	17.0%	Not published	Not published	+2.8 pp vs world	14.9%	Not published	Not published	+5.9 pp vs world	41.6%	Not published	Not published	-2.0 pp vs world
Latvia	2015	4.1%	Not published	Not published	-0.4 pp vs world	16.3%	Not published	Not published	-6.0 pp vs world	6.3%	Not published	Not published	+0.7 pp vs world	17.3%	Not published	Not published	+3.0 pp vs world	14.8%	Not published	Not published	+5.6 pp vs world	41.3%	Not published	Not published	-3.0 pp vs world
Latvia	2016	3.8%	Not published	Not published	-0.5 pp vs world	16.5%	Not published	Not published	-5.2 pp vs world	5.5%	Not published	Not published	-0.1 pp vs world	17.3%	Not published	Not published	+3.0 pp vs world	14.7%	Not published	Not published	+5.5 pp vs world	42.1%	Not published	Not published	-2.7 pp vs world
Latvia	2017	4.2%	Not published	Not published	-0.2 pp vs world	16.7%	Not published	Not published	-5.3 pp vs world	6.1%	Not published	Not published	+0.4 pp vs world	17.3%	Not published	Not published	+2.9 pp vs world	14.9%	Not published	Not published	+5.7 pp vs world	40.8%	Not published	Not published	-3.5 pp vs world
Latvia	2018	4.2%	Not published	Not published	+0.1 pp vs world	15.8%	Not published	Not published	-6.7 pp vs world	6.6%	Not published	Not published	+0.9 pp vs world	17.0%	Not published	Not published	+2.8 pp vs world	15.2%	Not published	Not published	+6.0 pp vs world	41.1%	Not published	Not published	-3.2 pp vs world
Latvia	2019	4.5%	Not published	Not published	+0.2 pp vs world	15.9%	Not published	Not published	-5.8 pp vs world	6.8%	Not published	Not published	+1.0 pp vs world	17.3%	Not published	Not published	+3.1 pp vs world	14.9%	Not published	Not published	+5.4 pp vs world	40.7%	Not published	Not published	-3.9 pp vs world
Latvia	2020	4.7%	Not published	Not published	+0.1 pp vs world	16.8%	Not published	Not published	-4.2 pp vs world	6.6%	Not published	Not published	+0.8 pp vs world	16.9%	Not published	Not published	+3.1 pp vs world	13.7%	Not published	Not published	+4.4 pp vs world	41.3%	Not published	Not published	-4.3 pp vs world
Latvia	2021	4.8%	Not published	Not published	+0.3 pp vs world	18.7%	Not published	Not published	-3.6 pp vs world	5.5%	Not published	Not published	-0.2 pp vs world	15.9%	Not published	Not published	+2.0 pp vs world	13.5%	Not published	Not published	+4.0 pp vs world	41.5%	Not published	Not published	-2.5 pp vs world
Latvia	2022	5.9%	Not published	Not published	+1.3 pp vs world	17.8%	Not published	Not published	-5.0 pp vs world	5.7%	Not published	Not published	+0.1 pp vs world	15.3%	Not published	Not published	+1.0 pp vs world	14.2%	Not published	Not published	+4.7 pp vs world	41.1%	Not published	Not published	-2.1 pp vs world
Latvia	2023	4.5%	Not published	Not published	+0.1 pp vs world	16.8%	Not published	Not published	-5.0 pp vs world	6.1%	Not published	Not published	+0.3 pp vs world	16.8%	Not published	Not published	+2.3 pp vs world	13.4%	Not published	Not published	+3.7 pp vs world	42.5%	Not published	Not published	-1.5 pp vs world
Latvia	2024	4.6%	Not published	Not published	+0.4 pp vs world	15.2%	Not published	Not published	-5.9 pp vs world	6.0%	Not published	Not published	+0.2 pp vs world	15.9%	Not published	Not published	+1.4 pp vs world	12.7%	Not published	Not published	+2.9 pp vs world	45.5%	Not published	Not published	+1.1 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

09 · Manufacturing position

What role does manufacturing play at home and in the world?

Domestic share, its place inside the parent industry, real growth, specialization and world contribution are kept together.

Full historical record

Manufacturing in the economic structure

Manufacturing accounts for 11.4% of total gross value added in 2024. In 2024, Latvia was 4.3 percentage points below the world value.

Latest share: 11.4%
World specialization: 0.73×
Latest year: 2024

Formation1970–1990

33.5% → 33.5%

Percentage-point change: 0.0 pp

Integration1990–2010

33.5% → 13.7%

Percentage-point change: -19.8 pp

Current era2010–2024

13.7% → 11.4%

Percentage-point change: -2.3 pp

Share of total GVA11.4%2024 · Derived measure · World rank unavailable

Share within parent activity74.8%2024 · Derived measure · World rank unavailable

Real manufacturing growth-3.3%2024 · Published series · World rank 179 of 210 · highest-to-lowest

Share of world manufacturing0.0%2024 · Derived measure · World rank 98 of 210 · highest-to-lowest

Manufacturing annual rates, ranks and specialization table35 annual rows

Manufacturing's annual structural, growth and world-position measures. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Manufacturing annual rates, ranks and specialization table

Latvia	1990	33.5%	Not published	Not published	+12.7 pp vs world	93.9%	Not published	Not published	+15.5 pp vs world	Not published	Not published	Not published	Not published	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	1991	35.2%	Not published	Not published	+14.7 pp vs world	92.7%	Not published	Not published	+14.0 pp vs world	0.7%	Not published	Not published	+0.7 pp vs world	0.1%	Not published	Not published	-99.9 pp vs world
Latvia	1992	27.4%	Not published	Not published	+7.6 pp vs world	94.0%	Not published	Not published	+15.7 pp vs world	-48.4%	Not published	Not published	-47.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1993	21.9%	Not published	Not published	+2.8 pp vs world	72.5%	Not published	Not published	-5.0 pp vs world	-31.7%	Not published	Not published	-31.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1994	19.1%	Not published	Not published	-0.1 pp vs world	76.4%	Not published	Not published	-1.8 pp vs world	-9.5%	Not published	Not published	-13.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1995	20.6%	Not published	Not published	+1.4 pp vs world	78.2%	Not published	Not published	+0.1 pp vs world	-0.5%	Not published	Not published	-5.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1996	19.9%	Not published	Not published	+1.3 pp vs world	76.0%	Not published	Not published	-0.6 pp vs world	3.7%	Not published	Not published	+1.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1997	21.2%	Not published	Not published	+2.9 pp vs world	77.0%	Not published	Not published	+1.0 pp vs world	16.7%	Not published	Not published	+12.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1998	17.3%	Not published	Not published	-0.5 pp vs world	73.8%	Not published	Not published	-3.0 pp vs world	4.9%	Not published	Not published	+3.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	1999	15.7%	Not published	Not published	-1.8 pp vs world	73.7%	Not published	Not published	-2.2 pp vs world	-4.1%	Not published	Not published	-7.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2000	15.6%	Not published	Not published	-1.7 pp vs world	78.3%	Not published	Not published	+4.4 pp vs world	6.8%	Not published	Not published	+0.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2001	15.5%	Not published	Not published	-0.9 pp vs world	78.9%	Not published	Not published	+6.3 pp vs world	7.1%	Not published	Not published	+7.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2002	15.6%	Not published	Not published	-0.4 pp vs world	80.0%	Not published	Not published	+7.9 pp vs world	11.5%	Not published	Not published	+10.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2003	14.5%	Not published	Not published	-1.3 pp vs world	78.4%	Not published	Not published	+6.9 pp vs world	3.2%	Not published	Not published	-0.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2004	14.3%	Not published	Not published	-2.9 pp vs world	78.8%	Not published	Not published	+2.2 pp vs world	6.4%	Not published	Not published	-13.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2005	13.4%	Not published	Not published	-3.6 pp vs world	80.4%	Not published	Not published	+6.4 pp vs world	5.1%	Not published	Not published	+0.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2006	12.7%	Not published	Not published	-4.4 pp vs world	80.0%	Not published	Not published	+7.5 pp vs world	7.4%	Not published	Not published	+0.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2007	12.0%	Not published	Not published	-5.1 pp vs world	79.6%	Not published	Not published	+7.1 pp vs world	-0.8%	Not published	Not published	-6.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2008	11.3%	Not published	Not published	-5.6 pp vs world	76.1%	Not published	Not published	+6.2 pp vs world	-7.2%	Not published	Not published	-8.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2009	11.2%	Not published	Not published	-5.1 pp vs world	69.9%	Not published	Not published	-2.7 pp vs world	-21.8%	Not published	Not published	-15.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2010	13.7%	Not published	Not published	-3.1 pp vs world	73.7%	Not published	Not published	+2.9 pp vs world	14.0%	Not published	Not published	+4.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2011	13.8%	Not published	Not published	-3.0 pp vs world	74.8%	Not published	Not published	+5.5 pp vs world	2.1%	Not published	Not published	-2.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2012	13.4%	Not published	Not published	-3.3 pp vs world	74.4%	Not published	Not published	+4.9 pp vs world	4.9%	Not published	Not published	+2.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2013	13.1%	Not published	Not published	-3.5 pp vs world	75.9%	Not published	Not published	+5.9 pp vs world	-0.8%	Not published	Not published	-4.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2014	12.5%	Not published	Not published	-4.3 pp vs world	78.2%	Not published	Not published	+6.5 pp vs world	-1.6%	Not published	Not published	-5.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2015	12.4%	Not published	Not published	-4.6 pp vs world	76.0%	Not published	Not published	-0.2 pp vs world	4.4%	Not published	Not published	+0.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2016	12.1%	Not published	Not published	-4.6 pp vs world	73.4%	Not published	Not published	-3.9 pp vs world	1.7%	Not published	Not published	-0.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2017	12.5%	Not published	Not published	-4.2 pp vs world	75.1%	Not published	Not published	-1.0 pp vs world	6.8%	Not published	Not published	+3.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2018	12.7%	Not published	Not published	-4.2 pp vs world	80.3%	Not published	Not published	+5.3 pp vs world	7.4%	Not published	Not published	+3.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2019	12.7%	Not published	Not published	-3.7 pp vs world	80.2%	Not published	Not published	+4.7 pp vs world	1.0%	Not published	Not published	-0.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2020	13.2%	Not published	Not published	-3.1 pp vs world	78.7%	Not published	Not published	+1.1 pp vs world	0.8%	Not published	Not published	+3.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2021	14.8%	Not published	Not published	-2.0 pp vs world	78.9%	Not published	Not published	+3.4 pp vs world	10.2%	Not published	Not published	+1.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2022	13.7%	Not published	Not published	-2.7 pp vs world	77.0%	Not published	Not published	+5.1 pp vs world	-4.2%	Not published	Not published	-6.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2023	12.4%	Not published	Not published	-3.6 pp vs world	73.7%	Not published	Not published	+0.3 pp vs world	-2.3%	Not published	Not published	-3.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Latvia	2024	11.4%	Not published	Not published	-4.3 pp vs world	74.8%	Not published	Not published	+0.7 pp vs world	-3.3%	Not published	Not published	-6.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Manufacturing is part of mining, manufacturing and utilities; it is not a seventh broad-industry slice. Share and real growth describe different dimensions.

Current manufacturing specialization

Europe0.78×

Northern Europe0.92×

World0.73×

Latvia Economic Overview

Read the economy through three eras

What should a reader know first?

Real output, indexed to a shared starting year

Real GDP trajectory

How large is the economy, and where does it sit globally?

Nominal GDP

Nominal GDP and UN benchmarks

What does the record show per person?

GDP per person

GDP per person and UN benchmarks

How quickly has real activity changed, and how have output prices moved?

Real GDP growth

Real GDP growth and UN benchmarks

How is output used for consumption and domestic demand?

Final Consumption

Final consumption and UN benchmarks

How much current output is directed toward capital formation?

Gross Capital Formation

Gross capital formation and UN benchmarks

How exposed is the economy to trade, and what is the external balance?

Trade openness

Trade openness and UN benchmarks

Which activities produce value, and how is the mix changing?

Structural change across six activities

Industry composition and economic scale

Broad industry structure over time

What role does manufacturing play at home and in the world?

Manufacturing in the economic structure