The gross domestic product (GDP) per capita in Latvia amounted to about 23.24 thousand U.S. dollars in 2024. Between 1992 and 2024, the GDP per capita rose by approximately 22.63 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 8.66 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).
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The Gross Domestic Product per capita in Latvia was last recorded at 16951.36 US dollars in 2024. The GDP per Capita in Latvia is equivalent to 134 percent of the world's average. This dataset provides the latest reported value for - Latvia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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GDP per capita, PPP (current international $) in Latvia was reported at 41492 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - GDP per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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GDP per capita (current US$) in Latvia was reported at 22503 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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The Gross Domestic Product per capita in Latvia was last recorded at 38936.05 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Latvia, when adjusted by Purchasing Power Parity is equivalent to 219 percent of the world's average. This dataset provides the latest reported value for - Latvia GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Key information about Latvia Private Consumption: % of GDP
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GDP per capita (constant 2015 US$) in Latvia was reported at 16704 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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Key information about Latvia Investment: % of GDP
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GDP per capita, PPP (constant 2017 international $) in Latvia was reported at 38368 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.
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Key information about Latvia Public Consumption: % of GDP
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GDP per person employed (constant 2017 PPP $) in Latvia was reported at 79782 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
The per capita consumer spending on restaurants and hotels in Latvia was forecast to continuously increase between 2024 and 2029 by in total 205.1 U.S. dollars (+25.8 percent). After the ninth consecutive increasing year, the restaurants- and hotels-related per capita spending is estimated to reach 1,000.13 U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case per capita spending concerning restaurants and hotels, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 11. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the per capita consumer spending on restaurants and hotels in countries like Lithuania and Estonia.
The international tourism expenditure per capita in Latvia was forecast to continuously increase between 2024 and 2029 by in total 315.2 U.S. dollars (+24.24 percent). After the twenty-first consecutive increasing year, the expenditure is estimated to reach 1,615.34 U.S. dollars and therefore a new peak in 2029. Covered are expenditures of international outbound visitors to other countries from the selected region, including payments to foreign carriers for international transport. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism expenditure per capita in countries like Estonia and Lithuania.
The international tourism receipts per capita in Latvia were forecast to continuously increase between 2024 and 2029 by in total 185.1 U.S. dollars (+20.7 percent). After the twenty-first consecutive increasing year, the receipts per capita is estimated to reach 1,079.1 U.S. dollars and therefore a new peak in 2029. Receipts denote expenditures by inbound tourists from other countries. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism receipts per capita in countries like Estonia and Lithuania.
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Key information about Latvia Gross Savings Rate
The per capita consumer spending on restaurants and hotels in Lithuania was forecast to continuously increase between 2024 and 2029 by in total 472.8 U.S. dollars (+56.86 percent). After the ninth consecutive increasing year, the restaurants- and hotels-related per capita spending is estimated to reach 1,304.37 U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case per capita spending concerning restaurants and hotels, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 11. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the per capita consumer spending on restaurants and hotels in countries like Estonia and Latvia.
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Key information about Latvia Gross Fixed Capital Formation
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The gross domestic product (GDP) per capita in Latvia amounted to about 23.24 thousand U.S. dollars in 2024. Between 1992 and 2024, the GDP per capita rose by approximately 22.63 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 8.66 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).