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Latvia

Europe & Central Asia High income Riga

Latvia posted GDP of $48.62B in 2025. Population stands at 1.85M, while GDP per capita reaches $26,311.97. Latest available inflation is 3.75%, and unemployment is 6.57%.

Quick facts

GDP (current US$) $48.62B 2025 Population, total 1.85M 2025 GDP per capita (current US$) $26,311.97 2025 Inflation, consumer prices (annual %) 3.75% 2025 Life expectancy at birth, total (years) 76.43 years 2024 Unemployment, total (% of total labor force) (modeled ILO estimate) 6.57% 2025 GDP growth (annual %) 2.14% 2025

Population, total

Open ranking
1.85M
2025

Population, total declined from 2.12M in 1960 to 1.85M in 2025, a decrease of 273,194.

GDP (current US$)

Open ranking
$48.62B
2025

GDP (current US$) increased from $5.61B in 1995 to $48.62B in 2025, a gain of $43.01B.

Inflation, consumer prices (annual %)

Open ranking
3.75%
2025

Inflation, consumer prices (annual %) declined from 951.70% in 1992 to 3.75% in 2025, a decrease of 947.95%.

Life expectancy at birth, total (years)

Open ranking
76.43 years
2024

Life expectancy at birth, total (years) increased from 69.79 years in 1960 to 76.43 years in 2024, a gain of 6.64 years.

Country takeaways

  • Latvia posts $48.62B for GDP (current US$) in 2025; global position: #99.
  • Latvia posts 1.85M for Population, total in 2025; global position: #150.
  • Latvia posts $26,311.97 for GDP per capita (current US$) in 2025; global position: #48.
  • Latvia posts 3.75% for Inflation, consumer prices (annual %) in 2025; global position: #104.

Trend interpretation

  • Population, total declined from 2.12M in 1960 to 1.85M in 2025, a decrease of 273,194.
  • GDP (current US$) increased from $5.61B in 1995 to $48.62B in 2025, a gain of $43.01B.
  • Inflation, consumer prices (annual %) declined from 951.70% in 1992 to 3.75% in 2025, a decrease of 947.95%.
  • Life expectancy at birth, total (years) increased from 69.79 years in 1960 to 76.43 years in 2024, a gain of 6.64 years.

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