Latvia in figures

Latvia had 2,367,550 people in 2000 and 1,847,785 in 2025, and the population rose in only one year between. Growth quickened every year to 2006; output then fell 16.0% in 2009, the deepest drop in the series. Government debt went from 9.0% of GDP in 2007 to 48.2% in 2010 and has stayed well above its earlier level since. The economy grew in most years after 2011.

GDP

$48.6 bn

2025

from $7.8 bn in 2000

GDP per person

$26 312

2025

from $3 278 in 2000

Real growth

2.1%

2025

from 5.8% in 2000

Inflation

3.8%

2025

from 2.6% in 2000

Unemployment

6.6%

2025

from 14.2% in 2000

Government debt

46.9%of GDP

2025

from 15.1% in 2000

Economy

How large Latvia's economy is, how fast it grows and what it is made of

Output grew faster every year from 2000 to 2006, reaching 12.8%. Three years of decline followed: 3.4% in 2008, 16.0% in 2009 and 3.7% in 2010. From 2011 growth resumed, with falls of 3.5% in 2020 and 0.9% in 2023. Valued in current dollars, the economy measured $7.8 billion in 2000, $34.1 billion in 2008 and $48.6 billion in 2025. The IMF's projections settle at 2.4% a year from 2027 to 2031. Between 2000 and 2025 the services share of GDP edged up from 60.5% to 64.2%. Industry with construction shrank from 24.2% in 2000 to 18.7% in 2025, and manufacturing from 13.9% to 10.0% over the same years. Agriculture, forestry and fishing held at 4.0% in 2025, having touched 5.1% in 2022.

GDP, current US dollars

$48.6 bn2025

World Bank
Data
YearGDP, current US dollars
2025$48.6 bn
2024$44.0 bn
2023$42.8 bn
2022$38.0 bn
2021$38.2 bn
2020$33.4 bn
2019$33.1 bn
2018$33.2 bn
2017$29.4 bn
2016$27.1 bn
2015$26.3 bn
2014$30.3 bn
2013$29.2 bn
2012$27.1 bn
2011$26.6 bn
2010$23.5 bn
2009$25.7 bn
2008$34.1 bn
2007$29.4 bn
2006$20.4 bn
2005$16.3 bn
2004$13.8 bn
2003$11.2 bn
2002$9.2 bn
2001$8.2 bn
2000$7.8 bn

Series World Bank NY.GDP.MKTP.CD

Real GDP growth

2.1%2025

World Bank · IMF World Economic Outlook
Data
YearGrowth
2031 (projection)2.4%
2030 (projection)2.4%
2029 (projection)2.4%
2028 (projection)2.4%
2027 (projection)2.4%
2026 (projection)2.2%
20252.1%
2024−0.0%
2023−0.9%
20221.9%
20216.9%
2020−3.5%
20190.7%
20184.3%
20173.4%
20162.5%
20153.8%
20142.1%
20132.1%
20127.3%
20113.0%
2010−3.7%
2009−16.0%
2008−3.4%
200710.4%
200612.8%
200511.6%
20048.7%
20038.4%
20027.7%
20016.5%
20005.8%

Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH

GDP per person

$26 3122025

At market exchange ratesAt purchasing power parity

World Bank
Data
YearGDP per personAt purchasing power
2025$26 312$46 137
2024$23 579$43 873
2023$22 710$42 784
2022$20 221$40 546
2021$20 262$36 912
2020$17 564$32 741
2019$17 295$32 199
2018$17 252$29 818
2017$15 132$25 764
2016$13 839$24 063
2015$13 322$22 544
2014$15 186$21 554
2013$14 484$20 474
2012$13 329$19 417
2011$12 903$17 680
2010$11 188$16 373
2009$11 996$15 545
2008$15 678$17 443
2007$13 371$16 246
2006$9 212$14 180
2005$7 284$12 826
2004$6 110$11 319
2003$4 915$10 193
2002$4 004$9 569
2001$3 505$8 808
2000$3 278$7 849

Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD

Value added, share of GDP

Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.

200060%14%10%11%
202564%10%9%13%
  • Services
  • Manufacturing
  • Other industry and construction
  • Agriculture, forestry, fishing
  • Taxes less subsidies
World Bank

Prices and work

What prices and jobs did

Inflation climbed from 1.9% in 2002 to 15.4% in 2008. It turned negative in 2010, at −1.1%, ran at 0.2% in 2015 and 2020, and jumped to 17.3% in 2022. Joblessness bottomed at 6.0% in 2007 and jumped to 19.5% by 2010. It came down in most years after, to 6.6% in 2025. In 2010 youth unemployment hit 36.2%.

Inflation, consumer prices

3.8%2025

World Bank · IMF World Economic Outlook
Data
YearInflation
2031 (projection)2.2%
2030 (projection)2.2%
2029 (projection)2.2%
2028 (projection)2.9%
2027 (projection)2.7%
2026 (projection)3.0%
20253.8%
20241.3%
20238.9%
202217.3%
20213.3%
20200.2%
20192.8%
20182.5%
20172.9%
20160.1%
20150.2%
20140.6%
2013−0.0%
20122.3%
20114.4%
2010−1.1%
20093.5%
200815.4%
200710.1%
20066.5%
20056.8%
20046.2%
20032.9%
20021.9%
20012.5%
20002.6%

Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH

Unemployment

6.6%2025

All agesAges 15 to 24

World Bank
Data
YearUnemploymentAges 15 to 24
20256.6%12.9%
20246.9%13.6%
20236.5%12.3%
20226.8%15.3%
20217.5%14.8%
20208.1%14.9%
20196.3%12.4%
20187.4%12.2%
20178.7%17.0%
20169.6%17.3%
20159.9%16.3%
201410.8%19.6%
201311.9%23.2%
201215.1%28.6%
201116.2%31.1%
201019.5%36.2%
200917.5%33.4%
20087.7%13.7%
20076.0%10.6%
20067.0%13.6%
200510.0%15.1%
200411.7%21.8%
200312.1%20.4%
200213.8%25.3%
200113.8%24.2%
200014.2%21.3%

Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS

Trade

How open the economy is

Until 2009 exports never exceeded 44.8% of GDP, and in 2000 and 2003 they were 37.7%. They then climbed to 54.4% in 2010 and 61.8% in 2011, and peaked at 77.5% in 2022. Imports reached 82.4% of GDP in 2022. In 2006 the current account was in deficit by 22.1% of GDP; in 2009 it showed a surplus of 8.0%, and in 2025 a deficit of 3.4%.

Exports and imports, share of GDP

62.6%2025

ExportsImports

World Bank
Data
YearExports of goods and servicesImports
202562.6%67.2%
202464.9%66.5%
202366.0%69.7%
202277.5%82.4%
202166.8%70.0%
202062.7%61.2%
201962.5%62.8%
201863.9%64.4%
201764.1%64.6%
201661.9%61.4%
201562.6%63.8%
201463.6%66.5%
201362.6%67.1%
201263.8%69.4%
201161.8%67.9%
201054.4%56.5%
200943.4%45.4%
200841.2%54.5%
200740.4%60.5%
200642.0%63.7%
200544.8%59.7%
200440.6%56.6%
200337.7%50.8%
200237.8%48.2%
200138.8%49.4%
200037.7%45.9%

Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS

Current account balance, share of GDP

−3.4%2025

World Bank
Data
YearCurrent account balance
2025−3.4%
2024−1.6%
2023−3.9%
2022−5.5%
2021−4.1%
20203.1%
2019−0.2%
2018−0.4%
20171.5%
20161.8%
2015−0.1%
2014−1.5%
2013−2.9%
2012−3.9%
2011−3.5%
20101.8%
20098.0%
2008−13.1%
2007−21.8%
2006−22.1%
2005−12.2%
2004−12.2%
2003−7.5%
2002−5.7%
2001−6.1%
2000−3.8%

Series World Bank BN.CAB.XOKA.GD.ZS

Foreign direct investment, net inflows, share of GDP

0.5%2025

World Bank
Data
YearForeign direct investment, net inflows
20250.5%
20243.4%
20234.0%
20223.2%
20219.8%
20202.8%
20193.4%
20181.3%
20174.0%
20161.2%
20153.1%
20143.5%
20133.4%
20124.0%
20115.7%
20102.0%
2009−0.6%
20084.2%
20079.2%
20068.3%
20055.0%
20044.3%
20032.8%
20021.7%
20012.1%
20004.2%

Series World Bank BX.KLT.DINV.WD.GD.ZS

Public finances

What the state owes and borrows

The IMF's debt series fell from 15.1% of GDP in 2000 to 9.0% in 2007. Then it rose steeply, to 19.3% in 2008, 37.6% in 2009 and 48.2% in 2010, and it has not gone back below 37.9%, the level of 2019. The 2025 figure was 46.9%. For 2031 the IMF projected 53.5%. The deficit was widest in 2009, at 7.1% of GDP, and tax revenue reached 17.6% of GDP in 2024.

General government gross debt, share of GDP

46.9%2025

IMF World Economic Outlook
Data
YearGeneral government gross debt
2031 (projection)53.5%
2030 (projection)52.2%
2029 (projection)50.8%
2028 (projection)49.6%
2027 (projection)48.5%
2026 (projection)47.4%
202546.9%
202446.2%
202344.4%
202244.4%
202145.9%
202044.0%
201937.9%
201838.3%
201740.3%
201641.7%
201538.3%
201443.1%
201341.8%
201244.4%
201146.8%
201048.2%
200937.6%
200819.3%
20079.0%
200610.7%
200512.5%
200415.3%
200315.4%
200215.4%
200117.8%
200015.1%

Series IMF World Economic Outlook GGXWDG_NGDP

Government net lending or borrowing, share of GDP

−4.0%2025

Below zero the government borrowed.

IMF World Economic Outlook
Data
YearGeneral government net lending or borrowing
2031 (projection)−4.0%
2030 (projection)−3.9%
2029 (projection)−3.7%
2028 (projection)−3.7%
2027 (projection)−3.9%
2026 (projection)−3.3%
2025−4.0%
2024−1.7%
2023−3.4%
2022−3.9%
2021−5.7%
2020−3.8%
2019−0.4%
2018−0.8%
2017−0.9%
2016−0.4%
2015−1.6%
2014−1.7%
2013−0.6%
20120.2%
2011−3.4%
2010−6.6%
2009−7.1%
2008−3.3%
20070.6%
2006−0.5%
2005−1.1%
2004−1.0%
2003−1.7%
2002−2.6%
2001−2.0%
2000−2.6%

Series IMF World Economic Outlook GGXCNL_NGDP

Tax revenue, share of GDP

17.6%2024

World Bank
Data
YearTax revenue
202417.6%
202316.6%
202217.1%
202116.4%
202016.3%
201916.2%
201816.2%
201717.2%
201617.2%
201516.4%
201416.2%
201315.9%
201215.4%
201115.0%
201014.2%
200913.6%
200815.3%
200716.0%
200616.4%
200515.7%
200414.9%
200314.9%
200214.5%
200114.8%
200014.9%

Series World Bank GC.TAX.TOTL.GD.ZS

People

Who lives in Latvia

The population declined in every year of the series except 2023, falling below two million in 2013. Net migration was negative from 2000 to 2021, with 36,128 more people leaving than arriving in 2010. It turned positive in 2022, at 22,027, and in 2023. Residents aged 65 or over went from 15.0% of the total in 2000 to 22.2% in 2025. Deaths ran at 14.3 per 1,000 people in 2024, births at 6.9. Life expectancy reached 76.4 years in 2024.

Population

1.85 m2025

The axis does not start at zero, so the change looks larger than it is.

World Bank
Data
YearPopulation
20251.85 m
20241.87 m
20231.88 m
20221.88 m
20211.88 m
20201.90 m
20191.91 m
20181.93 m
20171.94 m
20161.96 m
20151.98 m
20141.99 m
20132.01 m
20122.03 m
20112.06 m
20102.10 m
20092.14 m
20082.18 m
20072.20 m
20062.22 m
20052.24 m
20042.26 m
20032.29 m
20022.31 m
20012.34 m
20002.37 m

Series World Bank SP.POP.TOTL

Age structure, share of the population
65 and over22.2%15 to 6462.6%Under 1515.2%
World Bank
Data
YearAged 0 to 1415 to 6465 and over
202515.2%62.6%22.2%
202415.4%62.9%21.7%
202315.7%63.0%21.3%
202215.9%63.1%21.0%
202116.0%63.1%20.9%
202016.0%63.3%20.7%
201915.9%63.6%20.4%
201815.8%64.0%20.2%
201715.7%64.3%20.0%
201615.4%64.8%19.8%
201515.1%65.4%19.5%
201414.8%65.9%19.2%
201314.6%66.5%18.9%
201214.4%67.0%18.7%
201114.2%67.3%18.5%
201014.2%67.6%18.3%
200914.1%67.9%18.0%
200814.0%68.2%17.7%
200714.1%68.4%17.5%
200614.4%68.4%17.2%
200514.7%68.4%16.9%
200415.2%68.3%16.5%
200315.8%68.2%16.1%
200216.4%68.0%15.7%
200117.0%67.7%15.3%
200017.7%67.3%15.0%

Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS

Births per woman

1.242024

World Bank
Data
YearBirths per woman
20241.24
20231.36
20221.47
20211.57
20201.55
20191.61
20181.60
20171.69
20161.74
20151.70
20141.65
20131.52
20121.44
20111.33
20101.36
20091.46
20081.58
20071.54
20061.46
20051.39
20041.29
20031.32
20021.26
20011.22
20001.25

Series World Bank SP.DYN.TFRT.IN

Life expectancy at birth

76.4 years2024

World Bank
Data
YearLife expectancy at birth
202476.4 years
202375.4 years
202274.3 years
202173.0 years
202075.2 years
201975.4 years
201874.8 years
201774.6 years
201674.6 years
201574.5 years
201474.1 years
201374.0 years
201273.8 years
201173.6 years
201073.5 years
200973.1 years
200872.4 years
200771.0 years
200670.9 years
200571.4 years
200472.0 years
200371.3 years
200271.0 years
200170.8 years
200070.3 years

Series World Bank SP.DYN.LE00.IN

Net migration

−7 3302025

People arriving less people leaving, each year. The largest net inflow in the series was 22 027 people, in 2022.

World Bank
Data
YearNet migration
2025−7 330
2024−2 225
20237 966
202222 027
2021−280
2020−3 147
2019−3 416
2018−4 972
2017−7 867
2016−12 327
2015−10 826
2014−8 799
2013−14 386
2012−11 914
2011−20 202
2010−36 128
2009−34 807
2008−22 445
2007−8 027
2006−9 211
2005−11 134
2004−15 136
2003−11 422
2002−9 160
2001−18 634
2000−15 679

Series World Bank SM.POP.NETM

Living standards

Health, schooling, the internet and inequality

In 2000 just 6.3% of people used the internet. By 2024 the share was 92.7%. Health spending peaked at 9.4% of GDP in 2021 and was 7.3% in 2023, while public spending on education fell from 7.2% of GDP in 2013 to 4.3% in 2022. The Gini coefficient was 39.0 in 2005 and 34.0 in 2023.

Health spending, share of GDP

7.3%2023

World Bank
Data
YearHealth spending
20237.3%
20228.1%
20219.4%
20207.5%
20196.9%
20186.4%
20176.2%
20166.3%
20155.8%
20145.7%
20135.6%
20125.6%
20115.9%
20106.2%
20096.3%
20085.9%
20075.8%
20066.0%
20056.1%
20046.5%
20035.7%
20026.0%
20015.9%
20005.6%

Series World Bank SH.XPD.CHEX.GD.ZS

Public spending on education, share of GDP

4.3%2022

World Bank
Data
YearPublic spending on education
20224.3%
20214.8%
20205.0%
20194.6%
20184.4%
20174.5%
20164.8%
20155.5%
20145.5%
20137.3%
20126.8%
20115.2%
20105.1%
20095.7%
20085.6%
20074.9%
20064.9%
20045.0%
20035.3%
20025.8%
20015.6%
20005.4%

Series World Bank SE.XPD.TOTL.GD.ZS

Using the internet

92.7%2024

World Bank
Data
YearUsing the internet
202492.7%
202392.2%
202291.0%
202191.2%
202088.9%
201986.1%
201883.6%
201780.1%
201679.8%
201579.2%
201475.8%
201375.2%
201273.1%
201169.8%
201068.4%
200966.8%
200863.4%
200759.2%
200653.6%
200546.0%
200438.6%
200327.0%
200221.9%
20017.2%
20006.3%

Series World Bank IT.NET.USER.ZS

Gini coefficient

34.02023

World Bank
Data
YearGini coefficient
202334.0
202233.7
202134.3
202035.7
201934.5
201835.1
201735.6
201634.3
201534.2
201435.1
201335.5
201235.2
201135.8
201035.0
200935.9
200837.2
200737.5
200635.6
200539.0
200436.4
200336.5
200235.1

Series World Bank SI.POV.GINI

Living in towns and cities

68.6%2025

World Bank
Data
YearLiving in towns and cities
202568.6%
202468.5%
202368.4%
202268.3%
202168.2%
202068.1%
201968.1%
201868.0%
201768.0%
201667.9%
201567.9%
201467.9%
201367.8%
201267.8%
201167.8%
201067.8%
200967.8%
200867.8%
200767.9%
200667.9%
200567.9%
200467.9%
200368.0%
200268.0%
200168.0%
200068.0%

Series World Bank SP.URB.TOTL.IN.ZS

Energy and environment

Energy, emissions and forest

Renewables supplied 68.3% of Latvia's electricity in 2000 and 63.6% in 2021, with a low of 49.6% in 2019 and a high of 72.5% in 2017. In final energy use as a whole, renewables reached 44.0% in 2021. Carbon dioxide emissions were 3.6 tonnes per person in 2024. Trees covered 55.0% of Latvia's land in 2023.

Electricity from renewable sources

63.6%2021

World Bank
Data
YearElectricity from renewable sources
202163.6%
202063.8%
201949.6%
201852.0%
201772.5%
201654.2%
201550.2%
201454.5%
201356.9%
201266.6%
201150.5%
201054.9%
200963.9%
200860.9%
200759.3%
200657.0%
200569.6%
200468.2%
200358.8%
200262.5%
200166.3%
200068.3%

Series World Bank EG.ELC.RNEW.ZS

Renewable share of final energy use

44.0%2021

World Bank
Data
YearRenewable share of final energy use
202144.0%
202043.8%
201941.5%
201841.0%
201742.6%
201638.5%
201538.1%
201440.2%
201339.6%
201240.4%
201135.5%
201033.1%
200938.4%
200833.7%
200733.1%
200634.0%
200536.3%
200436.1%
200334.3%
200234.4%
200135.4%
200035.8%

Series World Bank EG.FEC.RNEW.ZS

CO2 emissions per person

3.6 t2024

World Bank
Data
YearCO2 emissions per person
20243.6 t
20233.7 t
20223.7 t
20214.0 t
20203.8 t
20194.1 t
20184.2 t
20173.8 t
20163.8 t
20153.9 t
20143.8 t
20133.9 t
20124.0 t
20114.0 t
20104.2 t
20093.6 t
20083.9 t
20074.0 t
20063.9 t
20053.6 t
20043.5 t
20033.5 t
20023.3 t
20013.3 t
20003.0 t

Series World Bank EN.GHG.CO2.PC.CE.AR5

Forest cover

55.0%2023

World Bank
Data
YearForest cover
202355.0%
202254.9%
202154.9%
202054.8%
201954.8%
201854.7%
201754.6%
201654.6%
201554.5%
201454.4%
201354.4%
201254.3%
201154.3%
201054.2%
200954.0%
200853.8%
200753.6%
200653.4%
200553.1%
200452.9%
200352.7%
200252.5%
200152.3%
200052.1%

Series World Bank AG.LND.FRST.ZS

Codes

Latvia's codes and memberships

The state

Status
Sovereign state
State since
1918
Government
parliamentary republic, republic
Official language
Latvian
United Nations
Member

Identifiers

LVISO alpha-2
LVAISO alpha-3
428ISO numeric
Calling code
+371
Internet domain
.lv
Time zone
UTC+02:00

Questions

Questions about Latvia in figures

What is the population of Latvia?

Latvia had 1,847,785 residents in 2025 by the World Bank's estimate, down from 2,367,550 in 2000. A count dated 1 January 2026 on the country record gives 1,845,096.

What was Latvia's GDP in 2025?

In 2025 Latvia produced $48.6 billion of output in current US dollars, the World Bank reports, which works out at $26,312 per resident. Once price levels are accounted for, that rises to $46,137 per person for 2025.

How much did Latvia's economy shrink in 2009?

Real GDP fell 16.0% in 2009, by the World Bank's figures, after a fall of 3.4% in 2008, and it fell a further 3.7% in 2010. Growth returned in 2011 at 3.0%. In 2025 the economy grew 2.1%, and the IMF projected 2.2% for 2026.

How high is inflation in Latvia?

The World Bank records 3.8% for 2025, following 1.3% in 2024 and a peak of 17.3% in 2022, and the IMF projected 3.0% for 2026.

Is Latvia's public debt rising?

Gross debt of the general government stood at 46.9% of GDP in 2025, on IMF estimates, against 9.0% in 2007. Projections from the same source rise to 47.4% in 2026 and 53.5% in 2031.

How old is Latvia's population?

Over a fifth of Latvians, 22.2%, were 65 or older in 2025, against 15.0% in 2000, while children under 15 were 15.2%, according to the World Bank. Fertility stood at 1.24 births per woman in 2024.

Record generated 2026-08-31, series 2026-09-27 · Q211 · World Bank data · Europe