Latvia - GDP per capita (current US$)
1995 - 2022

Latvia's gdp per capita (current us$) is currently $21,851.11 USD (United States dollar) according to the most recent World Bank data for the country (2022).

Definition

GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.

  • Latvia's gdp per capita (current us$) for 2022 was $21,851.11, a 3.66% increase from 2021, with a +$770 difference.
  • In 2021 it was $21,080.18, a 15.78% increase from 2020, with a +$2,873 difference.
  • In 2020 it was $18,207.14, a 1.46% increase from 2019.
  • In 2019 it was $17,945.22, a 0.45% increase from 2018.
  • In 2018 it was $17,865.03, a 13.83% increase from 2017.
Measure: Estimated Value

Average, Lowest, and Highest Recorded Values

The average gdp per capita (current us$), value for Latvia is currently $10,947.15 (average of years with recorded data) with a lowest recorded value of $2,329.58 in 1995 and a highest value of $21,851.11 in 2022.

For comparison, the world wide [World Bank] aggregate for 1995 was $5,422.20 and in 2022 it was $12,647.48. Essentially, in 1995, Latvia contributed 42.96% to the world wide aggregate. While in 2022 it contributed 172.77% to the aggregate, recording a 302.14% increase in amounts contributed within the 27-year period. Nonetheless, the country recorded a 837.99% increase in gdp per capita (current us$) within the same period.

$21.85K
Recent Data (2022)
$21.08K
2021 Data
$18.21K
2020 Data
$21.85K
Most Recent Data (2022)
$21.08K
2021 Data
All Time Latvia GDP per capita (current US$) Data
Latvia's GDP per capita (current US$) - Historical Data
Expand

Comparison with Countries in the Europe & Central Asia Region.

Among countries in the same World Bank Europe & Central Asia (ECA) region, Latvia comes in 30th with $21,851.10 gdp per capita (current us$).

  • Within the same region, Andorra comes in 20th with $41,992.80, gdp per capita (current us$).
  • France comes in 21st with $40,963.80.
  • Italy comes in 22nd with $34,158.00.
  • Cyprus comes in 23rd with $31,283.50.
  • Slovenia comes in 24th with $29,457.40.
  • Spain comes in 25th with $29,350.20.
  • Estonia comes in 26th with $28,332.60.
  • Czechia comes in 27th with $27,638.40.
  • Lithuania comes in 28th with $24,826.80.
  • Portugal comes in 29th with $24,274.50.
  • Slovak Republic comes in 31st with $21,258.10.
  • Greece comes in 32nd with $20,732.10.
  • Hungary comes in 33rd with $18,463.20.
  • Croatia comes in 34th with $18,413.20.
  • Poland comes in 35th with $18,321.30.
  • Romania comes in 36th with $15,892.10.
  • Russian Federation comes in 37th with $15,345.10.
  • Bulgaria comes in 38th with $13,772.50.
  • Kazakhstan comes in 39th with $11,243.70.
  • And Turkiye comes in 40th with $10,616.10, gdp per capita (current us$).

GDP per capita (current US$), Top 10 Countries in the Europe & Central Asia Region.

Top 10 Countries in the Europe & Central Asia Region.
# Country GDP per capita (current US$) Year
1 Monaco $234,317.00 2021
2 Liechtenstein $184,083.00 2021
3 Luxembourg $126,426.00 2022
4 Norway $106,149.00 2022
5 Ireland $104,039.00 2022
6 Switzerland $92,101.50 2022
7 Isle of Man $79,530.60 2020
8 Iceland $72,903.00 2022
9 Faroe Islands $69,010.20 2021
10 Denmark $66,983.10 2022

Comparison with Countries in the High income Group.

Among countries in the same World Bank High income (HI) group, Latvia comes in 59th with $21,851.10 gdp per capita (current us$).

GDP per capita (current US$), Top 14 Countries in the High income Group.

Top 14 Countries in the High income Group.
# Country GDP per capita (current US$) Year
1 Monaco $234,317.00 2021
2 Liechtenstein $184,083.00 2021
3 Luxembourg $126,426.00 2022
4 Bermuda $118,846.00 2022
5 Norway $106,149.00 2022
6 Ireland $104,039.00 2022
7 Switzerland $92,101.50 2022
8 Cayman Islands $88,475.60 2021
9 Qatar $88,046.30 2022
10 Singapore $82,807.60 2022
11 Isle of Man $79,530.60 2020
12 United States $76,398.60 2022
13 Iceland $72,903.00 2022
14 Faroe Islands $69,010.20 2021
View GDP (current US$), Data
$41.15B in 2022
Related Indicators
Latvia - GDP (current US$)
Latvia - Inflation, GDP deflator (annual %)
Latvia - Trade (% of GDP)
Latvia - Expense (% of GDP)
Latvia - PPP conversion factor, GDP (LCU per international $)
Latvia - Gross savings (% of GDP)
Latvia - Trade in services (% of GDP)
Latvia - Services, value added (% of GDP)
Latvia - Gross domestic savings (% of GDP)
Latvia - Gross capital formation (% of GDP)
Latvia - Current account balance (% of GDP)
Latvia - Revenue, excluding grants (% of GDP)
Latvia - Manufacturing, value added (% of GDP)
Latvia - Gross national expenditure (% of GDP)
Latvia - Imports of goods and services (% of GDP)
Latvia - Gross fixed capital formation (% of GDP)
Latvia - Final consumption expenditure (% of GDP)
Latvia - Personal remittances, received (% of GDP)
Latvia - Discrepancy in expenditure estimate of GDP (current LCU)
Latvia - Exports of goods and services (% of GDP)
Latvia - Price level ratio of PPP conversion factor (GDP) to market exchange rate
Latvia - Foreign direct investment, net inflows (% of GDP)
Latvia - External balance on goods and services (% of GDP)
Latvia - Foreign direct investment, net outflows (% of GDP)
Latvia - Government expenditure per student, primary (% of GDP per capita)
Latvia - Industry (including construction), value added (% of GDP)
Latvia - Government expenditure per student, tertiary (% of GDP per capita)
Latvia - Agriculture, forestry, and fishing, value added (% of GDP)
Latvia - Government expenditure per student, secondary (% of GDP per capita)
Latvia - General government final consumption expenditure (% of GDP)
Latvia - Households and NPISHs final consumption expenditure (% of GDP)