Economy
Latvia's GDP annual growth rate is 2.46% as of 2026-03-31, according to national statistics offices and central banks. Other tracked indicators include GDP (current US$) at 48.62B, GDP growth rate (QoQ) at 0.5649%, GDP per capita at 26,312.
| Indicator | Last | Change | Trend | Previous | Highest | Lowest | Unit | Date |
|---|---|---|---|---|---|---|---|---|
| GDP annual growth rate | 2.46% | -0.1277 | 2.58% | 14.95% | -17.89% | % | 2026-03-31 | |
| GDP growth rate (QoQ) | 0.5649% | -0.0855 | 0.6504% | 10.51% | -9.79% | % | 2026-03-31 | |
| GDP (current US$) | 48.62B | +4.62B | 44.00B | 48.62B | 5.61B | USD | 2025-12-31 | |
| GDP per capita | 26,312 | +2,733 | 23,579 | 26,312 | 2,257 | US$ | 2025-12-31 | |
| GNI per capita | 24,980 | +3,460 | 21,520 | 24,980 | 2,640 | US$ | 2025-12-31 | |
| Inflation rate | 3.48% | +0.5747 | 2.9% | 1,445% | -4.18% | % | 2026-05-31 | |
| Core inflation rate | 3.14% | +0.2778 | 2.86% | 29.47% | -3.99% | % | 2025-12-31 | |
| Food inflation rate | -0.8461% | -0.5341 | -0.3119% | 1,413% | -7.79% | % | 2026-05-31 | |
| Producer price inflation | 1.6% | +1.1 | 0.5% | 38.1% | -11.9% | % | 2026-05-31 | |
| Unemployment rate | 6.5% | -0.2 | 6.7% | 20.7% | 5.3% | % | 2026-04-30 | |
| Employment rate | 71.7% | -0.7 | 72.4% | 72.5% | 57.3% | % | 2026-03-31 | |
| Wages (labour cost index) | 2.3% | -5.1 | 7.4% | 33.4% | -12.6% | % | 2026-03-31 | |
| Interest rate | 2% | +0 | 2% | 4.75% | 0% | % | 2026-05-31 | |
| Government bond 10Y | 3.78% | -0.01 | 3.79% | 13.76% | -0.29% | % | 2026-05-31 | |
| Foreign exchange reserves | 7.07B | +81.81M | 6.99B | 9.89B | 918.03M | USD | 2026-05-31 | |
| Industrial production | 7% | -2.5 | 9.5% | 23.2% | -26% | % | 2026-04-30 | |
| Manufacturing production | 6.8% | +2.4 | 4.4% | 27.6% | -31.2% | % | 2026-04-30 | |
| Retail sales | 3.3% | +0.8 | 2.5% | 24.9% | -28.2% | % | 2026-05-31 | |
| Capacity utilization | 75.7% | +2.4 | 73.3% | 78% | 42% | % | 2026-06-30 | |
| Business confidence | -4.3 | -0.7 | -3.6 | 10.7 | -43.4 | index | 2026-05-31 | |
| Consumer confidence | -15.8 | -0.2 | -15.6 | 13.9 | -47.4 | index | 2026-05-31 | |
| Car registrations | 115.24 | -8.04 | 123.29 | 259.54 | 16.34 | index | 2018-12-31 | |
| Current account | -1.62% | +4.7 | -6.31% | 12.41% | -26.7% | % of GDP | 2026-03-31 | |
| Balance of trade | -0.3417 | +0.1015 | -0.4432 | -0.047 | -0.7177 | USD billion | 2026-04-30 | |
| Exports | 65.33% | -0.6555 | 65.99% | 77.5% | 35.68% | % of GDP | 2024-12-31 | |
| Imports | 66.93% | -2.72 | 69.65% | 82.39% | 40.57% | % of GDP | 2024-12-31 | |
| Remittances | 3.06% | +0.1766 | 2.89% | 6.18% | 0.6636% | % of GDP | 2024-12-31 | |
| Government debt to GDP | 46.9% | +2.1 | 44.8% | 48.8% | 8.6% | % of GDP | 2025-12-31 | |
| Government budget | -2.5% | -0.7 | -1.8% | 1.5% | -9.8% | % of GDP | 2025-12-31 | |
| Gross savings | 19.33% | -1.54 | 20.87% | 31.25% | 12.53% | % of GDP | 2024-12-31 | |
| Gross capital formation | 20.89% | -3.8 | 24.69% | 43.67% | 16.08% | % of GDP | 2024-12-31 | |
| Population | 1.85M | -18,339 | 1.87M | 2.67M | 1.85M | people | 2025-12-31 | |
| Life expectancy | 76.43 | +1 | 75.43 | 76.43 | 65.66 | years | 2024-12-31 |
Latvia's GDP growth is 2.46% as of 2026-03-31, according to national statistics offices and central banks.
Latvia's inflation rate (CPI) is 3.48% as of 2026-05-31, according to national statistics offices and central banks.
Latvia has 82 macroeconomic and markets indicators on ECONOMY, sourced from national statistics offices and central banks, last updated 2026-06-30.
Last updated 2026-06-30