Economy
Latvia's GDP annual growth rate is 2.97% as of 2026-06-30, according to national statistics offices and central banks. Other tracked indicators include GDP (current US$) at 48.62B, GDP growth rate (QoQ) at 0.7207%, GDP per capita at 26,312.
| Indicator | Last | Change | Trend | Previous | Highest | Lowest | Unit | Date |
|---|---|---|---|---|---|---|---|---|
| GDP annual growth rate | 2.97% | +0.3819 | 2.59% | 14.95% | -17.89% | % | 2026-06-30 | |
| GDP growth rate (QoQ) | 0.7207% | +0.0869 | 0.6338% | 10.49% | -9.78% | % | 2026-06-30 | |
| GDP (current US$) | 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 | 3.16% | +0.5661 | 2.59% | 1,445% | -4.18% | % | 2026-08-31 | |
| 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 | 2.4% | -0.8 | 3.2% | 38.1% | -11.9% | % | 2026-08-31 | |
| Unemployment rate | 7.3% | +0.3667 | 6.93% | 20.7% | 5.3% | % | 2026-07-31 | |
| Employment rate | 72.1% | +0.4 | 71.7% | 72.5% | 57.3% | % | 2026-06-30 | |
| Wages (labour cost index) | 4.5% | +1.5 | 3% | 33.4% | -12.6% | % | 2026-06-30 | |
| Interest rate | 2.25% | +0 | 2.25% | 4.75% | 0% | % | 2026-08-31 | |
| Government bond 10Y | 3.73% | +0.03 | 3.7% | 13.76% | -0.29% | % | 2026-07-31 | |
| Foreign exchange reserves | 7.02B | +143.00M | 6.88B | 9.89B | 918.03M | USD | 2026-08-31 | |
| Industrial production | -0.1% | -0.6 | 0.5% | 23.2% | -26% | % | 2026-07-31 | |
| Manufacturing production | 8.2% | +3.2 | 5% | 27.6% | -31.2% | % | 2026-07-31 | |
| Retail sales | 7.1% | +2 | 5.1% | 24.9% | -28.3% | % | 2026-07-31 | |
| 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 | 62.57% | -2.29 | 64.86% | 77.5% | 35.68% | % of GDP | 2025-12-31 | |
| Imports | 67.15% | +0.7053 | 66.45% | 82.39% | 40.57% | % of GDP | 2025-12-31 | |
| Remittances | 2.97% | -0.0728 | 3.04% | 6.18% | 0.6636% | % of GDP | 2025-12-31 | |
| Government debt to GDP | 46.9% | +0 | 46.9% | 48.8% | 8.6% | % of GDP | 2026-03-31 | |
| Government budget | -2.5% | -0.7 | -1.8% | 1.5% | -9.8% | % of GDP | 2025-12-31 | |
| Gross savings | 20.71% | +1.52 | 19.19% | 31.25% | 12.53% | % of GDP | 2025-12-31 | |
| Gross capital formation | 24.06% | +2.59 | 21.46% | 43.67% | 16.08% | % of GDP | 2025-12-31 | |
| 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 2.97% as of 2026-06-30, according to national statistics offices and central banks.
Latvia's inflation rate (CPI) is 3.16% as of 2026-08-31, 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 2026-08-31.
Last updated 2026-08-31