Latvia GDP Forecast: $32 Billion in 2024, $32.5 Billion projected for 2025 (Constant 2015 Prices).
GDP in Latvia is estimated to be $32 Billion US dollars at the end of 2024 in Real GDP terms.
Looking ahead to 2025, projections suggest Latvia's 2025 GDP estimate could be $32.5 Billion. This Latvia GDP growth forecast for 2024 and 2025 reflects an estimated growth rate of 2.3%.
The economy of Latvia has grown at an average annual growth rate of 4.1% in the last four years and is ranked the 30th largest economy in Europe, ahead of Bosnia and Herzegovina.