Latvia

Country in Europe

In brief

Exports, share of GDP: 62.6% (2025). World rank 36 of 184; in Europe, 16 of 43. Imports, share of GDP: 67.2% (2025). World rank 42 of 184; in Europe, 16 of 43. Foreign direct investment, share of GDP: +0.8% (2025). World rank 149 of 197; in Europe, 29 of 43. From 2015 to 2025: GDP $26.3B → $48.6B, GDP per person $13,322 → $26,312, and GDP per person at purchasing power parity $22,544 → $46,137.

Size and growth

GDP: $48.6B 2025
GDP per person: $26,312 2025
GDP per person at purchasing power parity: $46,137 2025
GDP growth per year: +2.1% 2025

Income and prices

Income level (World Bank): High income
Gross national income per person: $24,980 2025
Inflation: +3.8% 2025
Price level, USA = 100: 57 2025

Structure and jobs

Agriculture, share of GDP: 4% 2025
Industry, share of GDP: 18.7% 2025
Services, share of GDP: 64.3% 2025
Unemployment: 6.6% 2025
Youth unemployment, ages 15–24: 13% 2025
Women in work or seeking work: 55.3% 2025

Trade and finance

Exports, share of GDP: 62.6% 2025
Imports, share of GDP: 67.2% 2025
Current account balance, share of GDP: -5.3% 2025
Foreign direct investment, share of GDP: +0.8% 2025
Remittances received, share of GDP: 3% 2025
Tax revenue, share of GDP: 17.7% 2024
Currency: Euro (EUR)

Poverty and inequality

Gini index (0 = full equality): 34 2023
Living on under $3 a day: 0.4% 2023