Humanity Observatory

Latvia: economy

Latvia's economy figures from Eurostat, set against the other EU states. Every figure links to the table it was read from; where Eurostat publishes nothing for Latvia, the page says so.

GDP per head: Latvia is the 25th highest of the 27 EU member states (2025).

index, EU = 100: 71 for Latvia, against 100 for the EU as a whole.

Latvia against the EU

Each measure with the states ranked next to it. The latest year with a published figure is used.

GDP per head

index, EU = 100

Latvia: 71 in 2025, against 100 for the EU as a whole — the 25th highest of the 27 EU states with a figure for 2025.

GDP per head: Latvia and the states ranked next to it, 2025
RankCountryFigure
23Hungary76
24Slovakia75
25Latvia71
26Greece68
27Bulgaria68
—European Union (27, from 2020) (reference, not ranked)100
  • Published from 1995 to 2025. Highest: 71 in 2025. Lowest: 30 in 1995.
  • Average of the latest published figures (2021–2025): 70*.
  • Above the EU figure in 0* of 31* years with a figure for both (1995–2025).

GDP per head, adjusted for prices

purchasing power standard

Latvia: 29,519 in 2025, against 41,699 for the EU as a whole — the 25th highest of the 27 EU states with a figure for 2025.

GDP per head, adjusted for prices: Latvia and the states ranked next to it, 2025
RankCountryFigure
23Hungary31,719
24Slovakia31,139
25Latvia29,519
26Greece28,470
27Bulgaria28,332
—European Union (27, from 2020) (reference, not ranked)41,699
  • Published from 1995 to 2025. Highest: 29,519 in 2025. Lowest: 4,477 in 1995.
  • Average of the latest published figures (2021–2025): 26,458*.
  • Above the EU figure in 0* of 31* years with a figure for both (1995–2025).

Economic growth

real GDP, change on the year

Latvia: 2.1% in 2025, against 1.4% for the EU as a whole — the joint 11th highest of the 27 EU states with a figure for 2025.

Economic growth: Latvia and the states ranked next to it, 2025
RankCountryFigure
10Czechia2.6%
joint 11Greece2.1%
joint 11Latvia2.1%
13Portugal1.9%
14Netherlands1.6%
—European Union (27, from 2020) (reference, not ranked)1.4%
  • Published from 1996 to 2025. Highest: 12.8% in 2006. Lowest: -16.0% in 2009.
  • Average of the latest published figures (2021–2025): 2.0%*.
  • Above the EU figure in 22* of 30* years with a figure for both (1996–2025).

Keep reading

Modification notice and disclaimer

The counts on this page are published by Eurostat (Statistical Office of the European Union) and are reproduced unchanged. Humanity Observatory has additionally derived the following from them:

  • A country's rank among the 27 EU states for a measure, computed by sorting the published per-country figures.
  • The highest and lowest point of the country's own published annual series.
  • The average of the country's latest published annual figures (up to five years).
  • The number of years in which the country's figure was above the EU figure for the same year.

Source: Eurostat. Reuse terms.

* Calculated by Humanity Observatory from published figures.

Where these numbers come from →