Gross domestic product in current prices

38,870,028,000 (LCU) in 2022

In 2022, GDP (LCU) for Latvia was 38,870 million LCU. GDP (LCU) of Latvia increased from 9,571 million LCU in 2003 to 38,870 million LCU in 2022 growing at an average annual rate of 8.30%.

The description is composed by our digital data assistant.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.

Date Value Change, %
2022 38,870,028,000 16.56%
2021 33,348,932,000 10.76%
2020 30,109,462,000 -1.52%
2019 30,572,869,000 4.87%
2018 29,153,556,000 8.04%
2017 26,984,433,000 6.36%
2016 25,371,324,000 3.25%
2015 24,572,126,000 4.01%
2014 23,625,802,000 3.85%
2013 22,749,010,000 3.76%
2012 21,924,455,000 10.93%
2011 19,763,840,000