Latvia
US Dollar (USD)
Economic Highlights
- Strong growth with contained inflationGDP growth of 11.73%% with annual inflation at 3.00%% - a stable growth combination.
GDP Forecast
Forecast: LinearTrend-v1 · ±1,017.989 (95% band) · MAE 406.072 · RMSE 519.382
Latvia Economic Overview
Latvia's economy is characterized by its unique economic structure and regional importance. This page provides comprehensive economic indicators including GDP growth trends, inflation rates, unemployment statistics, and debt-to-GDP ratios.
Understanding Latvia's economic performance is essential for investors, policymakers, and researchers analyzing global economic trends and making informed decisions.
- GDP Analysis: Track historical growth patterns and quarterly performance
- Inflation Monitoring: Consumer Price Index trends and purchasing power insights
- Labor Market: Unemployment rates and workforce participation data
- Fiscal Health: Government debt levels and budget balance information
- International Trade: Balance of payments and current account statistics
GDP Growth Trends (Last 5 Years)
Quick Facts
Central bank rate
2.6%
Gross Domestic Product per capita (annual)
USD 22,453.9
Average Wage:
USD 2,308.86
Minimum Wage:
USD 830.58
Credit rating
S&P A- · Moody's A3
VAT rate
21%
Corporate tax rate
20%
Top income tax rate
31.4%
Big Mac index
$4.50 (2025)
OMX Riga
991.73▼ 0.32%
Inflation (CPI)
3.0%▲
YoY, Jul 2026
Unemployment Rate
7.3%▲
Jul 2026
Debt-to-GDP
N/A
Latvia Ranking vs. G7 Nations
| Metric | GDP Growth | Inflation | Central bank rate | Labor Market |
|---|---|---|---|---|
| Latvia | 4.8% | 3.0% | 2.6% | |
| United States of America | 6.5% | 3.4% | 3.9% | |
| Canada | -13.8% | 3.0% | 2.5% | |
| Germany | 5.7% | 2.9% | 2.6% | |
| France | -21.8% | 2.6% | 2.6% | |
| Italy | N/A | 3.2% | 2.6% | |
| Japan | N/A | 0.3% | 1.0% | |
| United Kingdom | 8.4% | 3.4% | 3.8% |
Related Economic Indicators for Latvia
Explore these indicators to build a complete picture of Latvia's economic performance: