GDP per Capita: Latvia

Analysis# Latvia GDP per Capita Latvia's GDP per capita reached $28,024 in 2026, matching its all-time peak for that year. This represents a remarkable 4,470% increase since 1992, when the metric stood at just $613—reflecting Latvia's post-Soviet economic transformation. From its low point in the early transition period, the country has steadily climbed the income ladder over three decades. The 2020–2026 period shows accelerated growth, with GDP per capita jumping from $17,484 to $28,024. The most dramatic gains occurred after 2020, particularly from 2021 onward, when annual increases consistently exceeded $2,000. The trajectory suggests Latvia continues moving upward, with projections tracking a sustained upward path through 2026 and beyond, positioning the Baltic nation among Europe's faster-growing economies by income metrics.