GDP (Gross Domestic Product): Latvia

Analysis# Latvia GDP (Gross Domestic Product) Latvia's GDP reached 52.248 USD billion in 2026, marking an all-time peak for the nation. This represents a dramatic recovery from the country's 1992 low of 1.641 USD billion—a staggering 3,083.9% increase over three decades. Since the early 1990s, Latvia has transformed from a post-Soviet economy into a steadily expanding market, with consistent growth accelerating in recent years. The period from 2020 to 2026 reveals a particularly strong upward trajectory. GDP remained relatively flat through 2022 at approximately 38 USD billion, then accelerated sharply, climbing from 42.584 billion in 2023 to 52.248 billion by 2026. This sustained momentum suggests Latvia's integration into EU markets and structural economic reforms are driving continued expansion through the remainder of the decade.