Latvia 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$27.12 billion
↑ 2.93% vs 2015GDP per Capita
$13,838.53
↑ 3.88% vs 2015GDP Growth (Annual %)
2.55%
↓ 1.23pp vs 2015Inflation Rate (CPI %)
0.14%
↓ 0.03pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $26.34 billion | $27.12 billion | +2.93% |
| GDP per Capita | $13,321.98 | $13,838.53 | +3.88% |
| GDP Growth (Annual %) | 3.78% | 2.55% | -1.23pp |
| Inflation (CPI %) | 0.17% | 0.14% | -0.03pp |
| Unemployment Rate (%) | 9.87% | 9.64% | -0.23pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $27.12 billion
- GDP per Capita
- $13,838.53
- GDP Growth (Annual %)
- 2.55%
- Gross National Income
- $28.04 billion
Prices & Employment
- Inflation (CPI %)
- 0.14%
- Inflation (GDP Deflator %)
- 0.61%
- Unemployment Rate (%)
- 9.64%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 1.76%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Latvia's Gross Domestic Product (GDP) is $27.12 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2016 is $13,838.53. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2016 is 0.14%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2016 is 2.55%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2016 is 9.64%. This represents the percentage of the labor force that is unemployed and actively seeking employment.