Latvia 2017
Detailed economic analysis and indicators for 2017
Key Economic Indicators (2017)
GDP (Current USD)
$29.39 billion
↑ 8.39% vs 2016GDP per Capita
$15,132.50
↑ 9.35% vs 2016GDP Growth (Annual %)
3.40%
↑ 0.85pp vs 2016Inflation Rate (CPI %)
2.93%
↑ 2.79pp vs 2016Year-over-Year Comparison
| Indicator | 2016 | 2017 | Change |
|---|---|---|---|
| GDP (Current USD) | $27.12 billion | $29.39 billion | +8.39% |
| GDP per Capita | $13,838.53 | $15,132.50 | +9.35% |
| GDP Growth (Annual %) | 2.55% | 3.40% | +0.85pp |
| Inflation (CPI %) | 0.14% | 2.93% | +2.79pp |
| Unemployment Rate (%) | 9.64% | 8.72% | -0.93pp |
All Economic Indicators (2017)
National Accounts
- GDP (Current USD)
- $29.39 billion
- GDP per Capita
- $15,132.50
- GDP Growth (Annual %)
- 3.40%
- Gross National Income
- $30.41 billion
Prices & Employment
- Inflation (CPI %)
- 2.93%
- Inflation (GDP Deflator %)
- 2.71%
- Unemployment Rate (%)
- 8.72%
- 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)
- 1.53%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2017, Latvia's Gross Domestic Product (GDP) is $29.39 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2017 is $15,132.50. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2017 is 2.93%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2017 is 3.40%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2017 is 8.72%. This represents the percentage of the labor force that is unemployed and actively seeking employment.