Latvia 2018
Detailed economic analysis and indicators for 2018
Key Economic Indicators (2018)
GDP (Current USD)
$33.25 billion
↑ 13.12% vs 2017GDP per Capita
$17,252.17
↑ 14.01% vs 2017GDP Growth (Annual %)
4.31%
↑ 0.91pp vs 2017Inflation Rate (CPI %)
2.53%
↓ 0.40pp vs 2017Year-over-Year Comparison
| Indicator | 2017 | 2018 | Change |
|---|---|---|---|
| GDP (Current USD) | $29.39 billion | $33.25 billion | +13.12% |
| GDP per Capita | $15,132.50 | $17,252.17 | +14.01% |
| GDP Growth (Annual %) | 3.40% | 4.31% | +0.91pp |
| Inflation (CPI %) | 2.93% | 2.53% | -0.40pp |
| Unemployment Rate (%) | 8.72% | 7.41% | -1.30pp |
All Economic Indicators (2018)
National Accounts
- GDP (Current USD)
- $33.25 billion
- GDP per Capita
- $17,252.17
- GDP Growth (Annual %)
- 4.31%
- Gross National Income
- $33.88 billion
Prices & Employment
- Inflation (CPI %)
- 2.53%
- Inflation (GDP Deflator %)
- 3.74%
- Unemployment Rate (%)
- 7.41%
- 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)
- -0.38%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2018, Latvia's Gross Domestic Product (GDP) is $33.25 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2018 is $17,252.17. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2018 is 2.53%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2018 is 4.31%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2018 is 7.41%. This represents the percentage of the labor force that is unemployed and actively seeking employment.